In addition to its well-know insurance business, State Farm has been in the banking business for many years now.  So, we here at CD Interest Rates Info thought that we would check out State Farm Bank CD rates and let you know what we found.

We reviewed all of the standard State Farm CD rates, and we also looked at State Farm jumbo CD rates.  Because the jumbo CD rates were not much more than the standard CD rates, we will focus on the standard rates for this article.

The State Farm Bank 1 year certificate of deposit bears an interest rate of 1.99 percent, which yields an Annual Percentage Yield (APY) of 2.01 percent.  The minimum opening balance is $500 for this CD.

State Farm Bank’s 5 year CD earns an interest rate of 2.56 percent, translating to an Annual Percentage Yield (APY) of 2.59 percent.  The minimum investment for this CD is also $500.

So, if you are in the market for a one year certificate of deposit or a five year certificate of deposit, then you may want to check out State Farm CD Rates.  Be sure to check out the State Farm Bank online banking web site for the current rates and terms available in your town, as CD rates can change quickly and are often different depending upon where you live.