A certificate of deposit (CD) is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions. CDs differ from savings accounts in that the CD has a specific, fixed.

• A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a relatively safe way. Like savings accounts, CDs are considered.
• CD rates are guaranteed as of the postmark date on the envelope containing the signed application and funding for the account. Interest is compounded and credited monthly. APYs assume interest remains on deposit until maturity. A withdrawal may reduce earnings. First Internet Bank does not issue monthly or annual statements for CD accounts.

When, where, and how you want

When you’re looking for help to achieve your financial goals, we want to be your first and best choice.

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Achieve your financial goals

We’re excited to introduce you to new products later this year that allow you to bank when, where, and how you want, thanks to an all-new alliance between U.S. Bank and State Farm^®. Now, you’ll be able to apply for checking, savings, CDs and CD-IRAs online, or through your local State Farm agent.

Checking accounts

Our alliance with U.S. Bank means we’ll offer a range of new U.S. Bank checking options, including accounts with no monthly maintenance fees for those who qualify.

Savings accounts

Meet your savings goals and earn interest with U.S. Bank savings and money market options that can put your financial goals within reach.

CDs

Save your money and watch it grow. Get certificate of deposit (CD) accounts with a range of minimum opening deposits and competitive returns.

Retirement CDs

Take advantage of low-risk investing with an individual retirement account that invests in CDs and provides guaranteed returns with locked-in rates.

Credit cards

Starting in 2021, we’ll bring you U.S. Bank credit cards with cash back on purchases, no annual fees, and other exciting features.

Vehicle loans

As we transition to our alliance with U.S. Bank, State Farm has temporarily suspended offering new vehicle loans. However, we anticipate offering these loans again in the near future.

For information regarding current State Farm Bank loans, view here.

Home loans that
work for you

State Farm works with Quicken Loans^® to help more customers in more ways by offering Quicken Loans mortgage options through mortgage licensed State Farm agents.

Get an agent who gets you

A State Farm agent can provide you with information to help you choose the right products and options. And with thousands of agents throughout the U.S., chances are there’s one near you.

Deposit products offered by U.S. Bank National Association. Member FDIC.

Mortgage loans offered by Quicken Loans, LLC; NMLS #3030; www.NMLSConsumerAccess.org. Equal Housing Lender. Licensed in 50 states.

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1. The Annual Percentage Yield (APY) for the Online Savings Account as of is more than five times the national average APY for interest-bearing savings accounts with balances of $500 as reported by Informa Research Services, Inc. as of . Interest rates and APYs are subject to change at any time. Although the information provided by Informa Research Services has been obtained from the various institutions, accuracy cannot be guaranteed.

2. Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of . Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open required.

3. Federal law limits the number of certain types of withdrawals and transfers from a Money Market Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

4. Annual Percentage Yield (APY) is accurate as of for Money Market Account balances under $100,000 and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. No minimum deposit to open required.

5. Annual Percentage Yield (APY) is accurate as of for Money Market Account balances of $100,000 or more and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. No minimum deposit to open required.

Cd Bank Account Definition

6. Annual Percentage Yield (APY) is accurate as of , is subject to change without notice, and will be determined and fixed for the term at funding. Applies to personal accounts only. A penalty may be charged for early withdrawal. No minimum deposit to open required.

Best Cd Bank Account

7. Annual Percentage Yield (APY) is accurate as of and is subject to change without notice. The APY will be determined and fixed for the entire IRA CD term once account is opened and correctly completed documentation and funding is received. We will send you written confirmation of the interest rate, APY and maturity date of your IRA CD after it is opened or funded. Applies to personal accounts only. A penalty may be charged for early withdrawal. No minimum deposit to open. Consult a financial advisor or tax professional for guidance.

Cd Bank Account Calculator

Deposit accounts offered by Discover Bank, Member FDIC