Rates

Name Term APY Min Deposit
Online CD 3 months 0.20 % $500
6 months 0.32 % $500
1 year 0.55 % $500
2 years 0.60 % $500
3 years 0.72 % $500
4 years 0.87 % $500
5 years 1.36 % $500
IRA CD 1 year 0.60 % $500
2 years 0.65 % $500
3 years 0.82 % $500
4 years 1.13 % $500
5 years 1.46 % $500
Jumbo IRA CD 1 year 0.61 % $100,000
2 years 0.68 % $100,000
3 years 0.83 % $100,000
4 years 1.14 % $100,000
5 years 1.48 % $100,000
Jumbo CD 3 months 0.22 % $100,000
6 months 0.33 % $100,000
1 year 0.56 % $100,000
2 years 0.63 % $100,000
3 years 0.73 % $100,000
4 years 0.88 % $100,000
5 years 1.38 % $100,000

Product Information

  • Minimum opening deposit is $500
  • Variety of Terms available ranging from 90 days to 5 years
  • FDIC insured
  • Automatically renewed at maturity
  • 10 calendar day Grace Period after the maturity date to change the investment terms, or withdraw funds without being charged a penalty
  • You may also increase the amount in your CD during the Grace Period
  • Fund a new CD by electronic transfer (ACH) when applying through a State Farm Agent’s office or by calling State Farm Bank® toll-free at 1-877-734-2265
  • Interest compounded daily
  • Begins to accrue on the business day your deposit is received at State Farm Bank’s Operation Center
  • Interest is paid at maturity on 90 and 180 day CDs 
  • Interest may be credited to the account monthly for CDs with terms longer than 180 days

Latest Rate Updates

5 year Jumbo IRA CD
1.58% ⇒ 1.48%
2/1/12
5 year IRA CD
1.56% ⇒ 1.46%
2/1/12
5 year Jumbo CD
1.58% ⇒ 1.38%
2/1/12
4 year Jumbo CD
1.14% ⇒ 0.88%
2/1/12
3 year Jumbo CD
0.83% ⇒ 0.73%
2/1/12
2 year Jumbo CD
0.68% ⇒ 0.63%
2/1/12
1 year Jumbo CD
0.61% ⇒ 0.56%
2/1/12
6 month Jumbo CD
0.38% ⇒ 0.33%
2/1/12
3 month Jumbo CD
0.27% ⇒ 0.22%
2/1/12
5 year Online CD
1.56% ⇒ 1.36%
2/1/12