Updated
Fact Checked
Eric McWhinnie
Huntington Bank CD rates show you don't need to be a big bank to offer big returns. You'll need to show up in person to score these deals, however, and Huntington Bank has a small footprint. See the options, and who can take advantage of them, in our complete Huntington Bank CD review.
Huntington Bank CD rates for 2024
Rates as of May 1, 2024
APY = Annual Percentage Yield
Huntington Bank Standard CD
Bottom Line
Huntington Bank offers a huge selection of standard CD rate terms, but the APYs are so small that you could definitely find better CD rates, savings account rates, and other banking account product rates that far outpace what Huntington Bank offers for its standard CDs.
MINIMUM DEPOSIT $1,000
| 1 Mo. APY | 3 Mo. APY | 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY | 6 Yr. APY |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05% | 0.05% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Rates as of May 1, 2024
APY = Annual Percentage Yield
Huntington Bank Promotional CD
Bottom Line
Unlike Huntington Bank's standard CD offerings, its two promotional CDs offer excellent APYs that are very competitive with other CDs currently on the market.
MINIMUM DEPOSIT $1,000
| 7 Mo. APY | 11 Mo. APY |
|---|---|
| 5.13% | 4.86% |
Compare Huntington Bank CD rates
Huntington Bank's promotional CD rates are right up there with our best CD rates. However, Huntington's standard rates fall far short of the competition.
Rates as of May 1, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Member FDIC.
| APY: 5.10% | Term: 10 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.70% | Term: 1 Year | Min. Deposit: $2,500 | |
| APY: 5.05% | Term: 1 Year | Min. Deposit: $1 | |
|
| APY: 5.15% | Term: 9 Months | Min. Deposit: $1 | |
Member FDIC.
| APY: 4.75% | Term: 1 Year | Min. Deposit: $500 |
Details about Huntington Bank CDs
Huntington Bank offers a range of fixed-rate CDs with both promotional and standard rates. The promotional APYs (annual percentage yield) are surprisingly competitive, while the standard rates are…not.
Huntington Bank Promotional CD
Huntington Bank Promotional CD
- 7 APY: 5.13%
- 11 APY: 4.86%
Rates as of May 1, 2024
APY = Annual Percentage Yield
Term
Huntington Bank Promotional CD
7 Mo.
11 Mo.
5.13%
4.86%
Pros
- Very competitive APYs
- Reasonable minimum deposit
- Same rates for smaller and larger deposits
Cons
- Must open in a branch
- Bank only has branches in 11 states
The overall APY of Huntington Bank's promotional CDs is quite competitive, even against 6-month rates from some large online banks. Though it's worth noting that term lengths are somewhat unconventional -- most banks offer 6-month and 12-month short-term CDs, while Huntington has 7- and 11-month CDs.
Unfortunately, Huntington doesn't let you open a new promotional CD online. Instead, you need to do so in person at a Huntington Bank branch. This may be easier said than done, since Huntington only has branches in six states.
Huntington Bank Standard CD
Huntington Bank Standard CD
- 1 APY: 0.05%
- 3 APY: 0.05%
- 6 APY: 0.10%
- 9 APY: 0.10%
- 12 APY: 0.10%
- 18 APY: 0.10%
- 24 APY: 0.10%
- 36 APY: 0.10%
- 48 APY: 0.10%
- 60 APY: 0.10%
- 72 APY: 0.10%
Rates as of May 1, 2024
APY = Annual Percentage Yield
Term
Huntington Bank Standard CD
1 Mo.
3 Mo.
6 Mo.
9 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
6 Yr.
0.05%
0.05%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
Pros
- Variety of term lengths
- Modest minimum deposit
Cons
- Terrible APYs
- Must open in a branch
- Bank only has branches in six states
Unlike Huntington Bank's promotional CD rates, the standard rates are most decidedly not competitive. I can't think of a single good reason to get one of these CDs, as you can get exponentially better rates from any of our favorite high-yield savings accounts, let alone other CDs.
To make matters worse, you can't open these accounts online. You have to be in one of the just six states in which Huntington Bank has branches.
Other Huntington Bank CD accounts
Huntington Bank also offers the following CD accounts:
- Jumbo fixed-rate CDs
- CD IRA
Who is a Huntington Bank CD right for?
A promotional-rate CD from Huntington Bank can be a good option for anyone who wants a short-term CD with a competitive rate -- assuming they live in the Huntington Bank service area.
The bank requires you to open a CD in person at a branch. While Huntington Bank operates in 11 states, it only has actual bank branches in six:
- Colorado
- Indiana
- Minnesota
- Michigan
- Ohio
- West Virginia
Keep reading about Huntington Bank:
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how The Motley Fool Ascent rates bank accounts.
FAQs
-
The best rate overall is from Huntington's promotional 7-month CD. Avoid the standard rate CDs.
-
No, Huntington Bank is considered a regional bank since it only operates in 11 states. These include: Colorado, Florida, Illinois, Indiana, Kentucky, Minnesota, Michigan, Ohio, Pennsylvania, West Virginia, and Wisconsin.
-
Yes, for the most part, you can manage your Huntington Bank accounts online or through its mobile bank app. However, some actions -- such as opening a new CD account -- must be done in person at a bank branch.
Our Banking Experts
Brittney started her writing career in the world of science, putting her physics degree to good use. Her journey into finance started with building her personal credit, but soon grew into a borderline obsession with credit cards and travel rewards. For the last 7 years, she has enjoyed the ability to share her expertise with readers, as well as the opportunity to interview companies and individuals making an impact on our financial lives. She wholly believe most problems can be solved with the right research -- and a good spreadsheet -- and she specializes in translating complex financial topics into actionable advice to help educate and empower readers.
Fact Checked
Eric McWhinnie
Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in Finance.
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