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. Individuals who open an account through this program will have access to above-market interest rates that will help them to save and grow their money faster. 

  • 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 However, two people can have separate accounts and combine the funds after withdrawn to purchase the same home. 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.