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Idaho First-time Home Buyer Savings

Pictures of first time homebuyers smiling and celebrating in their new home.

The Idaho First-Time Home Buyer1 (FTHB) Savings helps you save for your first home with tax advantages2 available from the State of Idaho. You can deduct contributions and interest for an Idaho FTHB account on your Idaho income tax return for the year you made the contributions and earned the interest.

You can deduct the full amount of contributions and interest up to a maximum of:

  • $15,000 for a single person or married person filing separately.
  • $30,000 for a married couple filing jointly.

On your Idaho income tax return, you'll need to provide basic information about this account. Your financial institution will send you a form with this information each January.

Start Your First-Time Home Buyer Savings

Save For Your First Home with Tax Advantages

Save up to $15,000 for a single person or $30,000 for a married couple filing jointly per calendar year and claim a deduction on your Idaho tax return when using the funds to buy your first Idaho home. It's a great way to save for your home and save on your Idaho taxes!

Benefits & Features

  • No minimum opening deposit required.
  • No monthly service charges.
  • No transaction fees.
  • Save up to $15,000 for individuals or $30,000 for couples per year (No withdrawals are allowed from the account within the first 30 days after account opening).
  • Balance may not exceed $100,000 over the lifetime of the account.
  • Dividends are compounded and credited quarterly.
  • Free eBanking and online eStatements.
  • Free Credit Score and monitoring with SavvyMoney®
  • Federally insured by NCUA.
  • Tax-free withdrawals when used to pay for eligible home costs, such as the down payment, fees or taxes for the purchase of a single-family Idaho residence.

Idaho FTBH Savings

Idaho FTHB Savings Account Rates

Idaho FTHB Savings rates.
Minimum BalanceDividend RateAPY3

Minimum Balance to Open Idaho FTHB savings.

Monthly Service Fee for Idaho FTHB savings account.

Request a First-Time Home Buyer Savings Account

Apply online to open a Idaho First-Time Home Buyer Savings account or stop by any of our locations.

Apply Online

Idaho FTHB Resources

Get help achieving your goals when saving to buy your first home.

Idaho State Tax Commission

The Idaho State Tax Commission has plenty of information available to help you get ready to start saving for your first home.



1 First-Time Homebuyer for this purpose means an individual who resides in Idaho, who has filed an income tax return in Idaho for the most recent taxable year, and who does not own, either individually or jointly, a single-family or multi-family residence. They have never owned or purchased, either individually or jointly, a single-family residence in any location.

2 Consult your tax adviser regarding potential tax benefits. For detailed information on how to use this account, please visit Idaho FTHB Savings Account on

3 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date and may change after the account is opened. Fees or other conditions could reduce the earnings on the account.