Huntington Bank Reviews: Checking, Savings, CD, and Money Market Rates

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Huntington Bank’s Checking Account Options

Huntington 25 Checking

The Huntington 25 Checking account touts higher interest rates, along with unlimited non-Huntington ATM withdrawals. It is highlighted as the bank’s high-interest and high-yield checking account.

APY

Minimum Balance Amount

0.10%

$0

  • Minimum opening deposit: No minimum deposit needed to open account.
  • Monthly account maintenance fee: $25 (waived if total relationship balance is $25,000 or greater)
  • ATM fee: No fee for Huntington Bank ATMs, $3 fee per non-Huntington Bank ATM transaction, plus applicable fees from out-of-network ATM as applicable.
  • ATM fee refund: N/A
  • Overdraft fee: Huntington Bank offers 24-Hour Grace® overdraft protection. After 24 hours, if adequate funds have not been deposited in the account, an overdraft fee of $37.50 will be charged. The first overdraft occurrence in the prior 1-year period is $23.

This checking account is best suited for a client who wishes to maintain a substantial amount of assets with the bank, otherwise the fees can add up quickly. This account would be best paired with one of the bank’s money market accounts in order to meet that minimum asset requirement.

The unlimited ATM access that comes with this account makes this checking account ideal for someone who travels frequently and is not in one of Huntington’s primarily Midwest locations.

This account comes with the basic amenities Huntington Bank provides on all checking accounts including All Day DepositSM through its ATMs and mobile app — with a deposit day that ends at midnight and not when the branch closes. Account holders also get free mobile banking, free online bill pay and free account alerts.

With its $25,000 minimum to waive the monthly fee, the account could be a better option for someone looking to get a premium for maintaining a high checking account balance. This account can also be linked with a the bank’s Voice Credit Card® and account holders will earn addition credit card rewards by maintaining a Huntington 25 Checking account while using the credit card. Account holders who opt to open a Money Market account with Huntington Bank can also receive an interest bump for higher earnings.

How to get Huntington Bank’s Huntington 25 Checking

You can apply to open a Huntington 25 Checking account online via the bank’s website or apply in person at any Huntington Bank location. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a U.S. government-issued ID — like a driver’s license or passport — ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

Huntington 5 Checking

Huntington 5 Checking is Huntington Bank’s basic interest-bearing checking account. In addition to offering interest, this account also allows with up to five non-Huntington ATM transactions fees waived per statement.

APY

Minimum Balance Amount

0.05%

$0

  • Minimum opening deposit: No minimum deposit needed to open account.
  • Monthly account maintenance fee: $5 (waived if total relationship balance is $5,000 or greater)
  • ATM fee: No fee for Huntington Bank ATMs, $3 fee per non-Huntington Bank ATM transaction, plus applicable fees from out-of-network ATM as applicable.
  • ATM fee refund: N/A
  • Overdraft fee: Huntington Bank offers 24-Hour Grace® overdraft protection. After this time period elapses, if proper funds have not been deposited, an overdraft fee of $37.50 will be charged. The first overdraft occurrence in the prior 1-year period is $23.

The Huntington 5 Checking account requires a minimum relationship balance to waive the monthly fee, but it’s a lower balance than is required for their premium checking account. This is a mid-range checking account for someone who is focused on saving and having a cushion in their checking and/or savings accounts. They may be using their accounts as a small investment vehicle or saving for something short-term, maintaining more than the minimum balance.

While this account pays interest on balances below the minimum $5,000, falling below this level will result in a monthly maintenance fee. This account also does not come with free checks, so consumers should be aware they will foot the cost.

This account can also be linked with a Huntington Voice Credit Card and account holders will earn additional credit card rewards by maintaining a Huntington 5 Checking account while using the credit card. Account holders who opt to open a money market account with Huntington Bank can also receive an interest bump for higher earnings.

How to get Huntington Bank’s Huntington 5 Checking

Consumers can apply to open a Huntington 5 Checking account online via the bank’s website or apply in person at any Huntington Bank location. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a government-issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

Asterisk-Free Checking

Huntington Bank’s Asterisk-Free Checking is the institution’s most basic checking account. It doesn’t pay interest and it offers few perks, but there also aren’t many penalties. It’s sort of a no-strings attached account and is marketed that way to consumers.
  • Minimum opening deposit: No minimum deposit needed to open account.
  • Monthly account maintenance fee: None
  • ATM fee: No fee for Huntington Bank ATMs, $3 fee per non-Huntington Bank ATM transaction, plus applicable fees from out-of-network ATM as applicable.
  • ATM fee refund: N/A
  • Overdraft fee: Huntington Bank offers 24-Hour Grace® overdraft protection. After this time period elapses, if proper funds have not been deposited in the account by the account owner, an overdraft fee of $37.50 will be charged. The first overdraft occurrence in the prior 1-year period is $23.

The trade-off on Huntington Bank’s Asterisk-Free Checking account is that while you earn no interest, you won’t have a minimum balance requirement or pay monthly maintenance fees. This account could be a good option for a recent high school or college graduate or a young adult who doesn’t want to pay fees but also doesn’t have a lot of money to maintain a minimum balance. The account could also be the right fit for a young person relocating to one of the states where Huntington operates and is seeking to establish a local banking relationship.

Because this account has no maintenance fees, the consumer will pay for any extras as needed including reordering checks and making non-Huntington Bank ATM withdrawals. However, because all Huntington Bank checking accounts come with the 24-Hour Grace® policy, this account does not charge higher overdraft fees than any other Huntington checking account. This is a nice bonus, again, especially for a younger person who may be new to managing their own finances and could accidentally overdraw their account.

This is truly a basic, no-frills checking account and it’s nice to find one with no fees and no minimum balance when many banks have switched to requiring a minimum balance at all times as a way to generate fees on a regular basis when consumers dip below that balance.

How to get Huntington Bank’s Asterisk-Free Checking

Consumers can apply to open an Asterisk-Free Checking account online via the bank’s website or apply in person at any Huntington Bank location. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a government issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

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How Huntington’s checking accounts compare

There are checking accounts with better interest rates elsewhere, especially if account holders want to switch to an online checking account. However, with Huntington Bank’s Asterisk-Free Checking account offering both no interest income but requiring no minimum balance – it’s on par with what some other banks offer in a no-frills checking account.

The bank’s other checking accounts — the Huntington 25 Checking and Huntington 5 Checking — aren’t anything to write home about but are basic accounts for those living in the Midwest who want a small-town banking feel, big bank amenities and access to its regional locations and ATMs.

Huntington Bank’s Savings Account Options

Huntington Relationship Savings

The Huntington Relationship Savings account offers an attractive interest rate on any balance and allows account holders to add to their nest egg.

Standard APY

APY with a Huntington 5 Checking account

APY with a Huntington 25 Checking account

Minimum Balance Amount

0.05%

0.05%

0.20%

$0.01

  • Minimum opening deposit: $2,500
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: $10 (waived with average daily balance of $2,500 or when linked to an interest-bearing Huntington Checking account.
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

The Huntington Relationship Savings account is designed for customers who want to save more and build up a nest egg. This account offers a higher interest rate than Huntington’s Premier Savings account. When opened in conjunction with a Huntington Bank checking account, the bank will offer a bump on the interest rate.

This savings account comes with overdraft protection when linked to a Huntington checking account. There is also no monthly maintenance fee when a minimum account balance and other requirements are met.

Similar to the bank’s checking accounts, the Huntington Bank Relationship Savings account also comes with 24-Hour Grace® protection for overdraft, All Day DepositSM and functionality with a mobile app. The account also comes with an ATM card.

Per Federal Reserve Regulation D, which regulates reserve requirements for banking institutions and limits the number of preauthorized withdrawals and transfers that consumers can make from a savings account or money market account, Huntington may charge a fee, close the account or convert the account to a checking account as a result of excessive withdrawals.

How to get Huntington Bank’s Huntington Relationship Savings

Consumers can apply to open a Huntington Relationship Savings account online via the bank’s website or apply in person at any Huntington Bank location. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a government-issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

Huntington Premier Savings

Huntington Bank’s Huntington Premier Savings account is a basic savings account and touted as a way for customers to begin building their personal savings.

APY

Minimum Balance Amount

0.02%

$0.01

  • Minimum opening deposit: $50
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: $4 (waived with minimum balance of $300 or when linked to a non-interest bearing checking account).
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

The Huntington Premier Savings account is a simple way to begin saving. This account is best for a younger person who is starting out on their journey to savings or anyone who is new to building a savings account nest egg.

This account offers interest, although at not as high a rate as on other accounts offered by Huntington. Like other accounts, the Huntington Premier Savings account comes with the bank’s 24-Hour Grace® overdraft protection, a free mobile app, ATM card to access the account and all-day deposit.

While this account does offer interest, which is an added bonus on any account, the rate does not increase as the customer’s balance increases.

Per Federal Reserve Regulation D, which regulates reserve requirements for banking institutions and limits the number of preauthorized withdrawals and transfers that consumers can make from a savings account or money market account, banks may charge a fee, close the account or convert the account to a checking account as a result of excess withdrawals.

How to get Huntington Bank’s Premier Savings

Consumers can apply to open a Huntington Premier Savings account online via the bank’s website or apply in person at any Huntington Bank location. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a U.S.-government issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

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How Huntington’s savings accounts compare

Both the Huntington Bank Relationship Savings account and Huntington Bank Premier Savings account offer interest and the ability to link to a corresponding checking account. However, in terms of interest rate, neither account comes close to the top-earning savings accounts available today.

The minimum balance requirement on the Huntington Bank Relationship Savings account is higher than other top performing savings accounts, with not much interest offered in return. The minimum balance on the Huntington Bank Premier Savings account is more comparable to the top savings accounts available.

While neither of the Huntington Bank savings accounts are top performers in terms of interest, the accounts are an accessible option for individuals who do not wish to do online-only banking or who appreciate a brick-and-mortar option.

Huntington Bank’s CD Rates

Promotional Fixed Rate CDs

These Huntington Bank CD rates are promotional and could vary by branch or region. The rates and terms may change.

Term

APY

14 months

2.00%

19 months

2.50%

  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: A penalty will be imposed for early withdrawal.

Huntington Bank’s Promotional Fixed Rate CDs showcase the bank’s best low-balance CD rates. In order to participate in this promotion, the investor must sign up before the promotion period ends.

These CDs are a nice option for someone looking to invest in or try out a CD without a significant long-term commitment. Funds from the CD will be available for use again within a few months, as opposed to the two-year, or longer, commitment, many traditional CDs require.

How to get Huntington Bank’s Promotional Fixed Rate CDs

Consumers can apply to open a Huntington Bank Promotional Fixed Rate CD in person at any Huntington Bank branch. Huntington Bank operates locations in Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, West Virginia and Wisconsin. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a government-issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

Fixed Rate CDs

Huntington Bank Fixed Rate CDs provide an investment option at a specific interest rate for a specific period of time ranging from a month to several years, depending on the CD product selected.

Term

APY

1 to 3 months

0.01%

6 to 18 months

0.10%

24 months

0.15%

36 months

0.20%

48 months

0.35%

60 to 72 months

0.55%

  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: A penalty will be imposed for early withdrawal.

Huntington Bank’s Fixed Rate CDs are best for customers who can commit to investing and not withdrawing their money for at least five years – or more. By investing in the longest term, the interest rate will be highest.

These CDs require a modest initial investment and provide an opportunity to try CD investing with low risk. In addition, the rate is fixed so the investor will not need to worry about rates changing over the investment period.

How to get Huntington Bank’s Fixed Rate CDs

Consumers can apply to open a Huntington Bank Fixed Rate CD in person at their local Huntington Bank branch. Huntington Bank operates locations in Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, West Virginia and Wisconsin. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a government-issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

Jumbo Fixed Rate CDs

Huntington Bank’s Jumbo Fixed Rate CDs offer an opportunity to lock in a higher interest rate on a high balance when invested for the long term.

Term

APY

7 to 90 days

0.01%

180 to 547 days

0.10%

730 to 912 days

0.15%

1095 days

0.20%

1460 days

0.35%

1825 days

0.55%

  • Minimum opening deposit: $100,000
  • Minimum balance amount to earn APY: $100,000
  • Early withdrawal penalty: A penalty will be imposed for early withdrawal.

The Huntington Bank Jumbo Fixed Rate CDs are best for individuals with a large amount of money that they wish to invest for the long-term. The jumbo rate CD offers the highest interest rate but also keeps the money inaccessible for the longest period of time.

These CDs are a good option for individuals who want to build wealth with a conservative investment risk approach and are able to commit to investing money for the long term without any early withdrawals. There is a minimum deposit amount required to open a Jumbo Fixed Rate CD.

How to get Huntington Bank’s Jumbo Fixed Rate CDs

Consumers can apply to open a Huntington Bank Jumbo Fixed Rate CD in person at their local Huntington Bank branch. Huntington Bank operates locations in Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, West Virginia and Wisconsin. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a government-issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

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How Huntington’s CD rates compare

Huntington Bank’s Promotional Fixed Rate CD actually brings a decent rate in today’s market and should be looked at as a short-term investment option. In contrast, the jumbo CD and non-promotional CDs are nothing to write home about. Our Best CD Rates page lists the current best offers available for CDs.

Huntington Bank’s Money Market Account Options

Huntington Relationship Money Market Account

The Huntington Relationship Money Market Account offers competitive interest rates on a savings account with a high balance.

Standard APY

APY with a Huntington 5 Checking account

APY with a Huntington 25 Checking account

APY with another Huntington Checking account

Minimum Balance Amount

1.50%

2.02%

2.02%

2.02%

$25,000.00 to $2,000,000.99

0.25%

0.25%

0.25%

0.25%

$2,000,001.00 to $99,999,999,999.99

  • Minimum opening deposit: $25,000
  • Minimum balance to earn APY: $25,000
  • Monthly account maintenance fee: $25 (waived with an average daily balance of $25,000 or when linked to an interest bearing checking account).
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

The Huntington Bank Relationship Money Market Account is best for individuals with a large amount of money to place in a savings account – and to keep it there. This account has a large, $25,000 minimum balance requirement in order to avoid all fees and to maintain a higher interest rate.

This account is best for someone with a larger nest egg or someone who desires to build upon their nest egg and does not anticipate frequent or large withdrawals. However, once this account caps out at a certain balance the interest rate does drop.

There are no monthly maintenance fees on this account with the minimum balance is maintained. This account also receives an interest rate bump — an additional 0.01% in most cases — when paired with the opening of an interest bearing Huntington Bank checking account. This account comes with all of the basic Huntington Bank perks including free mobile app, All Day DepositSM and overdraft protection.

Per Federal Reserve Regulation D, which regulates reserve requirements for banking institutions and limits the number of preauthorized withdrawals and transfers that consumers can make from a savings account or money market account, banks may charge a fee, close the account or convert the account to a checking account as a result of excess withdrawals.

How to get Huntington Bank’s Huntington Relationship Money Market Account

Consumers can apply to open a Huntington Premier Savings account online via the bank’s website or apply in person at any Huntington Bank location. Applicants must be age 18 or older, a U.S. citizen, a resident of one of the states Huntington Bank operates a location in, and have a government-issued ID ready along with their Social Security number.

LEARN MORE Secured

on Huntington National Bank’s secure website

Member FDIC

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How Huntington’s money market account compares

The minimum opening balance to receive interest on the Huntington Relationship Money Market is quite high. There are better earning money market accounts elsewhere.

Overall review of Huntington’s banking products

Huntington Bank’s personal banking products don’t offer the best interest rates available. However, they make up for it in terms of offering a small bank feel on a regional level. The 24-Hour Grace® policy for overdraft protection can save headaches in the case of an accidental overdraw.

In addition, the Huntington Asterisk-Free Checking account is a nice option for a no-fee, no-interest account – basically no frills. Many of the basic products available from Huntington Bank are good options for young adults or those new to personal banking.

As noted earlier, Huntington Bank only does business with those who reside within the handful of Midwestern states where the bank operates. Products and services are offered on a regional, not national, level.

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Holly Hammersmith
Holly Hammersmith |

Holly Hammersmith is a writer at MagnifyMoney. You can email Holly here