Bank Deposit
Bank deposit definition is - any funds credited to a depositor's account by a bank. Deposit insurance is one of the significant benefits of having an account at an FDIC-insured bank—it’s how the FDIC protects your money in the unlikely event of a bank failure. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
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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U.S. Bank®
Fdic Deposit Market Share 2020
bank deposit
Bank Deposit Books
a sum of money held on deposit with a COMMERCIAL BANK (or SAVINGS BANK). Bank deposits are of two main types: sight deposits (CURRENT ACCOUNTS), which are withdrawable on demand; time deposits (DEPOSIT ACCOUNTS), which are withdrawable subject usually to some notice being given. Sight deposits represent instant LIQUIDITY: they are used to finance day-to-day transactions and regular payments either in the form of a CURRENCY withdrawal or a CHEQUE transfer. Time deposits are usually held for longer periods of time to meet irregular payments and as a form of savings.Bank deposits constitute an important component of the MONEY SUPPLY. See BANK DEPOSIT CREATION, MONETARY POLICY.