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Our savings account designed for first time homebuyers puts owning a home within reach.

Let’s make your dream of owning your own home a reality with the FAIRWINDS My First Home Savings Account. With special benefits and incentives, this account makes it easy and efficient to save for your down payment.

Jump start your savings with a higher interest rate than our Regular Savings Account. Plus, after 12 months of saving at least $250 a month, you'll also be eligible to receive a $1,500 credit toward your closing costs* on a future FAIRWINDS mortgage. Your future home is waiting - get started today!

The Features

  • This account is set up as a 12-month term Certificate of Deposit, but provides you the ability to make unlimited deposits at any time.
  • After saving at least $250 per month for 12 months, we'll help with $1,500 toward your closing costs if you finance your mortgage with FAIRWINDS.
  • Deposit money any time, anywhere! My First Home Savings can be contributed to via:
    • ACH
    • Branch deposit
    • Mail
    • Remote deposit
    • Online transfer

Ready to Start?

Visit a branch today and tell them, "I want to start saving for my first home!"

Find a Branch

The Details

Current Rate — 0.55% APY

Minimum to Open — $100

Must contribute a minimum of $250 per month for at least 12 months to earn the closing cost credit. Only one monthly deposit can be skipped each year.

Early withdrawal penalties apply if withdrawals are made outside of maturity without a contract for home purchase. Mortgage does not have to be with FAIRWINDS in order to waive penalty.

This offer cannot be combined with any other offers. Closing costs offer applies only to conventional mortgage products on a primary residence financed with FAIRWINDS.

See Service Charge Schedule for additional fees that apply to all FAIRWINDS accounts.

APY = Annual Percentage Yield
* Cannot be combined with any other offer.