My First Home Savings Account

Make first-time homebuying easier and more affordable with a savings account that can help you set aside funds toward your future down payment. You can also receive $1,500 toward your closing costs on your FAIRWINDS mortgage, helping you save even more.*

Family enjoying moving in to new house.

Account Details

  • Current Rate — ... APY**

  • $100 minimum opening deposit

  • To earn the $1,500 credit toward closing costs, deposit a minimum of $100 per month for at least 12 months.

  • Only one monthly deposit can be skipped each year.

  • My First Home Savings is available to members who currently do not own a home, do not have a mortgage, or have not had owner interest in a property for at least three years.

  • This account is set up as a 12-month term Certificate of Deposit.

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

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

Tools to Help You Save

Free Budgeting Tools

Track and adjust your spending, pay off debt, and save more, all from your mobile device.

Connect with a Mortgage Expert

Schedule a complimentary introductory consultation with one of our Mortgage Experts.

Money Milestones

Answer a few quick questions to find out where you’re at with your finances and see which Money Milestone you’re on. Knowing your Money Milestone can help you focus on what you’re doing well and how you can go further.