Overall bank rating
The bottom line:
State Farm Bank’s deposit accounts are operated by U.S. Bank. Through the partnership, existing State Farm customers’ checking, savings and CD accounts were converted into U.S. Bank accounts.
Best for: Customers who want access to 24/7 live help and thousands of fee-free ATMs, aren’t concerned with earning the highest rates and are unlikely to overdraft.
- Free use of more than 37,000 ATMs.
- Live support available 24/7 by phone.
- Low interest rates on savings accounts.
- Expensive overdraft fees.
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.