5.50% 24-Month CD at State Farm Bank

Jun 12, 2006 - 1:53 PM by Ken Tumin

State Farm Bank is offering a 5.50% APY (5.35% interest rate) 24-month certificate of deposit. This APY also applies to the 36-month CD. The minimum required deposit is $500. State Farm Bank is FDIC insured.

Every now and then State Farm Bank has a competitive rate on one of their CDs. Last October, State Farm Bank had a very high 3-month CD special.

You can apply online, but a printer is required, as you will be required to print, sign and mail the application, 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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In order of date posted. - Sort by votes

Anonymous - #1, Monday, June 12, 2006 - 5:09 PM

State Farm Bank, on the internet, did not make it clear if you could only open a CD on the internet and mail it in, or if a person could walk into the Agent office and open a CD. I called the number listed and was assured that you could walk into the State Farm office and open the account, then and there, which is what I intent to do tomorrow. Sounds good.

Banking Guy (anonymous) - #2, Monday, June 12, 2006 - 5:52 PM

I have to agree that their website is not very clear about the online application and funding. Going to a State Farm office sounds like the easiest way. Please let us know if there are any complications.

Anonymous - #3, Tuesday, January 5, 2010 - 5:41 PM

need to remove rate. it is way out of datedonally

5.50% 24-Month CD at State Farm Bank

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