Home Savings Review

How does your bank stack up?

  • Financial Rates: 3.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon


  • Variety of personal deposit accounts
  • Low opening requires amounts
  • Business accounts available
  • Online CDs offers competitive rates


  • Cannot open all accounts online
  • Tiered interest rates for MMA
  • Low interest rates
  • High yield accounts have high opening sum

What You Need to Know

Home Savings offers a variety of personal deposit accounts. They offer interest earning and free checking accounts. They offer a checking account for students and those over 50 years old. They offer a holiday savings account and savings accounts for kids and youth. Home Savings offers an online savings account and CDs. The CDs range from 28-days to five-year terms.

Most accounts have low opening requires amounts. The online savings account requires $50 to open. The holiday savings and youth savings accounts require $10 to open. Most checking accounts requires $25 to open. The interest earning checking does require $100 and must be opened in a branch location. The regular CDs require $500 to open.

Home Savings offers a variety of business accounts. They offer checking and savings accounts for small or commercial businesses. Lending options, money market accounts, and deposit services are also offered for businesses. You must visit a branch location to open business accounts.

Home Savings offers two CDs, for new investments, with competitive rates. The terms are an 18-month and 36-month CD. Money deposited in these CDs cannot be from other accounts in Home Savings accounts. The interest rates are competitive with other online CD accounts. These CDs require $500 to open and can be opened online.

Not all Home Savings accounts can open online. Some accounts require visiting a branch location, including the interest-earning checking account. Visit a branch to open the holiday savings account and savings accounts for kids.

The MMA and the Platinum savings accounts have tiered interest rates. These accounts require a $100,000 balance to earn the best rates. Balances lower than $100,000 still earn interest, just lower rates.

Most Home Savings accounts do not offer competitive interest rates. Some accounts have tiered interest rates. Other accounts have interest rates similar to typical brick and mortar bank rates. Only a few accounts offer rates competitive with online accounts.

The high yield Home Savings accounts have high required opening amounts. The Platinum savings account requires $5,000 to open. The money market account requires $10,000 to open. The money market account can be opened online. To open the Platinum Savings requires a branch location.

Cool Things

Financial Calculators

The Home Savings website offers financial calculators. These calculators show how long it takes to pay off your credit card or what your auto loan payment will be. You can see how much you need to save for retirement or how much mortgage you can comfortably pay each month. A variety of other calculators are on their website.


Home Savings started in 1889. They work to create relationships with people and businesses in the areas they serve. Headquarters for Home Savings is in Youngstown, Ohio.

Today, they have assets of $2.6 billion with over 500 employees. They have 35 banking branches, 12 loan centers, and three wealth management offices. Home Savings branch locations are across Ohio, Pennsylvania, and West Virginia.

Awards and Recognition

  • Ranked 11th in Bank Director Magazines 2015 Performance Scorecard

Giving Back

Home Savings employees volunteer their time in their communities. They help increase financial literacy to students and adults. Bank employees teach students about credit and the need to save money. They teach adults good investment options and ideas to help them save more money.

The Home Savings Charitable Foundation serves charities and organizations around their branch locations. This foundation started in 1991. Their focus on educational programs, economic development, and community support. Since the foundation started, Home Savings Charitable Foundation has donated around $16 million to various charities.

Frequently Asked Questions

Is Home Savings FDIC insured?

Yes. Home Savings is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How do I access my money?

With an ATM or debit card, checks, or electronic transfers. You can access money through bill pay or by visiting a local branch location.

Does Home Savings offer mobile banking?

Yes. With the mobile app, you can deposit checks, pay bills, and transfer money. You can see account balances and find ATMs or branch locations.

Is Home Savings free?

Most Home Savings accounts do not have monthly maintenance fees.

Is Home Savings a good bank?

Home Savings offers a good variety of accounts. Some accounts offer competitive interest rates. Not all accounts can open online. Most accounts do not have monthly maintenance fees.

Is Home Savings secure online?

They offer Trusteer Rapport to protect your information online. Their security measures comply with federal laws. Their computers have safeguards, and their buildings and files are secure.

Does Home Savings offer competitive interest rates?

Some Home Savings accounts offer competitive interest rates. To get the most competitive rate requires high account balances. The online CDs offer competitive interest rates.

Can I use Home Savings for my business accounts?

Yes. Home Savings offers savings, checking, and lending options for businesses. They offer business accounts for small and commercial businesses. Visit a branch location to open business accounts.

How is Home Savings online banking different from the online banking my bank offers?

Some Home Savings accounts can open online. Everything for the account is online. Interest rates for most accounts are typical to brick and mortar bank rates.

Do Home Savings checking accounts pay interest?

One Home Savings checking account earns interest. You must visit a branch location to open this account.

How do I reach customer service?

By phone, mail, email, or by visiting a local branch location. You can follow Home Savings on Facebook, Instagram, or YouTube.

Does Home Savings offer bill pay?

Yes. Home Savings accounts offer bill pay options.

Can I deposit cash?

Yes, at a local branch location.

How long do transfers take?

Transfers typically take one to two business days. The amount of time depends on when the bank receives the deposit.

Can I sign up for direct deposit to Home Savings accounts?

Yes. Money can be directly deposited into Home Savings accounts.

Bank Contact Information

275 West Federal St.
Youngstown, Ohio 44503

BankTruth works to have the most up-to-date information on our website. The listings that appear on our pages are from companies from which this website may receive compensation, which may impact how, where and in what order products appear. Even so, we work hard to review banks fairly and pass the information onto you, the consumer. Please be aware that we cannot guarantee bank services and promotional offers. If you find a mistake, please contact us.

Sponsored Offers

Advertiser Disclosure
American Express
Savings (Rate as of 11/30/2023)
APY 4.30%
Rate 4.21%
For APY $1
Monthly Fee $0.00
Checkbook No
Member FDIC
Next >