The State Farm Bank CD rates are the focus by Highest CD Rates today. They have decided to hold the State Farm Bank certificate of deposit rates steady since our last visit back in October of last year.
The CDs are in a tiered format with the minimum deposit levels being $500 and $100,000. This allows for a greater return on your investment by depositing a larger amount.
The current CD rates include the 3 month CD that is earning an APY of 0.25%, and 0.27% respectively. The 6 month CD is earning an APY of 0.37% and 0.38%.
The 1 year CD is earning an APY of 0.60% and 0.61%. The 2 year CD is earning an APY of 0.65% and 0.68%.
The 3 year CD is earning an APY of 0.82% and 0.83%. The 4 year CD is earning an APY of 1.13% and 1.14%.
The Best CD Rates are from the 5 year CD that is earning an APY of 1.56% and 1.58%.
These same deposit amounts, terms and CD rates are also accurate for the IRA CDs and the Coverdell Education Accounts with terms of 1 year thru 5 years.
All of the deposits are insured by the FDIC for amounts up to $250,000. These are fixed rate and term CDs that have a penalty fee for any early withdraw.
These State Farm CD rates were posted on January 18, 2012 but are subject to change without notice.
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