Current State Farm Bank CD Rates
Today, here at Highest CD Rates Info, we’re going to have a fresh look at the latest in CD rates at State Farm Bank.
Bloomington, IL-based State Farm Bank is a premium banking and insurance company that offers CD and money market accounts, including high yield deals. The bank is included in the top 35 financial institutions under the Fortune 500 rankings. CD rates at State Farm Bank as of February 24, 2010 are as follows.
Highest CD rates are currently offered on the 5-year CD with an APY of 2.75%. The lowest CD rate is available on the 3-month CD with an APY of 0.35%. A 6-month CD will return an APY of 0.52% at State Farm Bank.
State Farm Bank CD Rates for one year investment option are currently estimated at 0.94% APY. A 2-year investment at State Farm will return an APY of 1.37%.
State Farm CD rates for a 3-year investment will return an APY of 1.63%. A 4-year CD at the bank will return an APY of 1.73% whereas a 5-year CD will yield 2.75%. Minimum opening balance for these accounts is $500. The bank offers the same APY on IRA CDs. In case of an investment equal to or greater than $100,000, the highest possible APY will be accrued on the 5-year CD with 2.77%. A 3-month CD will yield 0.37% under this investment option. One year CD will return an APY of 0.95% whereas a 2-year CD will yield 1.40% Penalties will be applied in case of early withdrawals and other violations of user agreement; other fees can also be charged on these accounts.