We believe that homeownership plays a crucial role in the strength and the vitality of our communities.

That’s why we’re proud to offer the Ohio Homebuyer Plus Savings, a state program designed to make saving for a home easier and more accessible.

By providing above-market interest rates and a generous five-year window to save — at GenoaBank we aim to empower individuals and families on their path to homeownership and funding a savings. 

Ohio Homebuyer Plus makes specialized, tax-advantaged savings accounts available to eligible Ohioans to assist them on their homebuying journey. Individuals who open an account through this program will have access to above-market interest rates that will help them save and grow their money faster.

• 5.50% APY
• Minimum balance to open - $100
• Maximum contribution - $100,000
• Account must be used within 5 years
• Fund a down payment or mortgage closing costs

Visit ohiotreasurer.gov/homebuyerplus for more details. Individuals are required to review the Ohio Homebuyer Plus participation statement prior to opening the account. 

Additional documents include the following:

Participation Statement  |  Frequently Asked Questions  |  Ohio Homebuyer Plus Application

¹Annual Percentage Yield (“APY”) is effective as of April 22, 2024 and is subject to change without notice. This is a variable rate account and the rate may change after account opening. Minimum balance to open account and obtain APY is $100. There is a maximum account contribution limit of $100,000 and account duration is limited to 5 years. Account is subject to all requirements, terms and conditions set forth in the Participation Statement found at: https://tos.ohio.gov/files/Pdfs/HomebuyerPlusParticipation.pdf. Eligibility is limited to individuals 18 and over who are Ohio residents with a primary address in Ohio and a valid Social Security Number or Individual Taxpayer Identification Number. Account opening is subject to GenoaBank's receipt of a completed application and approval by the Ohio Treasurer’s office.  

Account funds may only be used for eligible program home purchase costs. Activity restrictions apply. This is not an offer to extend credit. Loans are subject to credit application and approval.  Individuals are limited to one Ohio Homebuyer Plus Savings account at any one time, except as allowed in the Ohio Homebuyer Plus Participation Statement. Account must be individually owned; joint account ownership is not permitted.  Normal terms and conditions apply. For complete details, visit: https://tos.ohio.gov/homebuyerplus/ or contact your local GenoaBank branch. Account availability is subject to change without notice.