Money in Uniform Transfer to Minors Act/Uniform Gift to Minors Act (UTMA/UTGA) Accounts are considered an irrevocable gift or transfer to the minor. The custodian on the account controls the funds for the benefit of the minor.
|Product||Dividend Rate||Annual Percentage Yield|
|Share Savings Accounts||1.50%||1.51%|
Annual Percentage Yield is accurate as of October 1, 2022.
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 offer potential tax advantages*
- Offer flexibility in how funds are spent to benefit the child
*Consult a financial advisor or tax professional to determine if this account best meets your needs.
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Why choose SFFCU?
Get these benefits when you save with us.
We offer the same competitive rates regardless of the balance.
Online & mobile banking give you access to your accounts anytime, anywhere.
Payroll deduction makes saving automatic.
We care! State Farm employees helping fellow State Farm associates.
Shares are secured by the NCUA.
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Multiple share savings account options help meet your savings needs.