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The IRS has extended the deadline for 2019 IRA, HSA and ESA contributions to July 15, 2020.

Coverdell Education Savings Account (ESA) with Certificates of Deposit (CDs) from State Farm Bank®

Open an ESA through State Farm Bank and the money will grow tax-free until withdrawn for any qualifying education expense – including room and board, supplies, and even uniforms – for grades K-12, as well as vocational school, college, and graduate school.

State Farm Bank® deposit accounts are FDIC insured.

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Fund Your Coverdell Education Savings Account with a CD from State Farm Bank

Let us help you save with confidence with our fixed-rate, FDIC-insured certificates of deposit. You can open an account with as little as $500 and start earning interest.* Multiple terms are available – from 12 to 60 months.

Take a closer look at Coverdell Education Savings Accounts

Fast Fact

You can contribute up to $2,000 per year/per child in ESA.


State Farm Bank delivers competitive Annual Percentage Yields (APYs) on a host of checking and savings accounts, competitive Annual Percentage Rates (APRs) on credit cards, home and vehicle loans. Enter your ZIP code in "Get Rates" above to see the current rates for your area.

*Refer to Truth in Savings Disclosures for more details.

Neither State Farm® nor its agents provide tax or legal advice.

State Farm Bank, F.S.B., Bloomington, Illinois ("Bank") is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and may be subject to investment risk, including possible loss of principal invested. The Bank encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank's underwriting standards for each type of credit or service offered by visiting® or by contacting the Bank at 877-SF4-VISA (877-734-8472). If you are deaf, hard of hearing, or do not use your voice to communicate, you may contact us via 711 or other relay services. To apply for a Bank product, you may also see your participating State Farm agent.

State Farm Bank®
Member FDIC
Equal Housing Lender