- Deposits grow tax-free until distributed
- Earnings are tax-free as long as they are used for eligible expenses – including supplies, room and board and uniforms, as well as tuition
- Can be used to pay for primary or high school expenses, as well as higher education
- Anyone can contribute up to $2,000 per child each year
Funding Options through State Farm Bank®
You can save in an FDIC-insured State Farm Bank Certificate of Deposit (CD). Contact State Farm Bank at 1-877-SF4-Bank (877-734-2265). 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.
State Farm Bank – FDIC-insured CDs