Huntington Bank CD rates July 2024

Huntington Bank certificates of deposit (CDs) stand out when it comes to their promotional and jumbo rate products. But if you’re looking for more term options through their standard rates, you’ll likely be disappointed by their low rates.

Annual percentage yields (APYs) and account details are accurate as of June 26, 2024. Rates are based on the zip code 44136.

Overview of Huntington Bank CDs

Huntington Bank offers the following rates/certificates of deposit:

• Huntington Promotional Fixed Rate certificates of deposit offer much higher APYs than standard rates, but the terms are on the shorter side and there are fewer options to choose from. (Only seven- and 11-month options are available). The seven-month term comes with a 5.13% APY, which is among the best CD rates available today. The downside is that you only get to lock in that rate for less than a year.
• Standard Rates come with low interest rates, with the highest being just 0.50% APY. The advantage is that terms range anywhere between one and 72 months, making it easy to create a CD ladder based on your own schedule. But you won’t move the needle on your balance very much with such low APYs.
• Fixed-Rate CDs are for deposits less than $100,000. Promotional rates are offered on four out of the 15 terms offered for this CD.
• Huntington Promotional Jumbo Fixed Rate CDs are designed for large deposits of $100,000 or more. Huntington Bank currently has one of the best jumbo CD rates, with the highest promotional rate at 5.13% APY for a 215-day term.

OVERVIEW
Minimum deposit	$1,000 for Fixed-Rate CDs; $100,000 for Jumbo Fixed-Rate CDs
Term lengths	Fixed-Rate CDs: 1, 3, 6, 7, 9, 11, 12, 17, 18, 24, 25, 36, 48, 60 and 72 months (additional terms available on Jumbo Fixed-Rate CDs)
Compounding schedule	Daily
Early withdrawal penalty	CDs with terms of 12 months or less will be charged three months interest. Terms between 12 and 18 months will be charged 6 months of interest. Terms longer than 18 months will be charged 12 months of interest
Grace period for penalty-free withdrawals after maturity	10 days

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How much can you earn with Huntington Bank CDs

The Huntington Standard Fixed Rate certificates of deposit terms as short as one month and as long as 72 months. Here’s how much you can expect to earn on $10,000 in savings.

TERM LENGTH	APY	INTEREST EARNINGS
1 month	0.50%	$4.17
3 month	0.50%	$12.51
6 month	0.50%	$25.03
7 month	5.13%*	$280.69
9 month	0.50%	$37.57
11 month	4.34%*	$397.25
12 month	0.50%	$50.12
18 month	0.50%	$75.28
24 month	0.50%	$100.50
36 month	0.50%	$151.13
48 month	0.50%	$202.01
60 month	0.50%	$253.15
72 month	0.50%	$304.54

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^{*Promotional rate}

How Huntington Bank CD rates compare

Many of Huntington Bank’s promotional rates are well above the national average. While the term options to receive promotional rates are limited, they’re worth checking out, especially when comparing one-year CD rates or less.

Huntington Bank doesn’t offer promotional rates on CDs beyond 25-month terms and their standard rates are below average. It’s worth looking at other bank or credit union CD rates (like Bank of America Featured CDs, Chase relationship certificates of deposit and Synchrony Bank certificates of deposit) in order to lock in a long-term rate beyond two years or so.

TERM	HUNTINGTON BANK FIXED-RATE CD PROMOTIONAL RATES	BANK OF AMERICA FEATURED CD RATES	CHASE BANK CD RELATIONSHIP RATES	SYNCHRONY BANK CD RATES
6 months	APY (7 months)	5.00% APY (7 months)	3.00% APY	4.80% APY
12 months	4.34% APY (11 months)	4.90% APY (13 months)	2.00% APY	4.80% APY
24 months	N/A (17 months)	3.00% APY (25 months)	2.50% APY	4.20% APY

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How to open a Huntington Bank CD

Huntington Bank CDs can’t be opened online and must be opened in a branch. There are more than 1,000 branches spread across the following 11 states:

• Ohio
• Colorado
• Florida
• Illinois
• Indiana
• Kentucky
• Michigan
• Minnesota
• Pennsylvania
• West Virginia
• Wisconsin

If you’re located in one of those states, you can search for the branch closest to you on the Huntington Bank website.

To open the account at the branch you will likely need your government-issued ID and the information of the account from which you are funding the CD.

Alternatives to CDs at Huntington Bank

In addition to CDs, the bank does offer an attractive Huntington® Relationship Money Market Account. Earn between a 4.49% to 4.70% APY on balances between $25,000.00 to $2,000,000.99. (You’ll receive a paltry 0.00% APY on balances between $0.01 to $24,999.99 and a 0.25% APY on balances of $2,000,001.00 and higher).

Huntington Bank also offers two savings accounts. The Huntington® Relationship Savings Account connects to a checking account to offer a no-fee option with 0.01% to 0.06% APY, depending on account balance. It’s low, but free when you connect accounts. The Huntington® Premier Savings Account offers another low yield rate of just 0.01% APY on all balances.

Compare all of your options, including minimum deposit requirements, using a CD calculator to determine how much interest you could earn with different account terms and types.

About Huntington Bank

Huntington Bank is ideal for individuals who live in the 11 states served by this bank. Their promotional rates for both traditional CDs and jumbo CDs are above average. Plus, you can lock in terms between 7 and 25 months.

However, if you’re looking for even longer terms, you’ll be stuck with Huntington Bank’s standard CD rates, which are exceptionally low. Consider other options, like the best 10-year CD rates. Alternatively, for even shorter terms than Huntington Bank’s offerings, you can explore three-month CD rates as well.

Frequently asked questions (FAQs)