Health Savings Account (HSA)

Prepare for the unexpected with tax-deductible contributions, tax-free earnings, and tax-free withdrawals for qualified medical expenses. Pair with a high-deductible health insurance plan to earn a competitive interest rate on your savings today while preparing for tomorrow.

To open your account, contact a State Farm® agent or call State Farm Bank® at 877-SF4-BANK (877-734-2265). Hearing and speech impaired customers, please dial 711.

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  • Open your account today with as little as $100, and never worry about a minimum balance fee.
  • Save and pay for qualified medical expenses tax-free. (See additional details below.)
  • Contributions to your HSA are tax-deductible and may be made by you, your employer, or both.
  • Interest earned is not taxed.
  • Health Savings Visa® CheckCard available to make qualified purchases, cash withdrawals, or ATM deposits.

State Farm Bank delivers competitive interest rates on a host of checking and savings accounts, low APRs on credit cards, and affordable rates on home and vehicle loans. Enter your ZIP Code below to see the current rates for your area.

Need help planning? Visit our financial calculators.

1 State Farm Bank and its affiliates do not provide tax, investment, or legal advice. Federal and state tax laws are subject to change. If tax, investment, or legal advice is required, please seek the services of a licensed professional.