Sole proprietorships are unincorporated businesses set up by an individual. Sole proprietorships often involve individuals “doing business as.” Examples: an independent contractor agent for an insurance company, or an individual operating a home-based business.
Rates
| Product | Dividend Rate | Annual Percentage Yield |
| Share Savings Accounts | 4.00% | 4.08% |
Annual Percentage Yield is accurate as of November 1, 2024.
Dividends are compounded DAILY and declared at the beginning of each month and are credited and posted on the last day of the month.
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.
Features & Benefits
- Competitive rates means better returns
- May list beneficiaries on the account
- Able to apply for a loan for business purposes*
*Loans in the name of a corporation or business also require a natural person co-borrower (example: John Smith State Farm Insurance Agency and John Smith). The aggregate total of a loan for business purposes cannot exceed $49,999. For more information view the Business Loans tab of FAQs – Loans.
Estimate Your Savings With Our Calculators
Use our calculators for a quick valuation.
Explore our additional loan calculators.
Why choose SFFCU?
Get these benefits when you save with us.
| Great Rates We offer the same competitive rates regardless of the balance. |
24-Hour Access Online & mobile banking give you access to your accounts anytime, anywhere. |
Convenience Payroll deduction makes saving automatic. |
| Personalized Service We care! State Farm employees helping fellow State Farm associates. |
Security Shares are secured by the NCUA. |
Achieve Financial Goals Multiple share savings account options help meet your savings needs. |