Ohio Homebuyer Plus Savings Account
Calling all Ohio residents! GreenWay Bank has partnered with the Ohio Treasurer's Office to offer a new, specialized, tax advantaged High Interest Earning Savings Account* through the Ohio Homebuyer Plus Savings Program.
If you're looking to buy a home, live in Ohio, and are above the age of 18, we're here to help you achieve your homeowner's dream!
Let's get started:
- Account requires $500 minimum to open
- Must be an Ohio resident over 18 years old
- Balance must be used for down payment or closing costs of Primary Residence located in Ohio
- High interest earning savings account*
Restrictions Apply.
*Variable interest rate. Subject to change.
1. 5.50% Annual percentage yield on balances below 25k. 4.00% Annual percentage yield on balances 25k and above.
2. $250 bonus deposited into the account 6 months after opening account with $500 minimum balance. Bonus credited to account on first day of month after meeting 6-month requirement.
Fees may reduce earnings.
$500 min balance to open.
For tax advice, please consult your tax professional.
Rates effective as of 12/18/24.
Personal Savings Accounts Comparison Chart
| Features | Savings | Money Market | CD (Term Varies) |
|---|---|---|---|
| Free Online/Mobile Banking | X | X | X |
| Free ATM Card | X | N/A | |
| Tiered Rates of Interest* | X | X | |
| Minimum Balance Requirement | N/A | $20,000 | $1,000 |
| Minimum Opening Deposits | $100 | $20,000 | $1,000 |
| Early Withdrawal Penalty | N/A | Under 12 month term is equal to 3 months of interest. Greater than 12 months equal to 6 months of interest | |
| Free Debit Card | X | ||
| No Fee on Wire Transfer | X | ||
| Monthly Fee Waiver Eligibility | $20 Waived with minimum daily balance of $20,000 |
