Share Accounts – Federally Insured by NCUA
This information above for State Farm Bank CD Rate - 1 Year CD is provided 'as is' and solely for informational purposes, not for specific financial advice. While we aim to keep our information accurate and current, the rates and information shown on this page may be inaccurate or be out of date. State Farm Federal Credit Union is headquartered in Bloomington and is the 3 rd largest credit union in the state of Illinois. It is also the 53 rd largest credit union in the nation. It was established in 1936 and as of September of 2020, it had grown to 138 employees and 123,072 members at 5 locations.State Farm Federal Credit Union's savings rates. State Farm Bank CD rates are extremely competitive right now and in fact are some of the best CD rates available today. 1 year CD rates at State Farm Bank are at 2.10 percent as of November 19, 2019. There is no minimum to earn this CD rate. View other bank CD rates below and find the highest CD rate available. Link to this article. State Farm Bank CD rates are extremely competitive right now and in fact are some of the best CD rates available today. 1 year CD rates at State Farm Bank are at 2.10 percent as of November 19, 2019. There is no minimum to earn this CD rate. View other bank CD rates below and find the highest CD rate. State Farm Bank’s CDs vary widely in their interest rates. The bank’s short-term CDs have poor rates that are on par with the rates offered by traditional banks. The longer-term CDs have rates that.
| Product | Dividend Rate [1] | Annual Percentage Yield (APY) |
| Share Savings Accounts | 1.00% | 1.01% |
| IRA Savings Accounts | 1.00% | 1.01% |
| Electronic Share Accounts | 1.00% | 1.01% |
New and Used Car, Truck, and Motorcycle Loans[6]
| Minimum Loan Amount | Terms up to | Annual Percentage Rate | Payment per $1000 [2] |
| $1,000 | 60 months | 1.99% | $17.52 |
| $20,001 | 72 months | 1.99% | $14.75 |
| $30,001 | 84 months | 1.99% | $12.76 |
New and Used Car, Truck, and Motorcycle Loans – Single Pay Note[6]
| Minimum Loan Amount | Terms up to | Annual Percentage Rate | Payment per $1000 [2] |
| $1,000 | 6 months | 1.99% | N/A |
New and Used RV and Boat Loans[6]
| Minimum Loan Amount | Terms up to | Annual Percentage Rate | Payment per $1000 [2] |
| $1,000 | 60 months | 1.99% | $17.52 |
| $20,001 | 72 months | 1.99% | $14.75 |
| $30,001 | 84 months | 1.99% | $12.76 |
| $60,001[5] | 120 months | 2.99% | $9.65 |
New and Used RV and Boat Loans – Single Pay Note[6]
| Minimum Loan Amount | Terms up to | Annual Percentage Rate | Payment per $1000 [2] |
| $1,000 | 6 months | 1.99% | N/A |
State Farm Cd Rates 2019
Share Secured Loans
| Minimum Loan Amount | Terms up to | Annual Percentage Rate [3] | Payment per $1000 [2] |
| $1,000 | 60 months | Variable Regular Shares Rate +.20 | $17.18 |
| $20,001 | 72 months | Variable Regular Shares Rate +.20 | $14.41 |
| $30,001 | 84 months | Variable Regular Shares Rate +.20 | $12.42 |
| $60,001[5] | 120 months | Variable Regular Shares Rate +.20 | $8.85 |
Share Secured Loans – Single Pay Note
| Minimum Loan Amount | Terms up to | Annual Percentage Rate [3] | Payment per $1000 [2] |
| $1,000 | 12 months | Variable Regular Shares Rate +.20 | N/A |
Personal Installment Loans
| Minimum Loan Amount | Terms up to | Annual Percentage Rate | Payment per $1000 [2] |
| $1,000 | 60 months | 8.00% | $20.28 |
| (Up to $50,000) | 60 months | 8.00% | $20.28 |
Personal Installment Loans – Single Pay Note
| Minimum Loan Amount | Terms up to | Annual Percentage Rate | Payment per $1000 [2] |
| $1,000 | 6 months | 8.00% | N/A |
Line of Credit Loans
State Farm High Yield Cd Rates
| Minimum Loan Amount | Terms up to | Annual Percentage Rate | Payment per $1000 [2] |
| $1,000 | N/A [4] | 8.00% | N/A [4] |
| (Up to $50,000) | N/A [4] | 8.00% | N/A [4] |
[1] Share rates are subject to change monthly (such change to be effective on the first day of each month) to reflect any changes as declared by the Board of Directors of the State Farm Credit Union during the month preceding any such change.
[2] Payment per $1000 calculated on maximum term available.
[3] The rates for Shared Secured Loans are subject to changes monthly. (such change to be effective on the first day of each month) to reflect any change in the index as declared by the Board of Directors of the State Farm Federal Credit Union during the month preceding any such change.
State Farm Cd Rates 5 Yr
[4] Line of Credit loans are a revolving line of credit. Payments are recalculated at each advance.
[5] Maturities greater than 84 months (7 years) are restricted to loans with a loan amount greater than $60,000 and secured only by shares, boats or motor homes. All other collateral is limited to a maximum of 84 months repayment.
[6] Maximum Loan Amounts are based on the Loan to Value (LTV)%. The LTV% used in the final approval amount factors in the collateral type, loan type, and an evaluation of the applicant(s) credit.