Ohio Homebuyer Plus

In conjunction with the Ohio Treasurer's Office, Peoples State Bank is pleased to offer Ohio Homebuyer Plus to our customers.

Ohio Homebuyer Plus makes specialized, tax-advantage savings accounts available to Ohioans to assist them on their home buying journey. 


  • Minimum balance of $100 to open and earn Annual Percentage Yield (APY).
  • Interest rate and annual percentage yield may change after account opening.
  • Receive a $500 BONUS by maintaining a minimum balance of $100 in the account for 90 days. At the end of the 90 days, you will be eligible for a $500 bonus to be deposited into your Ohio Homebuyer Plus account.
  • Bonus will be credited to the account within 120 days of account opening date, after the requirements have been met.
  • Account must be in good standing at the time of payout.
  • Limit one $500 bonus per social security number.
  • Offer only valid on the first Ohio Homebuyer Plus account opened at Peoples State Bank.
  • Bonus payout may be taxable as interest income and report on IRS Form 1099-INT. Consult your tax advisor.
  • Peoples State Bank reserves the right to change this offer at any time.
  • Additional terms and conditions may apply, see below for account qualifications.

  • Be an Ohio resident
  • Be at least 18 years of age
  • Have a 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 their new primary residence  

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

  1. Do I need to be a first time home buyer? No.
  2. Is there a minimum age? Account holder has to be 18 or older 
  3. Can I have a joint account? No, only one person can be signed on the account. However, two people can have separate accounts and combine the funds after withdrawn to purchase the same home. 
  4. Who can contribute to an account? Employer, Parent, Grandparents, and Spouse can contribute to a single account. Contributions may be state income tax deductible**.  
  5. Where can I open an account for the Ohio Homebuyer Plus? Any Peoples State Bank Branch (excluding Zanesville)
*For more detail please refer to Ohio Homebuyer Plus website
**Please speak to a tax professional regarding tax benefits.
  • $100 Minimum Balance to Open
  • $100 Minimum Balance to Maintain Account
  • $100,000 Maximum Allowable Account Balance
  • No Monthly Service Charge
  • 1 Withdrawal Allowed Per Month Without Fee, $5 Each Thereafter
  • Earns Interest (Contact Peoples State Bank for Current Rate Information)
  • Accounts Can Be Opened at the Following Locations:
    • Main Office (110 N. Main St., New Lexington)
    • Thornport Office (14806 Zion Rd., Thornville)
    • Junction City Office (106 E. Main St., Junction City)
    • Roseville Office (55 N. Main St., Roseville)







If this account is not right for you, Peoples State Bank offers other great savings accounts that earn interest.