State Farm Bank CD Rates
Posted by Top CD Rates on 04/28/09 in state farm
State Farm Bank is currently offering a fairly competitive 18 month CD promotion. The rate is 2.71% APY for an 18-month term. There’s also a fairly competitive 1-year CD with a 2.54% APY. Minimum deposit on all of State Farm’s CDs $500. These rates are current as of 4/28/2009.
State Farm Bank’s CD Page has the details and the link to the Truth in Savings Disclosure. According to the disclosure, the early withdrawal penalty is 180 days of interest on the principal withdrawn.
You can apply online, but a printer is required, as you will be required to print, sign and mail the application to State Farm along with your initial deposit. You may also apply for an account by contacting State Farm Bank toll-free at 1-877-SF4-BANK (1-877-734-2265) or by contacting a participating State Farm agent.
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