State Farm Bank Paying 1.180% APY on 60-Month Jumbo CDs

State Farm Bank, offers 1.180% APY on 60-month jumbo certificates of deposit. The minimum deposit required for a jumbo CD is $100,000.

The bank offers regular CDs with multiple terms from 3 months to 60 months. You can open your CD with a minimum deposit of $500 and earn the specified APY for each term. The interest is compounded on a daily basis and the deposits are FDIC insured.