Ohio Homebuyers Plus Savings Account
Looking to buy a home in Ohio? With the shape the housing market is in, it's hard to find a home. By partnering with the Ohio Treasurer’s /office, we’re here to help you achieve your dream of being a homeowner. You can now open a specialized, tax advantaged savings account through the Ohio Homebuyer’s Plus Program.
- $100 minimum to open
- Ohio Resident over 18 years old
- 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.
$100 min balance to open
6.17% Annual percentage yield on balances below 25k
4.62% Annual percentage yield on balances 25k and above
Fees may reduce earnings
$250 bonus deposited into the account 6 months after opening account with $100 minimum balance. Bonus credited to account on first day of month after meeting 6-month requirement.
For tax advice, please consult your tax professional.
Rates effective as of 10/2/24.
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 |
