State Farm Bank Savings Account Review

State Farm Bank Savings Account is offered by State Farm, a financial services company founded in 1922 and based in Bloomington, IL. State Farm Bank Savings Account is available in 50 states (and Washington, DC).

Are savings accounts from State Farm federally insured?

Yes, your State Farm savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does State Farm offer a signup bonus?

State Farm Bank Savings Account doesn't offer a signup bonus.

What is the minimum balance for State Farm Bank Savings Account?

What APY does State Farm offer?

State Farm Bank Savings Account offers an APY starting at 0.1% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).

What features and perks does State Farm Bank Savings Account offer?

This account includes the following features.

What fees does State Farm Bank Savings Account charge?

State Farm Bank Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $100.

• Outgoing domestic bank transfers come with a $15 fee.
• Outoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.