State Farm - Interest Checking

Average Score:

•   Like a good neighbor...

  This is a pretty solid account. It's got all the little perks and features you'd want (ATM reimbursements, bill pay, overdraft protection, etc.). And they've apparently offered free Turbo Tax in the past for their customers (I don't know if that's an every-year thing or not).

  Not that this isn't obvious from this bank's page on bankfox, but it's worth remembering that you only get the 1.55% interest rate if you have more than $2500 in the account. That's a pretty good interest rate for a checking account, so if you've got the money it makes sense, but if you don't, you can get interest elsewhere with a lower balance.

  I don't by any means *know* that this is the case, but I'd imagine that they'd have fairly consistent rates over time, as I assume they use this bank account to drive customers to their (presumably more profitable) insurance products.

  And while I don't have a whole lot of experience in this arena myself, my understanding is that their customer service is somewhere between satisfactory and good.

  Posted by tubaTHEface -- Sept. 18, 2009