Share Savings Rates of 1.25% from State Farm Federal Credit Union

State Farm Federal Credit Union has a very good rate on their share savings accounts. State Farm FCU's highest rates are on their Share Savings Accounts and IRA Savings Accounts. The rate on both is currently at 1.25% with an APY of 1.26%.  The credit union's E-Shares rate is slightly lower at 1.15% with an APY of 1.16%.

These rates are well above the national average savings rate of 0.22 percent for account balances of at least $2,500 as reported by MonitorBankRates.com.

The effective date of State Farm FCU's rates are April 1, 2011. If you're interested in opening an account you'll have to join the credit union. Information on joining and a membership application can be found here: State Farm FCU Membership Application.