3.80% 9-Month CD at State Farm Bank

Update 9/06/08: This special 9-month CD has ended. The new special is an 18-month CD with a yield of 4.35% APY. Please check the bank's website for the latest rates and specials.

State Farm Bank is offering a special 3.80% APY 9-month certificate of deposit. The minimum required deposit is $500. There's also a competitive 2-year CD with a yield of 4.05% APY which is available as both a regular CD and an IRA CD.

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.

State Farm Bank has been FDIC insured since 1999 (FDIC Certificate # 34617). It has a 4 star rating (excellent) at BauerFinancial based on 3/31/08 data.

Tags: State Farm Bank, CD rates