Sole Proprietorship Account

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.

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ProductDividend RateAnnual Percentage Yield
Share Savings Accounts3.50%3.56%

Annual Percentage Yield is accurate as of June 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.

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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.
Payroll deduction makes saving automatic.
Personalized Service
We care! State Farm employees helping fellow State Farm associates.
Shares are secured by the NCUA.
Achieve Financial Goals
Multiple share savings account options help meet your savings needs.