State Farm IRA CD Rates

State Farm is offering IRA CDs with terms that are tailored to fit its customers investment appetite.  It offers short-term IRA CDs as well as long-term IRA CDs.

The highest IRA CD rate offered by State Farm is a 5 year term IRA CD at a rate of 2.98%APY. This long-term IRA CD is for deposits of less than $100,000. If you have over $100,000, you will have a better chance earning a much higher rate of 2.99%APY for a 5 year term.

Update July 29, 2009: State Farm Bank IRA CD Rates

For less than $100,000 deposits, the APYs are:

  • 1 year – 1.54%APY
  • 2 years – 1.77%APY
  • 3 years – 2.09%APY
  • 4 years – 2.25%APY
  • 5 years – 3.15%APY

Deposits with over $100,000, earn below APY:

  • 1 year – 1.59%APY
  • 2 years – 1.80%APY
  • 3 years – 2.10%APY
  • 4 years – 2.27%APY
  • 5 years – 3.17%APY

Update August 22, 2009: State Farm IRA CD Rates stays the same.

For deposits less than $100,000, the APYs are:

  • 1 year – 1.54%APY
  • 2 years – 1.77%APY
  • 3 years – 2.09%APY
  • 4 years – 2.25%APY
  • 5 years – 3.15%APY

Deposits with over $100,000, earn below APY:

  • 1 year – 1.59%APY
  • 2 years – 1.80%APY
  • 3 years – 2.10%APY
  • 4 years – 2.27%APY
  • 5 years – 3.17%APY

Update September 30, 2009:

For less than $100,000 deposits, the APYs are:

  • 1 year – 1.44%APY
  • 2 years – 1.72%APY
  • 3 years – 1.88%APY
  • 4 years – 1.99%APY
  • 5 years – 3.00%APY

Deposits with over $100,000, earn the following APYs:

  • 1 year – 1.45%APY
  • 2 years – 1.75%APY
  • 3 years – 1.89%APY
  • 4 years – 2.00%APY
  • 5 years – 3.02%APY

State Farm IRA rates for the months of July and August stays the same, but was down in September 30, 2009.

Update October 21, 2009: State Farm 1 year IRA CD is down by 0.10%APY for both less than $100,000 and over $100,000 deposits. The rest of the IRA CD rates stays the same.

For less than $100,000 deposits, the APYs are:

  • 1 year – 1.34%APY
  • 2 years – 1.72%APY
  • 3 years – 1.88%APY
  • 4 years – 1.99%APY
  • 5 years – 3.00%APY

Deposits with over $100,000, earn the following APYs:

  • 1 year – 1.35%APY
  • 2 years – 1.75%APY
  • 3 years – 1.89%APY
  • 4 years – 2.00%APY
  • 5 years – 3.02%APY

Update January 1, 2010: State Farm Bank IRA rates shows no sign of going up. See below for the latest IRA CD rates:

For less than $100,000 deposits, the APYs are:

  • 12 month – 1.09%APY
  • 24 months – 1.37%APY
  • 36 months – 1.63%APY
  • 48 months – 1.73%APY
  • 60 months – 2.75%APY

Deposits with over $100,000, earn the following APYs:

  • 12 month – 1.10%APY
  • 24 months – 1.40%APY
  • 36 months – 1.64%APY
  • 48 months – 1.74%APY
  • 60 months – 2.77%APY

Update February 21, 2010: State Farm Bank IRA CD rates stay the same, except the 12 month term IRA CD.

For less than $100,000 deposits, the APYs are:

  • 12 month – 0.94%APY. This IRA CD rate falls from its previous rate of 1.09%APY.
  • 24 months – 1.37%APY
  • 36 months – 1.63%APY
  • 48 months – 1.73%APY
  • 60 months – 2.75%APY

Deposits with over $100,000, earn the following APYs:

  • 12 month – 0.95%APY. Down by 0.15%APY.
  • 24 months – 1.40%APY
  • 36 months – 1.64%APY
  • 48 months – 1.74%APY
  • 60 months – 2.77%APY

Update April 24, 2010: State Farm Bank offers has added two special terms IRA CD.

For less than $100,000 deposits, the APYs are:

  • 12 months – 0.94%APY. This IRA CD rate falls from its previous rate of 1.09%APY.
  • 15 months – 1.36%APY. *Special term (not available for business, IRA or ESA accounts).
  • 24 months – 1.37%APY
  • 28 months – 1.81%APY. *Special term (not available for business, IRA or ESA accounts).
  • 36 months – 1.63%APY
  • 48 months – 1.73%APY
  • 60 months – 2.75%APY

Deposits with over $100,000, earn the following APYs:

  • 12 month – 0.95%APY. Down by 0.15%APY.
  • 15 months – 1.37%APY. Special term (not available for business, IRA or ESA accounts).
  • 24 months – 1.40%APY
  • 28 months – 1.82%APY. Special term (not available for business, IRA or ESA accounts).
  • 36 months – 1.64%APY
  • 48 months – 1.74%APY
  • 60 months – 2.77%APY

Update May 24, 2010: State Farm IRA CD rates for May 2010 are up with the exception of the 28 month IRA CD  which remains the same.

For less than $100,000 deposits, the APYs are:

  • 12 months – 1.16%APY. IRA CD rate for 12 months is up by 0.22%APY.
  • 15 months – 1.51%APY. This IRA CD term is up by 0.15%APY.
  • 24 months – 1.67%APY. Up by 0.30%APY.
  • 28 months – 1.81%APY. Stays the same.
  • 36 months – 2.09%APY. Up by 0.46%APY.
  • 48 months – 2.50%APY. Up by 0.77%APY.
  • 60 months – 3.00%APY. Up by 0.25%APY.

Deposits with over $100,000, earn the following APYs:

  • 12 month – 1.17%APY. Up by 0.22%APY.
  • 15 months – 1.52%APY. Up by 0.15%APY.
  • 24 months – 1.70%APY. Up by 0.30%APY.
  • 28 months – 1.82%APY.
  • 36 months – 2.10%APY. Up by 0.46%APY.
  • 48 months – 2.51%APY. Up by 0.77%APY.
  • 60 months – 3.02%APY. Up by 0.25%APY.

Update July 15, 2010:

Less than $100,000 deposits, the APYs are:

  • 12 months – 1.16%APY.
  • 24 months – 1.35%APY. Down by 0.32%APY. Previously 1.67%APY
  • 36 months – 1.63%APY. Down by 0.46%APY.
  • 48 months – 2.04%APY. Down by 0.46%APY.
  • 60 months – 2.54%APY. Down by 0.46%APY.

Deposits with over $100,000, earn the following APYs:

  • 12 month – 1.17%APY
  • 24 months – 1.38%APY. Down by 0.32%APY.
  • 36 months – 1.64%APY. Down by 0.46%APY.
  • 48 months – 2.05%APY. Down by 0.46%APY.
  • 60 months – 2.56%APY. Down by 0.46%APY.

Note that rates vary by location. Visit  State Farm Bank to view current rates.

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