State Farm Bank – Online CD

Product Info:

  • 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
To find out more, visitState Farm Bank's website
Current Rates
Term APY Min Deposit
3 months
0.05 %
$500
6 months
0.10 %
$500
1 year
0.30 %
$500
2 years
0.60 %
$500
3 years
1.14 %
$500
4 years
1.59 %
$500
5 years
2.03 %
$500

Online CD Rate History

3 year Online CD
1.05% 1.14%
4/16/14
4 year Online CD
1.58% 1.59%
2/5/14