May 22, 2022

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.

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.

Huntington Bank operates more than 1,000 across Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia, Illinois, Wisconsin, Colorado, Florida, and Minnesota

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.


  • Many term options
  • Jumbo CDs available
  • CD IRA available


  • 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?

Which bank is best to open a CD?
Here are some of the top CDs available now:

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

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.

Member FDIC

Chase Total Checking® - $200 Bonus

Expires 10/18/2023
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Bank of America
Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

Expires 12/31/2023
Earn a cash bonus in three steps:
  1. Open a new eligible business checking account by December 31, 2023
  2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
  3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC

Citi Priority - Earn up to $2,000 Cash Bonus

Expires 1/9/2024
  • Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
  • New to Relationship customers can choose their Relationship Tier.
  • Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
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Discover Bank
Member FDIC

Discover Online Savings - $200 Cash Bonus

Expires 12/14/2023

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 CY923 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 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.05% APY

  • 5.05% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC

Amber Kong is a content specialist at CreditDonkey, a bank comparison and reviews website. Write to Amber Kong at 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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