Ohio Homebuyer Plus Savings Program

young couple moving into a new home

Ohio Homebuyer Plus:

Earn 7.00%APY*, a $500 match, and a $1500 closing credit

Two Special Offers

Earn a $500 match when you deposit at least $500 and keep it in the account for at least 90 days**

Take advantage of a $1500 mortgage closing credit when you open a mortgage at KEMBA***

Unlock owning your dream home faster with the Ohio Homebuyer Plus Savings Program and KEMBA Financial Credit Union

Saving for a new home in Ohio is now more rewarding than ever with this high interest, savings account opportunity. The Ohio Homebuyer Plus Savings Program gives you access to above-market interest rates to help grow your money faster and get into your dream home.

Exclusive Interest Rate

7.00% APY

Existing and Aspiring Ohio Homeowners Eligible!
  • $100 minimum contribution
  • $100,000 maximum contribution
  • Use balance within 5 years of savings account opening
  • Put it towards a down payment on your home or mortgage closing costs
  • Deposits are safe and federally insured by NCUA
  • Potential tax advantages+

Ohio Homebuyer Plus Savings Account Participant Requirements:

  • Review the Ohio Homebuyer Plus Participation Statement from the Ohio Treasurer’s Office here
  • Be an Ohio resident at least 18 years of age
  • Have your primary residence located in the State of Ohio
  • Only use the high interest savings account proceeds toward the down payment or closing costs of a home purchased in Ohio, with the home becoming your new primary residence

“The Ohio Homebuyer Plus savings account is giving my fiancé and I an opportunity to save for our first home faster than we could have otherwise,” said Gina Bartholomew, KEMBA member and Ohio Homebuyer Plus account holder. “The Central Ohio housing market is challenging to say the least, and this is an amazing opportunity for us to save so much more than a traditional savings account. As an added benefit, opening the account at KEMBA was quick and easy.”

Choose an option below to your Ohio Homebuyer Plus Savings account today!

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*APY = Annual Percentage Yield. This is a variable rate account. Rates are subject to change after account opening. $100 minimum to open the account. There is a maximum contribution limit of $100,000. Account duration is limited to 5 years.
**To receive the $500 matching bonus, you must deposit $500 into the Homebuyer Plus account within the first six months of opening. A total of at least $500 must remain in the account for 90 days. At the end of the 90 days, you will be eligible for a $500 matching deposit. Deposit will be made into your Homebuyer Plus account one business day after the requirements have been met. Account must be in good standing at time of payout. Limit one $500 bonus per social security number. Offer valid on first Homebuyer Plus account opened at KEMBA. Bonus payout may be taxable as interest income and reported on IRS Form 1099-INT. Consult your tax advisor. KEMBA reserves the right to change this offer at any time. Offer expires 3.31.25. KEMBA membership required. Federally insured by NCUA.
***A credit of up to $1500 will be applied - at closing and not before - towards eligible closing costs on a first position mortgage originated at KEMBA Financial Credit Union for a new home purchase. Offer valid for Ohio Homebuyer Plus (OHP) Savings Account members only; OHP account must be open for a minimum of 180 days to qualify and must carry a balance of a least $ 1000. The credit cannot exceed actual closing cost available or maximum interested party contributions and cannot be used to fund any portion of the down payment or financial reserve requirements. OHP account must be open at KEMBA Financial Credit Union at the time of mortgage origination to be eligible for the closing cost credit. One OHP closing cost credit per mortgage loan. One OHP lifetime closing cost credit per member, future newly opened OHP accounts are not eligible for the closing cost credit. The credit has no cash value, unused funds will be forfeited. Subject to creditworthiness and eligibility. We reserve the right to change this offer at any time. Offer expires March 31, 2025.
For full Membership Agreement and Disclosures, click here. View all current deposit rates here.
+Please consult a tax advisor regarding individual circumstances and potential federal tax implications, or the Internal Revenue Service.

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