Every so often State Farm Bank comes out with a few competitive CD rates. The 60-month CD rate just recently dropped from 3% to 2.85% so it's not quite deserving of a blog post. I thought I would at least post on it in the forum. Here are two fairly competitive CD rates as of 6/19/2010:
CD Term APY
15 months 1.51% Special Term
60 months 2.85%
CDs are also available in an IRA.
State Farm Bank also has a fairly good interest checking account, but like most all accounts, the rate has fallen. It now pays only 1.05% APY for balances over $2,500.
Refer to my old State Farm CD review
for more details about the CD features and potential issues.