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New Higher CD Rates at State Farm Bank - Top Rate Now at 2.20% APY
 

New Higher CD Rates at State Farm Bank – Top Rate Now at 2.20% APY

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There are several new higher CD rates on intermediate and long term certificates of deposit at State Farm Bank. The best rate is now on State Farm Bank's 5 year regular and jumbo certificate of deposit. The new 5 year rates are at 2.18 percent with an APY of 2.20 percent.


With this increase, State Farm Bank's 5 year rate moved up from seventh place to fifth place on our 5 year rate list. State Farm Bank is now tied with CIT Bank and Discover Bank for the fifth highest 5 year CD rate. The highest 5 year rate is at 2.42 percent with an APY of 2.45 percent from E-Loan.


State Farm Bank's 3 year CD rate had an even bigger move up the list. The old 3 year rate at 1.45% placed State Farm Bank at eleventh place but the new rate at 1.70% places State Farm Bank at second place. E-Loan and EverBank are currently tied with the best 3 year rate 1.83 percent with an APY of 1.85 percent.

4 year CD rates were increased from 1.59 percent with an APY of 1.60 percent to 1.73 percent with an APY of 1.75 percent. State Farm Bank's new 4 year rate places the bank at seventh place on our 4 year rate list, tied with Synchrony Bank. The top 4 year rate is currently at 1.98 percent with an APY of 2.00 percent.


You an check on all current CD rates at RatesORama.com.


Author: Brian McKay
January 16th, 2016