Huntington Bank CD Rates
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What's the Huntington Bank CD promotional rate? Read this review to find out if the APY is worth your time.
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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 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
Term CD Rates 1 Month 0.05% APY 3 Months 0.05% APY 6 Months 0.10% APY 9 Months 0.10% APY 12 Months 0.10% APY 18 Months 0.10% APY 24 Months 0.10% APY 36 Months 0.10% APY 48 Months 0.10% APY 60 Months 0.10% APY 72 Months 0.10% APY
Huntington Bank Fixed Rate CDs
| Term | CD Rates |
|---|---|
| 1 Month | 0.05% APY |
| 3 Months | 0.05% APY |
| 6 Months | 0.10% APY |
| 9 Months | 0.10% APY |
| 12 Months | 0.10% APY |
| 18 Months | 0.10% APY |
| 24 Months | 0.10% APY |
| 36 Months | 0.10% APY |
| 48 Months | 0.10% APY |
| 60 Months | 0.10% APY |
| 72 Months | 0.10% APY |
Here are some of the top CDs available now:
- CIT Bank Term CDs: Up to 4.65% APY
- Discover Bank: Certificate of Deposit
- Quontic: CD Rates - Up to 4.45% APY
- Ponce Bank: 1-Month High-Yield CD - 4.50% APY
- mph.bank: 10-Month High-Yield CD - 2.90% 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
CIT Bank Term CDs - Up to 4.65% APY
- Up to 4.65% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|---|
| 6 Month | 4.15% APY |
| 1 Year | 0.30% APY |
| 13 Month | 4.65% APY |
| 18 Month | 4.60% APY |
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
CIT Bank No Penalty CD - 4.15% APY
- 4.15% 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
Certificate of Deposit
- 4.50% APY for 12-month term
- 4.30% APY for 36-month term
- 4.10% APY for 5-year term
CD Rates - Up to 4.45% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 6 Months | 3.75% APY |
| 1 Year | 4.45% APY |
| 2 Years | 4.40% APY |
| 3 Years | 4.30% APY |
| 5 Years | 4.30% APY |
CIT Bank Jumbo CDs
- Up to 0.50% APY
- $100,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|---|
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% 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.
CIT Bank Term CDs - Up to 4.65% APY
- Up to 4.65% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|---|
| 6 Month | 4.15% APY |
| 1 Year | 0.30% APY |
| 13 Month | 4.65% APY |
| 18 Month | 4.60% APY |
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
Certificate of Deposit
- 4.50% APY for 12-month term
- 4.30% APY for 36-month term
- 4.10% APY for 5-year term
CD Rates - Up to 4.45% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 6 Months | 3.75% APY |
| 1 Year | 4.45% APY |
| 2 Years | 4.40% APY |
| 3 Years | 4.30% APY |
| 5 Years | 4.30% APY |
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
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*With Chase Overdraft Assist℠, we won't charge an Insufficient Funds Fee 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
Citi Priority Account - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
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- If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
CIT Bank Savings Connect - 4.20% APY
- Earn 12x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Business Checking - Up to 2.0% APY
- 2.0% APY on your balance up to $100,000 for customers that meet monthly eligibility requirements
- $0 minimum opening deposit
- $0 monthly service 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.
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