April 6, 2024

Huntington Bank Savings Account Interest Rates

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Huntington Bank offers two savings accounts with low APY. Is it still worth it? Read on to find out.

Huntington Bank has two basic savings accounts that can offer great convenience and accessibility.

But, what about the rates? Continue reading to know how much interest you can earn with Huntington savings accounts.


What matters most to you when choosing a savings account?

Huntington Savings Account Interest Rates

Huntington has Premier Savings and Relationship Savings[1]. Both come with low rates: Premier Savings with 0.01% APY and Relationship Savings with up to 0.06% APY.

  • Huntington Premier Savings: Has a $15 overdraft fee and a waivable $4 monthly fee. $50 minimum to open.
  • Huntington Relationship Savings: Has a $15 overdraft fee and a waivable $10 monthly fee. $2,500 minimum to open.

Huntington Premier Savings

Huntington Premier Savings has a 0.01% APY on all balances. It requires a $50 minimum opening deposit and has a maintenance fee of $4[2]. You can have it waived if you have a personal Huntington checking account.

It does have a $15 overdraft fee and a $3.50 fee for out-of-network ATM transactions[3]. But, you can easily access your money at a branch or ATM, or through their highly-rated mobile app.

Huntington Relationship Savings

Huntington Relationship Savings offers slightly better rates up to 0.06% APY. You get to waive the $10 monthly fee when you have any of these accounts:

  • Huntington Perks Checking
  • Huntington Platinum Perks Checking
  • Private Client Account

Otherwise, you need to maintain a $2,500 minimum to avoid it.[4]

It has an opening deposit requirement of $2,500, a $15 overdraft fee, and an out-of-network ATM charge of $3.50.[5] And, it comes with an ATM card and access to their mobile app.

How Much Can You Earn?

Check out this calculator to see how much your money can grow with a Huntington Bank savings account.

Savings Calculator

Can You Lose Money with Huntington Savings?

No, you cannot lose money with either the Premier Savings or Relationship Savings account. Huntington Bank is FDIC-insured (Certificate #6560), so deposits are protected up to $250,000 per depositor, per ownership category.

Hence, you are guaranteed to get your money back should Huntington Bank ever fail or close.

Pros and Cons

Pros

  • Access to physical branches
  • Top-rated mobile app
  • FDIC-insured

Cons

  • Very low rates
  • $4 monthly fee for Premier Savings
  • $10 monthly fee for Relationship Savings
  • $50 opening deposit for Premier Savings
  • $2,500 opening deposit for Relationship Savings

What would make you choose a savings account with a lower APY?

Should You Open an Account?

Huntington Bank's savings accounts are best for people who prefer the reliability that comes with traditional banking. Although it doesn't have high rates, you get easy access to your funds through both physical branches and an online platform.

It is also a great option for existing Huntington Bank customers because it offers several benefits like waived monthly fees, relationship rates, etc.

How To Open a Huntington Savings Account?

You can visit a Huntington branch, or you can go to their website to open an account. Here's what you should do:

  1. Go to their Savings Accounts page.
  2. Select an account and complete the form.
  3. Fund your account with the minimum required.

For a smoother process, prepare your social security number and a U.S. government or state-issued ID beforehand. [6]

How Huntington Bank Savings Compares

Other Huntington Bank Products

Bottom Line

Huntington Bank offers savings accounts with unimpressive rates. However, it is still a decent option for existing Huntington Bank users and for those who prefer traditional banking.

If your goal is to make your money work harder for you, you can check out high-yield savings options from online banks and credit unions.

References

  1. ^ Huntington. Open a Savings Account, CD, or Money Market Account, Retrieved 11/20/2023
  2. ^ Huntington. Premier Savings Account, Retrieved 11/20/2023
  3. ^ Huntington. Huntington Premier Savings Account Personal Account Charges, Retrieved 11/20/2023
  4. ^ Huntington. Relationship Savings: Higher Interest Savings Account, Retrieved 11/20/2023
  5. ^ Huntington. Huntington Relationship Savings Account Personal Account Charges, Retrieved 01/20/2024
  6. ^ Huntington. Open a Savings Account, CD, or Money Market Account, Retrieved 12/27/2023
Chase
Member FDIC

Chase Total Checking® - $400 Bonus

Expires 4/15/2026
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U.S. Bank
Member FDIC

U.S. Bank Business Essentials - $400 Bonus

Expires 3/31/2026

Promo code Q1AFL26 MUST be used when opening a U.S. Bank Business Essentials® or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.

To earn a business checking bonus, open a qualifying U.S. Bank business checking account between 1/15/2026 and 3/31/2026. Make the required deposit(s) in new money within 30 days of account opening, maintain the same required daily balance through the 60th day, and complete 6 qualifying transactions based on posted date within 60 days of account opening.

Business Essentials: $400 bonus with $5,000 new money deposits, daily balance, and 6 qualifying transactions.

Qualifying transactions include debit card purchases, ACH and wire credits or debits, Zelle credits or debits, U.S. Bank Mobile Check Deposit, electronic or paper checks, Bill Pay (excluding payments made by credit card), and payment received via U.S. Bank Payment Solutions. Other transactions, such as person-to-person payments, credit card transfers, or transfers between U.S. Bank accounts, are not eligible.

New money is defined as funds from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees may reduce the required daily balance during the qualifying period.

Bonus will be deposited into your new eligible U.S. Bank business checking account within 30 days after the month-end in which all offer requirements are met, provided the account remains open with a positive available balance.

Offer may not be combined with other business checking bonus offers. Existing businesses with a business checking account or had one closed within the past 12 months, do not qualify.

All regular account-opening procedures apply. For full checking account pricing, terms and policies, refer to your Business Pricing Information, Business Essentials Pricing Information, and YDAA disclosure. These documents are available at any U.S. Bank branch or by calling 800.872.2657.

Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
Member FDIC

Wells Fargo

Wells Fargo Everyday Checking Account - $325 Bonus

Expires 4/14/2026
  • Get a $325 new checking customer bonus when you open an Everyday Checking account and receive $1,000 or more in qualifying direct deposits.
  • Wells Fargo Bank, N.A. Member FDIC
Bank of America
Member FDIC

Bank of America Advantage Banking - Up to $500 Cash Offer

Expires in 3 days
  • The cash offer up to $500 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 1/31/2026.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
    Cash BonusTotal Qualifying Direct Deposits
    $100$2,000
    $300$5,000
    $500$10,000+
  • If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
  • Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Additional terms and conditions apply. See offer page for more details.
  • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
  • Bank of America, N.A. Member FDIC.
KeyBank
Member FDIC

Key Select Checking® - $500 Bonus

Expires 5/22/2026
Earn $500 after qualified activities until 5.22.26 with interest-bearing Key Select Checking®.

  • Open a Key Select Checking® account online by May 22, 2026.
  • Make the minimum opening deposit of $50 and make a total of $5,000 or more in eligible direct deposits within the first 90 days of account opening.
  • Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.

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