Civista Bank, in conjunction with the Ohio Treasurer’s office, is pleased to offer the Ohio Homebuyer Plus savings plan, helping Ohioans grow their savings faster for future home purchases.
Ohio residents saving to purchase their first home, upsize or even downsize their home may all benefit from the Ohio Homebuyer Plus program.
What is Ohio Homebuyer Plus?
Ohio Homebuyer Plus offers specialized, tax-advantaged savings accounts for Ohioans to use on their homebuying journey. Individuals who open an account will have access to above-market interest rates and may also qualify for certain Ohio state income tax deductions3.
Who is Eligible?
Participants must:
Be an Ohio resident at least 18 years of age
Have a primary residence located in Ohio
Use account funds toward the down payment or closing costs of a primary residence in Ohio
Review the Ohio Homebuyer Plus Participation Statement prior to opening the account
Civista's Ohio Homebuyer Plus Savings Account Features
$100 minimum opening deposit and minimum daily balance
$100,000 maximum balance
Earn premium savings rate - 6.70% APY1
Grow savings with additional contributions and interest for up to 5 years. Account balance must be used within 5 years of account opening toward qualified home purchase
Make additional deposits and monitor account easily with Civista Digital Banking
eStatement standard; paper statement may be substituted at no extra charge
More Ways to Grow Your Savings Faster
Civista will match your opening deposit up to $500.00. Deposit will be credited to your account within 120 days of account opening2.
As an added savings boost, parents, grandparents and other eligible third parties looking to help contribute to an Ohio Homebuyer Plus account may be eligible to take the State of Ohio income tax deduction. Be sure to consult your tax professional for more information3.
