• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
APY GUY: Maximize Your Savings & Earnings

APY GUY: Maximize Your Savings & Earnings

MENUMENU
  • Saving and Spending
    • CDs
      • CD Rates Forecast 2022 – Will Rates Go Up in October and November?
      • Capital One CD Rates
      • Ally Bank CD Rates
      • Chase CD Rates
      • Citibank CD Rates
      • Discover Bank CD Rates
      • US Bank CD Rates
      • Fidelity CD Rates
      • Edward Jones CD Rates
      • Charles Schwab CD Rates
      • Navy Federal Credit Union CD Rates
      • Vanguard CD Rates
    • Savings
      • Best High Yield Online Savings Accounts for 2023
      • Affirm Savings
      • Aspiration Spend & Save
      • Bask Bank High Interest Savings
      • Citi Accelerate Savings
      • Citizens Access Online Savings Account – 2.35% APY!
      • Fitness Bank Savings Review – Now up to 3.60% APY!
      • LendingClub High Yield Savings – Now 2.75% APY!
      • Smarty Pig
      • Synchrony High Yield Savings Account – Now 2.45% APY!
      • UFB Direct Savings Account – Now 3.01% APY!
      • Alternatives to CDs and Savings
    • Checking & Debit
      • 25+ Best Debit Cards for Kids & Teens [December, 2022]
      • Best Bank Promotions & Cash Bonuses for 2022
      • Citibank Checking Account Bonuses
      • Huntington Bank Bonuses
      • PNC Bank Bonuses
      • Truist Bank Bonuses
      • Wells Fargo Checking Account Bonus
      • Chase First Banking
      • Fidelity Youth Account
      • Verizon Family Money
      • Copper Banking
      • BusyKid
      • Greenlight
  • Investing
    • Real Estate
      • Top 8 Real Estate Crowdfunding Platforms for 2022
      • Yieldstreet Review 2022 – 9.71% Avg Annual Returns
      • CrowdStreet
      • Fundrise Review: Compare Annual Returns vs Competitors
    • Stocks & More
      • Best Stock Screening Service
      • MotleyFool
      • Stansberry Research
      • Seeking Alpha
      • Zacks Investment Research
      • Citi Personal Wealth Management
      • Robinhood Cash Management
      • Fidelity Cash Management
You are here: Home / CD Rates / Huntington Bank CD Rates – Now up to 4.34% APY!

Huntington Bank CD Rates – Now up to 4.34% APY!

Lauren Graves
January 18, 2023

[📌 Update January, 2023: Huntington Bank raised the rate on their 14 month promotional CD (certificate of deposit) in anticipation of another FED rate hike, albeit likely a smaller one, at the end of this month. That account now provides an APY (annual percentage yield) of 4.34%. This is up from 4.08% APY late last year. See all of Huntington Bank’s CD rates below.]

image credit: huntington.com

Originally founded as The Huntington National Bank in 1866 in Columbus, Ohio, Huntington Bank has maintained its regional status over the years despite several mergers and acquisitions and hefty asset growth.

Today, Huntington Bank is the 28th largest U.S. bank by asset size with over $113.8 billion in assets and $90.7 billion in deposits.

The regional bank serves seven states in the Midwest:

  • Ohio,
  • Illinois,
  • Indiana,
  • Kentucky,
  • Michigan,
  • Pennsylvania,
  • and West Virginia.

The holding company of which Huntington Bank is the banking subsidiary is called Huntington Bancshares. This entity trades on the NASDAQ under the ticker HBAN.

If you’re a consumer looking to earn a good rate of return on the money you deposit, this bank leaves much to be desired.

Its deposit products—CD and money market accounts, specifically—are far from competitive and even lag the national average currently.

That said, the bank has good branch and service accessibility and lets you waive account fees fairly easily, so if you can look past low APYs, there are some advantages.

In this review we’ll be looking at Huntington Bank’s CD Rates and Relationship Money market account.

In this post you'll learn:

  • Huntington Bank CD Rates + Account Details
  • Promotional CD Rates
  • Standard CD Rates
  • Compounding and Paying Interest
  • Early Withdrawal Penalties
  • Grace Period
  • Huntington Bank Relationship Money Market Account Rate + Details
  • Money Market Rates
  • Avoid Fees
  • Huntington Bank Account Features + Customer Sentiment

Huntington Bank CD Rates + Account Details

Huntington Bank’s deposit products are insured by the FDIC up to $250k per depositor or $500k on joint accounts.

Their CD rates remain largely uncompetitive at the moment other than their 14 month promotional CD. This is on par with what we see at many large national banks today, such as Bank of America or Wells Fargo, who have very little incentive to attract new savers with high returns even as the FED continues to raise rates.

We should note that following the most recent rate hike by the FED on December 14th of last year, even these large banks are now slowly starting to add one or two promotional certificates of deposits that come with higher yields to their overall product suite.

All Huntington Bank certificates of deposit require a minimum opening deposit of $1,000.

Promotional CD Rates

TermAPY
14 month4.34%
APY = Annual Percentage Yield

This 14 month promotional CD is Huntington Bank’s most competitive CD account. They also offer a promotional 425 day CD for jumbo accounts with deposits of $100,000 or more. That product also earns 4.34% APY.

Standard CD Rates

TermAPY
1 month0.05%
3 months0.05%
6 months0.10%
9 months0.10%
12 months0.10%
18 months0.10%
24 months0.10%
36 months0.10%
48 months0.10%
60 months0.10%
72 months0.10%
APY = Annual Percentage Yield

To give these yields (above) some context, the current national average on a 12 month CD and a 60 month CD sit at just 1.28% APY and 1.21% APY, respectively, according to FDIC data.

Compounding and Paying Interest

Interest is compounded daily and credited either monthly, quarterly, semi-annually, annually, or at maturity. You get to choose the frequency.

Huntington Bank offers Jumbo CDs and IRA CDs as well however these all come with the same yields shown above. Certificates with balances of $100,000 are considered to be Jumbo CDs. This bank has also offered promotional deposits in the past, but is not running any at this time.

Early Withdrawal Penalties

If you need access to your funds prior to the maturity date of your Huntington Bank CD you will incur the following penalties:

  • For terms of 91 days or less, you will owe the full term of your account in simple interest.
  • For terms of 92 days to 1 year, the penalty is 3 months interest.
  • For terms of 1 year to 18 months, the penalty is 6 months interest.
  • Finally, for terms of more than 18 months, the penalty is 12 months interest.

The minimum early withdrawal penalty is 7 days interest.

Grace Period

There is a standard grace period of 10 days for Huntington Bank CDs in which you can withdraw or add funds to your deposit. All accounts are automatically renewable unless you specifically request otherwise except for accounts used for public funds or those with opening balances of $100,000 or more with a term of less than one month. These are not eligible for automatic renewal.

Huntington Bank Relationship Money Market Account Rate + Details

A Huntington Bank Relationship Money Market account now offers competitive yields but also comes with a significantly steeper minimum deposit requirement of $25,000.

The precise interest rate you’ll earn, however, depends on your “relationship” with the bank. And by this, they mean which other accounts you hold with them.

The rate table below shows the APY you’ll earn based on the type of account(s) you hold.

Money Market Rates

Account HeldAPY on money market
Standard3.45%
Huntington Perks Checking3.51%
Huntington Platinum Perks Checking3.56%
Private Client Account3.66%
APY = Annual Percentage Yield

To put these yields in perspective the current national average for a money market account with a balance of less than $100,000 is 0.44% APY.

That said, there are a number of FDIC-insured online banks with savings accounts and/or money market accounts with rates above 4.00% APY and minimum balance requirements of less than $1,000.

Interest is compounded monthly and credited monthly.

Avoid Fees

These accounts have the potential to ding you $25/month in maintenance fees. Here’s how to avoid that:

  1. Maintain an average daily balance of at least $25,000 (which is also the only way to earn dividends on your balance).
  2. Maintain either a Huntington Perks Checking or Huntington Platinum Perks Checking account.

A Huntington Bank money market account does have check-writing capabilities, but their checking accounts do.

Huntington Bank Fee Schedule

TypeFee
Wire Transfers – Domestic Incoming $15
Wire Transfers – Domestic Outgoing $25
Wire Transfers – International Incoming $15
Wire Transfers – International Outgoing $75
Stop Payment$31
Return Deposit Item$10
Foreign Currency Fee$8 (exchange rates apply)
Expedited Delivery$25 (debit or ATM card)
Cashier Check$6

Checks are also available but the cost per box varies based on design.

If you plan on using a Huntington Bank ATM card you’ll want to note that Huntington Bank charges a $3 fee for each out of network cash withdrawal on top of whatever the ATM owner charges.

Huntington Bank Account Features + Customer Sentiment

One of the noteworthy account features across many Huntington Bank accounts is the 24-Hour Grace, which is basically built-in overdraft protection.

This protection feature will give you 24 hours to make a deposit to bring your balance positive in the event of an overdraft. It is applied for free to all checking, savings, and money market accounts with Huntington Bank.

Relationship rate benefits take certain decent Huntington Bank products—like savings and money market accounts—and make them better. So if you intend to join Huntington, know that you will get the most out of this membership if you have multiple accounts with the bank.

This bank hasn’t received the best ratings from other review sites online with scores ranging between 1.5 (ConsumerAffairs) and 3.5 (WalletHub) stars. That said, the majority of the dis-satisfaction tends to reside on the loan site with mortgage and auto loan clients being the most vocal about their negative experiences.

The Huntington Bank app has a 4-star rating on Google Play and a 4.8-star rating on the App Store. This app has been praised for being comprehensive and having unique features that you don’t always see in a banking app.

You can reach customer service in a number of ways. You can call (800) 480-2265 from 7:00 AM to 7:00 PM ET, live chat with a representative through the Huntington website, tweet @AskHuntington, or even direct message the bank on Facebook.

Customer service isn’t the only important aspect of overall banking experience. As mentioned, Huntington Bank has great accessibility. There are over 800 Huntington Bank branches and 1,400 ATMs across Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia, and this bank does a good job of placing its branches strategically for maximum convenience. Case in point, if you live in the Midwest, you’ve probably even seen a Huntington Bank hub in your local grocery store.

Huntington Bank customers can make ATM and mobile deposits up to midnight with All Day Deposit.

ABOUT THE AUTHOR

Lauren Graves: Lauren is a writer and editor specializing in personal finance and education. She works for the digital publishing company, Dotdash, as a content update editor and writes for SavingforCollege when she's not writing for APYGUY. A former educator, she is passionate about teaching and hopes to help others save and spend smarter through accessible and informative writing.
Read More

Filed Under: CD Rates

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

APY Updates

  • Bank of America CD Rates – Now up to 3.90% APY!
    February 4, 2023
  • Edward Jones CD Rates – Now Up to 4.70% APY!
    February 3, 2023
  • BMO Harris Online Savings Account – Up to 4.20% APY!
    February 3, 2023
  • Cambridge Savings Bank CD Rates – Up to 4.75% APY!
    February 2, 2023
  • Ivy Bank Review – Deposit Rates up to 4.85% APY!
    February 2, 2023
  • Capital One CD Rates – Now up to 5.00% APY!
    February 2, 2023
  • Washington Federal CD Rates – Now up to 4.00% APY!
    February 1, 2023

The Big Banks

  • Bank of America CD Rates
  • Capital One CD Rates
  • Citibank CD Rates
  • Chase Bank CD Rates
  • Wells Fargo CD Rates
  • U.S. Bank CD Rates

Noteworthy Credit Unions

  • Navy Federal Credit Union CDs and Savings
  • Patelco Credit Union CDs and Savings
  • PenFed CDs and Savings
  • Connexus Credit Union CDs and Money Market

Brokered CDs

  • Edwards Jones
  • Charles Schwab
  • Fidelity
  • Vanguard

Alternatives

  • 12 Alternatives to CDs and Savings Accounts

Real Estate Investment Platforms

  • Fundrise - up to 22% Returns
  • CrowdStreet - up to 17.1% Returns
  • Yieldstreet - Avg 10.61% Returns

Footer

Disclaimer

APY GUY strives to keep its information as accurate and up to date as possible. This information may be different than what you see at a bank, credit union or other financial institution. This applies to both in person visits and their website(s). Any financial products or services represented or discussed on this website are without warranty. When evaluating offers viewed on APYGUY.com, please read the financial institution’s Terms and Conditions.

About Us. Privacy Policy. Terms Of Use. How We Make Money.

Categories

Connect with Us:

  • Email
  • Facebook
  • LinkedIn
  • Twitter

Know of a fantastic APY offered by your local bank or credit union?

Don’t be shy, please share!

Send an email to hello@apyguy.com with the name of the institution, rate (APY) and type of product.

Our editorial staff will confirm the product, rate and APY (annual percentage yield) with the institution and publish it immediately for our viewers.

Copyright © 2023 - APYGUY: Maximize Your Savings & Earnings

Home>CD Rates>Huntington Bank CD Rates – Now up to 4.34% APY!