Citizens Bank HomeBuyer Savings®

Preparing for home ownership? We can help make saving for your down payment easier with a $1,000 credit toward closing costs on your Citizens Bank mortgage once program requirements are met.


Monthly maintenance fee
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Variable interest rate
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How It Works

A new home is one of the biggest purchases you can make. This plan will help you be better prepared when the time comes.1

Start saving and earn a reward in three easy steps:

  1. Open an account and save a minimum of $100 a month for 36 months.
  2. Contact Citizens Bank to help you find the right mortgage, and you’ll also learn about ways to check your credit while you save.
  3. Receive $1,000 credit toward the closing costs on your Citizens Bank mortgage.

While this home savings plan is designed to help you get started, you may need to save more to achieve your goals. Use our online calculator to determine the right home savings plan for you.


Customer service support and guidance


Monthly reminders help you stay on track

Ready to apply?

Here’s what you need to get started:

  • US citizens and resident aliens 18 or older can apply
  • Social security number
  • Driver’s license or state ID number
  • Current contact information (e.g, address, phone number, email)
  • A check, credit card or debit card to fund your account

1 Minimum to open $100. Terms, conditions and withdrawal limitations apply. This does not represent a formal commitment for and participation in this savings plan does not guarantee that we will provide you with a mortgage loan. To obtain the $1,000 credit on your Citizens Bank mortgage, you must make net deposits of $100 minimum per month for 36 months. One missed deposit allowed per year. You must separately qualify, be approved and close on a mortgage loan with us within three years after the end of the three-year savings period. Your account must remain open until you close on a mortgage loan with us to receive credit. One credit per mortgage loan.

2 Unlimited in-branch transactions. Reg D limits certain types of transactions to no more than 6 per calendar month, including: telephone transfers, online transfers, overdraft protection transfers, automatic interest transfers from the savings account, any pre-authorized or automatic debits, outgoing wire transfers. If you exceed these limits 3 times or more during any consecutive 12-calendar month period, you will no longer be eligible for the Bonus/Credit and we will, as applicable, transfer the funds in your savings account to a savings account that does not pay interest. We may, however, transfer your funds sooner if you significantly exceed these transfer limits in any one month.