Ohio Homebuyer Plus Savings

In conjunction with the Ohio Treasurer’s Office, 1st National Bank is pleased to offer Ohio Homebuyer Plus to our customers.

Download the Ohio Homebuyer Savings Account Application

What is Ohio Homebuyer Plus?

Ohio Homebuyer Plus makes specialized, tax-advantaged savings accounts available to Ohioans to assist them on their homebuying journey. Individuals who open an account through this program will have access to a 6.00% APY* that will help them to save and grow their money faster.

Advantages of Ohio Homebuyer Plus

  • Open an account with as little as $500
  • Earn above-market interest on your deposit
  • Qualifying savers may be able to write off up to $5,000 on your state income tax per year**
  • Flexibility of up to 5-years to save before purchasing your home

How do I qualify?

  • Be an Ohio resident at least 18 years of age
  • Have your primary residence located in the State of Ohio
  • Only use account proceeds toward the down payment or closing costs of a home purchased in Ohio, with the home becoming your new primary residence

Accounts must be used within 5 years, maintain a minimum balance of at least $500, and cannot exceed a maximum balance of $100,000.

Start your Application

Download the Ohio Homebuyer Savings Account Application

Download the Ohio Homebuyer Savings Account Application

Learn more about Homebuyer Plus

For more information about the Ohio Homebuyer Plus program, please visit ohiotreasurer.gov/homebuyerplus.

Still have questions about our Savings Accounts? Have us contact you.

About You

 

Please note: Individuals are required to review the Ohio Homebuyer Plus participation statement prior to opening an account through the program. You can review the participation statement here.

*Annual Percentage Yield (APY) is 6.00% APY and interest rate is 5.83% on deposits of $500.00 to $24,999.00 and 4.97% APY and interest rate of 4.86% for balances of $25,000.00 to $100,000.00, effective as of July 1, 2025, is a variable rate, and subject to change without notice. Minimum balance of $500 to open an account and obtain APY. Subject to approval by the State of Ohio.

**Consult with your tax advisor about tax advantages. 1st National Bank nor the Ohio Treasurer’s office offers any financial or legal advice.