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.
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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.
Huntington Premier Savings Account - Earn 0.01% APY
Earn $0.01% APY with minimum balance of $0.01. Minimum opening deposit is $50.
Huntington Relationship Savings - Up to 0.06% APY
- $2,500 minimum opening deposit
- $10 monthly fee can be waived with a total average daily balance of at least $2,500, or if you have a Huntington Perks Checking, Huntington Platinum Perks Checking, or Private Client Account.
| APY | |
|---|---|
| Non-Relationship | 0.01% |
| With Huntington Perks Checking Account | 0.02% |
| With Huntington Platinum Perks Checking Account | 0.02% |
| With Private Client Account | 0.06% |
Rates are for Columbus, Ohio and may vary per location.
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 Premier Savings Account - Earn 0.01% APY
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.
Huntington Relationship Savings - Up to 0.06% APY
How Much Can You Earn?
Check out this calculator to see how much your money can grow with a Huntington Bank savings account.
- Western Alliance Bank:
High-Yield Savings Premier - 5.36% APY - FVCbank:
High-Yield Savings Account - 5.26% APY - NexBank:
High-Yield Savings Account - 5.26% APY
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
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:
- Go to their Savings Accounts page.
- Select an account and complete the form.
- 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
High-Yield Savings Premier - 5.36% APY
- No account activity or maintenance fees
- $500 minimum opening deposit
- FDIC insured
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
UFB Secure Savings - Earn up to 5.25% APY
- Earn up to 5.25% APY*
- No monthly maintenance fees
- No minimum deposit required to open an account
- Access your funds 24/7 with easy-to-use digital banking tools
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
High Yield Savings Account - 5.24% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- Deposits are FDIC insured through Third Coast Bank SSB
Other Huntington Bank Products
Personal Checking Account - $600 Bonus
Open a new Huntington Platinum Perks Checking account. Make a cumulative new money deposit into the checking account of at least $25,000 or more within 90 days of account opening. Account must remain open for at least 90 days.
This offer is only available to applicants residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia or Wisconsin. $600 will be deposited to your account within 14 business days after meeting requirements.
Personal Checking Account - $400 Bonus
Open a new Huntington Perks Checking account. Receive qualifying direct deposits within 90 days of account opening. Account must remain open for at least 90 days.
This offer is only available to applicants residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia or Wisconsin. $400 will be deposited to your account within 14 business days after meeting requirements.
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
- ^ Huntington. Open a Savings Account, CD, or Money Market Account, Retrieved 11/20/2023
- ^ Huntington. Premier Savings Account, Retrieved 11/20/2023
- ^ Huntington. Huntington Premier Savings Account Personal Account Charges, Retrieved 11/20/2023
- ^ Huntington. Relationship Savings: Higher Interest Savings Account, Retrieved 11/20/2023
- ^ Huntington. Huntington Relationship Savings Account Personal Account Charges, Retrieved 01/20/2024
- ^ Huntington. Open a Savings Account, CD, or Money Market Account, Retrieved 12/27/2023
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.
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