Ohio Homebuyer Plus

Ohio Homebuyer Plus
Helping you open doors—literally.
Saving for your future home made easy.
We’ve partnered with the Ohio Treasurer’s Office to help first-time homebuyers reach their goals faster. If you're an Ohio resident, or planning to move to the area, this high-yield, tax-advantaged savings account helps you to save for a downpayment or closing costs on your future home.
Key features:
- $500 minimum to open
- High-interest savings account
- Available to Ohio residents 18+
- Designed for downpayment or closing costs
- Special tax benefits through Ohio Homebuyer Plus
Perfect for:
Ohio residents looking to save for their future home purchase.
Restrictions Apply
*Variable interest rate. Subject to change.
$500 min balance to open. 5.50% Annual percentage yield on balances below 25k. 4.00% Annual percentage yield on balances 25k and above.
Fees may reduce earnings
$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. For tax advice, please consult your tax professional.
Rates effective as of 12/8/24.
Personal Savings Accounts
Comparison Chart
Features | Savings | Money Market | CD (Term Varies) |
---|---|---|---|
Free Online/Mobile Banking | |||
Free ATM Card | N/A | ||
Tiered Rates of Interest* | |||
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 | |||
No Fee on Wire Transfer | |||
Monthly Fee Waiver Eligibility | $20 Waived with minimum daily balance of $20,000 | ||
Learn More | Learn More | Learn More |