July 10, 2024
GALLIPOLIS, Ohio - Ohio Valley Bank is pleased to announce a new account to the bank’s lineup, the Sweet Home Ohio account. This account, which is part of Ohio State Treasurer Robert Sprague’s Ohio Homebuyers Plus program, is an enhanced interest savings account for eligible Ohio residents. The state has limited each bank to only opening one thousand of these accounts, and they expect them to go fast.
To qualify for this account, the accountholder must reside in the state of Ohio and be at least 18 years of age. The purpose of the program is to offer high interest savings to encourage individuals to save toward buying a home in Ohio. The accountholder is not required to make a home purchase.
Interested eligible applicants can open a Sweet Home Ohio account with a minimum balance of $100, up to a maximum of $100,000. The account will close within 90 days after the first withdrawal. If no withdrawal is made in five years, the account is closed and all funds including interest are paid to the accountholder. Normal taxes may apply; please consult a tax expert.
Stop by any Ohio Valley Bank office in Ohio for complete rules and details.
For more information on the Homebuyer Plus program, visit www.ohiotreasurer.gov/homebuyerplus.
Ohio Valley Bank, which operates 17 offices and was established in 1872, is an FDIC-insured community bank based in Gallipolis, Ohio, and is a state member bank of the Federal Reserve. Common stock for the bank’s parent company, Ohio Valley Banc Corp., is traded on The NASDAQ Global Market under the symbol OVBC. More information can be found at Ohio Valley Bank’s website at www.ovbc.com.
