Huntington Bank CD Rates
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by using our links.
What's the Huntington Bank CD promotional rate? Read this review to find out if the APY is worth your time.
 |
Huntington Bank is a popular Midwestern bank that offers a few kinds of CDs.
These CDs allow you to earn more interest than traditional savings accounts. In exchange for higher interest, you agree not to touch your money for a set amount of time.
Take a look at Huntington Bank CD's account features, fees, and interest rates.
How Many CDs are Available at Huntington Bank?
Huntington Bank currently offers 3 CD options: Fixed Rate, Jumbo, and CD IRA.
You can get over two dozen certificates of deposit (CD) term lengths. The terms vary from 1 month to six years. They offer Fixed Rate CDs (principal amount less than $100,000) and Jumbo CDs ($100,000 or greater).
These options work the same way, but Jumbo CDs may offer slightly different rates for similar term standard CDs.
Huntington also offers a CD IRA. The CD IRA combines a fixed-rate CD with IRA benefits. There's a slew of term lengths available with a $1,000 minimum to open.
Huntington Bank Fixed Rate CDs - Promotional Rates
| Term | APY |
|---|---|
| 11 Months | 4.34% |
| 7 Months | 5.13% |
Rates are for Columbus, Ohio, and may vary per location.
Huntington Bank Fixed Rate CDs - Standard Rates
| Term | APY |
|---|---|
| 1 Month | 0.05% |
| 3 Months | 0.05% |
| 6 Months | 0.10% |
| 9 Months | 0.10% |
| 12 Months | 0.10% |
| 18 Months | 0.10% |
| 24 Months | 0.10% |
| 36 Months | 0.10% |
| 48 Months | 0.10% |
| 60 Months | 0.10% |
| 72 Months | 0.10% |
Rates are for Columbus, Ohio and may vary per location.
Huntington Bank Jumbo Fixed Rate CDs - Standard Rates
| Term (Days) | CD Rates |
|---|---|
| 7 | 0.05% |
| 14 | 0.05% |
| 30 | 0.05% |
| 60 | 0.05% |
| 90 | 0.05% |
| 180 | 0.10% |
| 270 | 0.10% |
| 365 | 0.10% |
| 547 | 0.10% |
| 730 | 0.10% |
| 912 | 0.10% |
| 1095 | 0.10% |
| 1460 | 0.10% |
| 1825 | 0.10% |
Rates are for Columbus, Ohio and may vary per location.
Huntington Bank CDs - Pros & Cons
Here's a high-level view of Huntington's main benefits and disadvantages for CD products.
Pros:
- Many term options
- Jumbo CDs available
- CD IRA available
Cons:
- Low APY (especially compared to online banks)
- $1,000 minimum deposit
- Must open a CD in person at a branch (no online applications)
What are the CD Rates at Huntington Bank?
Huntington Bank Fixed Rate CDs - Standard Rates
Term APY 1 Month 0.05% 3 Months 0.05% 6 Months 0.10% 9 Months 0.10% 12 Months 0.10% 18 Months 0.10% 24 Months 0.10% 36 Months 0.10% 48 Months 0.10% 60 Months 0.10% 72 Months 0.10%
Rates are for Columbus, Ohio and may vary per location.
Huntington Bank Fixed Rate CDs - Standard Rates
| Term | APY |
|---|---|
| 1 Month | 0.05% |
| 3 Months | 0.05% |
| 6 Months | 0.10% |
| 9 Months | 0.10% |
| 12 Months | 0.10% |
| 18 Months | 0.10% |
| 24 Months | 0.10% |
| 36 Months | 0.10% |
| 48 Months | 0.10% |
| 60 Months | 0.10% |
| 72 Months | 0.10% |
Rates are for Columbus, Ohio and may vary per location.
Here are some of the top CDs available now:
- CIT Bank No Penalty CD:
3.50% APY - Quontic:
CD Rates - Up to 5.05% APY - Discover Bank:
1 Year CD - 4.70% APY - Western Alliance Bank:
5-Month High-Yield CD - 5.30% APY - Consumers Credit Union:
13-Month Super Jumbo CD - 5.25% APY
Huntington CDs Fees and Penalties
Huntington Bank bases the fee on the term of a CD, so the longer the CD term, the higher the fee for early withdrawals.
The regional bank is not open with their early withdrawal fees structure and they won't give you penalty details until you open an actual CD account. That's because the fees depend on the term length, your deposit amount, and how much you're withdrawing from your account.
Huntington offers the following CD term lengths:
- 1 month
- 3 months
- 6 months
- 9 months
- 12 months
- 18 months
- 24 months
- 36 months
- 48 months
- 60 months
- 72 months
It's very tempting to sign up for a 72-month term for the higher interest rate, but resist the urge. And make sure you actually don't need to touch the money for that amount of time. Because if not, you'll pay very steep penalties.
Other banks, like CIT Bank, have no-penalty CD accounts and relatively light early withdrawal penalties for other CDs.
Compare CD Rates
Certificate of Deposit
- 4.70% APY for 12-month term
- 4.40% APY for 18-month term
- 3.75% APY for 36-month term
- 3.75% APY for 5-year term
CIT Bank No Penalty CD - 3.50% APY
- 3.50% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
CIT Bank Term CDs - Up to 3.50% APY
- Up to 3.50% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|---|
| 6 Month | 3.00% APY |
| 1 Year | 0.30% APY |
| 13 Month | 3.50% APY |
| 18 Month | 3.00% APY |
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
CD Rates - Up to 5.05% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 6 Month | 5.05% APY |
| 12 Month | 4.50% APY |
| 24 Month | 4.50% APY |
| 36 Month | 4.40% APY |
| 60 Month | 4.30% APY |
Discover® CD Rates
- $2,500 minimum opening deposit
- No fees
- FDIC insured
| Term | CD Rates |
|---|---|
| 3 Months | 2.00% APY |
| 6 Months | 4.25% APY |
| 9 Months | 4.25% APY |
| 1 Year | 4.70% APY |
| 1.5 Years | 4.40% APY |
| 2 Years | 4.00% APY |
| 2.5 Years | 3.75% APY |
| 3 Years | 3.75% APY |
| 4 Years | 3.75% APY |
| 5 Years | 3.75% APY |
| 7 Years | 3.75% APY |
| 10 Years | 3.75% APY |
How Do CD Accounts Work?
CD stands for certificate of deposit. Unlike a normal savings account, you cannot continuously deposit and withdraw funds.
With CDs, you're required to deposit a fixed amount of money for a fixed amount of time. Then you get a set interest rate for the duration of that term.
Be prepared to commit if you decide to open a CD account. You must keep your funds there until maturity for whatever term you choose. Terms range from 1 month to 5 years, depending on the financial institution. You'll face steep penalties for early withdrawals.
The biggest benefit of a CD is getting higher interest rates than you would with other banking products like money market accounts and checking/savings accounts. But Huntington's Fixed Rate CD rates are currently not too good.
Huntington Bank has brick-and-mortar branches that you can visit if you need to speak with someone for in-person assistance. However, physical locations are notoriously costly to run.
Online banks are a whole lot cheaper to run. And they pass along their operation savings costs onto customers in the form of higher interest rates.
It's really up to you. CD accounts at online banks can yield slightly better returns.
But if you value in-person customer service and you're a resident of Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia, Illinois, Wisconsin, Colorado, Florida, or Minnesota, then Huntington might be the right choice for you.
Benefits of a CD
- FDIC insured
- Earn higher interest rates than with traditional savings accounts
- Fixed interest rate for the term of the CD
Bottom Line
Huntington Bank CD rates are pretty average for brick-and-mortar banks. You don't get impressive returns with their current interest rates.
Consider CDs from online banks if you don't need in-person assistance. Online banks offer higher APYs and more transparent early withdrawal penalties.
Certificate of Deposit
- 4.70% APY for 12-month term
- 4.40% APY for 18-month term
- 3.75% APY for 36-month term
- 3.75% APY for 5-year term
CIT Bank No Penalty CD - 3.50% APY
- 3.50% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
CD Rates - Up to 5.05% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 6 Month | 5.05% APY |
| 12 Month | 4.50% APY |
| 24 Month | 4.50% APY |
| 36 Month | 4.40% APY |
| 60 Month | 4.30% APY |
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
Personal Checking Account - $200 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
Key Select Checking® - $200 Bonus
- Open a Key Select Checking® account online by July 19, 2024.
- Make the minimum opening deposit of $50, plus one direct deposit of at least $500 within the first 60 days of account opening.
- Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements. Account must not be closed or restricted during the time of promotional period.
Key Select Checking® is a premium checking account that earns interest and a $100 cash bonus year after year with qualifying activities and has a waivable monthly maintenance fee.
Amber Kong is a content specialist at CreditDonkey, a bank comparison and reviews website. Write to Amber Kong at amber.kong@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
|
|
| ||||||
|
|
|
Compare:
