Kemba Financial Credit Union Promotions: $500 Ohio Homebuyer Plus Savings Bonus (OH) (2024)

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Kemba Financial Credit Union Promotions: $500 Ohio Homebuyer Plus Savings Bonus (OH) (1)

Check out the latest Kemba Financial Credit Union promotions, bonuses, and offers here!

Right now, they’re offering a $500 bonus with the Ohio Homebuyer Plus Savings Program!

Update 4/24/24: The $500 bonus is back through 3/31/25. To qualify, you must be a Ohio Homebuyer Plus Savings Program participant.

Table of Contents

Kemba Financial Credit Union Promotions Review

KEMBA Financial Credit Union is headquartered in Gahanna and is the 3rd largest credit union in the state of Ohio. It is also the 229th largest credit union in the nation. It was established in 1933 and as of September of 2023, it had grown to 308 employees and 128,533 members at 11 locations. KEMBA Financial Credit Union has an A health rating.

Eligibility: Membership in KEMBA Financial Credit Union is open to those who live, work, worship, or attend school, in the Ohio counties of Delaware, Fairfield, Franklin, Licking, Logan, Madison, or Union, or the Ohio township of Sylvania.See current membership details

I’ll go over Kemba Financial Credit Union offers below.

Kemba Financial Credit Union $500 Ohio Homebuyer Plus Savings Bonus

  • What you’ll get: $500 bonus
  • Availability:OH (Locator)
  • Direct Deposit Requirement: No
  • Credit Inquiry: Hard Pull or Soft Pull? Let us know.
  • Monthly Fees: None
  • Early Termination Fee: Not listed
  • How to earn it:
    • Unlock owning your dream home faster with the Ohio Homebuyer Plus Savings Program and KEMBA Financial Credit Union
    • To receive the $500 matching bonus, you must deposit $500 into the Homebuyer Plus account within the first six months of opening.
    • Ohio Homebuyer Plus Participant Requirements:
      • Review the Ohio Homebuyer Plus Participation Statement from the Ohio Treasurer’s Office here
      • Be an Ohio resident at least 18 years of age
      • Have your primary residence located in the State of Ohio
      • Only use the high interest savings account proceeds toward the down payment or closing costs of a home purchased in Ohio, with the home becoming your new primary residence

(Expires 03/31/2025)

You can compare this to several great entry level checking accounts with offers include the:
U.S. Bank Smartly® Checking($700 Bonus)Chase Total Checking($300 Bonus)
Truist Checking($400 bonus)KeyBank Checking($200 bonus)
Fifth Third Bank Momentum® Checking($200 Bonus)SoFi Checking and Savings Account($325 Bonus)

How To Avoid Monthly Fees

  • Hassle-Free Checking: No monthly fee
  • High Performance Checking: $8.95 monthly fee. No monthly fees when an average daily balance of $1,000 or more is maintained in checking
  • Fresh Start Checking:
    • $8.95/month: If you have Direct Deposit of your entire payroll, pension, or Social Security check (at least $500/month) to your account
    • $10.95/month: Without direct deposit to KEMBA
  • Elements Checking: No monthly fee
  • Business Value Checking: $10 monthly fee waived with $500 average daily balance or KEMBA Advantage status
  • Business Smart Checking: Avoid $10 monthly service charge with $5,000 minimum average daily balance
Kemba Financial Credit Union Promotions: $500 Ohio Homebuyer Plus Savings Bonus (OH) (3)

Author’s Verdict

Kemba Financial Credit Union has some great promotions, bonuses, and offers.

For more current offers, check out ourbank bonuses page. Compare Kemba Financial Credit Union rates for CDs and Savings with our best rates for SavingsandCD accounts.

Be sure to check more popular bank promotions includeChase Bank,Bank of America,Citi,Discover Bank,CIT Bank,TD Bank,Huntington Bank,HSBC Bank,Wells Fargoand many more.

Editor Rating

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Disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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Kemba Financial Credit Union Promotions: $500 Ohio Homebuyer Plus Savings Bonus (OH) (5)

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*Bonus Value* is an estimated value calculated by Bankdealguy and not the card issuer.

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Kemba Financial Credit Union Promotions: $500 Ohio Homebuyer Plus Savings Bonus (OH) (2024)

FAQs

Kemba Financial Credit Union Promotions: $500 Ohio Homebuyer Plus Savings Bonus (OH)? ›

**To receive the $500 matching bonus, you must deposit $500 into the Homebuyer Plus account within the first six months of opening. A total of at least $500 must remain in the account for 90 days. At the end of the 90 days, you will be eligible for a $500 matching deposit.

What is the Ohio Homeowners Plus savings account? ›

The Ohio Homebuyer Plus creates a specialized, tax-advantaged savings account to assist Ohioans on their homebuying journey. Individuals who open an account will have access to above-market interest rates and may also qualify for certain Ohio state income tax deductions.

What is the kemba savings interest rate? ›

Share / Savings Open an account
ProductMin to Open/Obtain APYEveryday APY
Share Savings$5.000.05%
Christmas Club$0.000.10%
High Performance Checking$0 – $999.990.05%
$1,000 – $9,999.990.05%
10 more rows

What is the special CD rate at Kemba Credit Union? ›

Minimum balance to open and earn dividends: $500.00. 11 Month Special APY = 5.00% Rate = 4.88%. 17 Month Special APY = 4.75% Rate = 4.64%. Rates subject to change.

Is Kemba a credit union? ›

KEMBA Financial Credit Union was founded in 1933 as the credit union for employees of The Kroger Bakery, and stands for Kroger Employee Mutual Benefits Association. The original branch opened inside the Kroger Bakery downtown.

What is the benefit of saving plus account? ›

Savings Plus Account is a Savings Bank Account linked to MODS, wherein surplus fund above a threshold limit from the Savings Bank Account is transferred automatically to Term Deposits opened in multiples of Rs. 1000.

What is the Ohio Homebuyer Plus program? ›

In collaboration between the offices of Ohio Governor Mike DeWine and Treasurer Sprague, Ohio Homebuyer Plus creates specialized, tax-advantaged savings accounts to assist Ohioans on their homebuying journey.

Who has the highest CD rates in Ohio? ›

Summary: Best CD Rates In Ohio
Bank/Credit UnionForbes Advisor RatingAnnual Percentage Yield
Charles Schwab Bank CD OneSource4.5Up to 5.51%
Navy Federal Credit Union Standard Certificate4.52.75% to 4.80%
Fifth Third Bank Promo Certificates of Deposit4.54.10% to 4.40%
1 more row
Jun 5, 2024

What credit score does Kemba Credit Union use? ›

Credit Score, powered by SavvyMoney pulls your credit profile from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model developed collaboratively by the three major credit bureaus: Equifax, Experian, and TransUnion.

Who pays 7% interest on savings? ›

At this time, no banks offer a savings account with a 7% interest rate. If you can find a savings account with a 7% APY, you'll earn about 15X more than the national savings rate. It's much more common to find a high-yield savings account with rates between 4% and 5% right now.

Can anyone join Kemba Credit Union? ›

Kemba membership is available through many avenues. With a membership charter serving Southwestern Ohio and the Tri-State area, almost everyone is eligible to join.

Who did Kemba Credit Union merge with? ›

WUFFACE Federal Credit Union Members!

We are pleased to announce that effective April 1, 2024 WUFFACE Federal Credit Union merged into Kemba Credit Union. We are excited about this merger and look forward to serving their members and families. WE'VE MOVED OUR DOWNTOWN CINCINNATI LOCATION.

Who are the top 5 credit unions? ›

  • No. 1 — Navy Federal Credit Union.
  • No. 2 — State Employees' Credit Union.
  • No. 3 — Pentagon Federal Credit Union.
  • No. 4 — Boeing Employees' Credit Union.
  • No. 5 — SchoolsFirst Federal Credit Union.
  • No. 6 — Golden 1 Credit Union.
  • No. 7 — America First Credit Union.
  • No. 8 — Alliant Credit Union.
May 14, 2024

How does Plus Saver account work? ›

The Plus Saver Account guides you along to achieve your savings goals. No card access and a tiered interest plan means the more you save, the higher the interest you earn. To help you truly save, open a Plus Saver Account today!

What is the Ohio Energy savings Program? ›

Ohio's Energy Efficiency Program (EEP)

Funding is provided by the State of Ohio's State Energy Program (SEP) and Energy Loan Fund (ELF). The program allows dozens of manufacturers and non-manufacturers to realize cost savings and improve the efficiency of their operations.

What is the new name for Ohio Savings Bank? ›

It sent out a news release Wednesday morning announcing the change. Customers of NYCB, Flagstar and Ohio Savings Bank are now united on one platform, according to NYCB. Customers can now do online banking at flagstar.com or on a new Flagstar mobile app.

What is the Ohio homeowners tax credit? ›

The Ohio Housing Finance Agency's Mortgage Tax Credit provides homebuyers with a direct federal tax credit on a portion of mortgage interest paid, which could provide up to a $2,000 tax savings per year. Homebuyers must have a tax liability in order to use this non-refundable credit.

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