State Farm CDs are offered through State Farm Bank which is part of the Start Farm Mutual company. State Farm Bank is the 76th largest bank in the U.S. based on total assets. State Farm Bank is a nontraditional bank that does not operate bank branches. Banks CDs and other financial products offered by State Farm Bank are serviced by State Farm Agents, the bank’s telephone call center, via mail, and with State Farm online banking.

Since the bank has lower overhead costs that comparable fixed financial institutions, State Farm Bank CD rates can be very competitive. State Farm Bank offers standard CDs and jumbo CDs the bank also promotes special CD rates from time to time. State Farm Bank CD rates are currently measurably higher than the average national CD rates. And the special promotion CD rates are running even higher than the above average standard CD rates.

State Farm CDs offer a fixed interest rate over the full term of the CD. Interest is compounded daily on all of the bank CDs listed. These CDs are offered through State Farm Bank which is a regulated bank with all CD accounts FDIC insured. State Farm offers a number of options for distributing the CD interest earned. Earned interest payments on the bank CDs can be added to the CD account, paid to the account holder separately by check, deposited into a separate State Farm Bank account, or electronically transferred to a another bank account.

The standard CD terms and CD rates offered by State Farm Bank include the following:

3 month CD rate 0.25%
6 month CD rate 0.37%
12 month CD rate 0.70%
24 month CD rate 0.75%
36 month CD rate 1.18%
48 month CD rate 1.48%
60 month CD rate 2.07%

Special term CDs promoted by the bank include the following:

9 month CD rate 1.06%
30 month CD rate 1.31%

State Farm Bank CD rates and other bank deposit product Rates may vary by geographic region of the account holder. All bank CD interest rates are subject to change at the bank’s discretion. The bank CD rates listed are for fixed rate and fixed term CDs with a minimum balance requirement of $500.00.

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