Review
Updated
Fact Checked
Eric McWhinnie
Huntington Bank has a robust selection of banking products, including checking, savings, money market, and CD accounts. While some of these accounts come with relationship benefits -- like waived account fees and increased interest rates -- the bank's APYs are unimpressive and rank low among banks. If you live in one of the 11 states where Huntington Bank operates, read our full Huntington Bank review to see if it's a good fit for you.
Huntington Bank
Bottom Line
Huntington Bank isn't the right choice for everyone. Its rates on savings accounts and CDs are low, it only operates in 11 states, and it doesn't have a wide ATM network. It might be worth considering if you want to bank all in one place. Otherwise, you can find better rates at an online bank.
Pros
- Variety of banking products
- Decent APYs on special CD terms
Cons
- Low APYs
- Limited branch network
- Minimum opening deposits
Huntington Bank savings accounts
Huntington Bank has two savings accounts. Both have relational benefits, but neither one can rival the high yields on today's best savings accounts. Even so, Huntington Bank savings accounts showcase some standout features, such as the following:
- Savings Goal Getter℠: A tool that helps you set and track up to 10 savings goals, plus an emergency fund.
- Money Scout®: This tool analyzes your spending habits and income to find money you're not using. It will automatically save this money for you.
- 24-Hour Grace®: This feature gives you 24 hours to make a deposit to avoid overdraft fees or a declined transaction.
- Overdraft Protection: If you have a linked checking account, Huntington will automatically transfer funds to your savings if you overdraft.
In light of these features, let's delve into each account separately and see what it has to offer.
Huntington® Premier Savings
This is Huntington's basic savings account. It has a $50 minimum opening deposit and a $4 monthly maintenance fee, which you can waive by pairing it with a Huntington checking account or keeping a daily minimum balance of $300. The account has a rock-bottom APY of 0.01%, ranking it among the worst paying savings accounts in today's high interest rate market.
Ratings Methodology
Rates as
of May 16, 2024
Huntington® Premier Savings
Member FDIC.
APY
0.01%
Min. To Earn APY
$0.01
- Waivable fee
- Overdraft protection
- Mobile banking
- Low APY
- $50 minimum opening deposit
Huntington® Premier Savings makes it easy to waive its $4 monthly maintenance fee. Your savings will grow at a snail's pace, however, as its APY is abysmal and almost nonexistent.
Huntington® Relationship Savings
This savings account has a $10 monthly maintenance fee, which is waivable if you pair it with a Huntington Perks Checking℠ or Huntington Platinum Perks Checking℠ account. Alternatively, you could waive the fee by maintaining a $2,500 average daily balance.
As the name suggests, the Huntington® Relationship Savings has relational benefits. When you pair your savings account with a Huntington Perks Checking℠ or Huntington Platinum Perks Checking℠ account, not only will you pay no fees but your APY will inch up ever so slightly. It inches up again for Huntington Private Client account holders.
Ratings Methodology
Rates as
of May 16, 2024
Huntington® Relationship Savings
Member FDIC.
APY
Up to 0.06%
Rate info
Non-relationship APY is 0.01%, with Huntington Perks Checking or Huntington Platinum Checking earns 0.02%, and with Private Client Account earns 0.06%
Min. To Earn APY
$0.01
- Waivable monthly fee
- Overdraft protection
- Mobile banking
- Mobile app
- Low APY
- $50 minimum opening deposit
- Poor customer service reviews
Like the Premier Savings, the Huntington® Relationship Savings account gives you the option to waive its monthly maintenance fee. However, the account has a low savings rate, even with the relational boost that comes with pairing it with an eligible checking account.
High-yield savings account comparison
We recommend comparing high-yield savings account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
up to 4.60%
Rate info
You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
|
New customers can earn up to a $300 bonus with qualifying direct deposits!
|
|
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
5.00% APY for balances of $5,000 or more
Rate info
5.00% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $100 to open account, $5,000 for max APY
|
N/A
|
|
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
5.25%
Rate info
To ensure you keep getting the highest rate at UFB, you'll need to keep an eye on their rates. Occasionally, the bank launches new accounts with higher rates. Existing accounts need to contact the bank to request being moved to one of these new accounts.
Min. to earn: $0
|
N/A
|
Huntington Bank CD accounts
Perhaps the most exciting offer from Huntington Bank is its promotional certificates of deposit (CDs). Currently, Huntington Bank has two lucrative CD terms: a 7-month CD with a 5.13%% APY and an 11-month CD with a 4.86%% APY. The minimum opening deposit is $1,000, which is standard for high-yield CDs. Unfortunately, you can only open CDs in-person at a Huntington Bank branch, as there's no option to open one online.
The bank also has an array of standard rate CDs, with terms ranging from one to 72 months. The savings rates on these CDs, however, are extremely low and would be a bad investment when compared with today's top-paying CDs.
Rates as of May 14, 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% |
Rates as of May 14, 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% |
Compare CD rates
While Huntington Bank has great rates for promotional CDs, you can find better deals at other banks. If you'd like to earn more on your savings, here are some alternatives to consider.
Rates as of May 14, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
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 |
Huntington Bank checking accounts
At Huntington Bank, you'll find an extensive selection of checking accounts -- some free, others with waivable fees. Like the bank's savings account, its checking accounts also share some standout features, such as the following.
- Standby Cash®: This is a line of credit, which you can access through your Huntington mobile app. You can borrow cash, then pay it back over three months. After three months, you'll pay a 12% APR (1% monthly).
- $50 Safety Zone℠: If you accidentally overdraft by $50 or less, this protects you from fees or declined transactions.
- Early Pay: Get paid two days early when you set up direct deposit with your Huntington checking account.
- Check Deposit Availability: Get instant access to up to $500 of your deposited checks.
Bearing these features in mind, let's look closer at each checking account individually.
Huntington Asterisk-Free Checking®
The Huntington Asterisk-Free Checking® is a free, no-frills checking account. It doesn't earn interest, but it also has no monthly fees, no minimum balances, and no minimum opening deposit requirements.
Ratings Methodology
Rates as
of May 16, 2024
Huntington Asterisk-Free Checking®
Member FDIC.
APY
N/A
Min. To Earn APY
N/A
- No monthly fee
- No minimum balances
- No APY
- No relationship benefits
The Asterisk-Free Checking® doesn't charge monthly service fees, nor holds you responsible for maintaining a balance. It isn't glamorous or interest-bearing, but it can satisfy your basic checking account needs for free.
Huntington Perks Checking℠
If the Huntington Asterisk-Free Checking® looks boring, you might want to consider the Huntington Perks Checking℠.
This account earns some interest and also covers the fees on five non-Huntington ATM withdrawals per statement cycle (normally a $3.50 charge). The account has a $10 monthly maintenance fee, which you can waive by making $1,000 in monthly deposits or keeping $5,000 in total relationship balances. Opening a Huntington Perks Checking℠ account also unlocks higher interest rates on the Huntington® Relationship Savings account and Huntington Relationship Money Market Account.
Ratings Methodology
Rates as
of May 16, 2024
Huntington Perks Checking℠
Member FDIC.
APY
Undisclosed -- determined based on your ZIP code
Min. To Earn APY
$0.01
- Earns interest
- Five free out-of-network ATM withdrawals per statement cycles
- Waivable monthly fees
- Credit score monitoring
- $10 maintenance fee (waivable)
Opening a Huntington Perks Checking℠ account is a good first step for those who want to earn relationship benefits on other Huntington bank products. Though it's not free, Huntington gives you a couple of ways to waive the account fees.
Huntington Platinum Perks Checking℠
The Huntington Platinum Perks Checking℠ has a higher interest rate than its Perks Checking account, plus unlimited non-Huntington ATM withdrawals and free checks. The maintenance fee is pretty high ($25), but waivable if you maintain $25,000 in total relationship balances. The relationship benefits can be super sweet and include better APYs, special mortgage rates, and 100 commission-free online equity and ETF trades per year.
Ratings Methodology
Rates as
of May 16, 2024
Huntington Platinum Perks Checking℠
Member FDIC.
APY
Undisclosed -- determined based on your ZIP code
Min. To Earn APY
$0.01
- Earns interest
- Unlimited out-of-network ATM withdrawals
- Unlimited free checks
- Special rates on mortgages and HELOCs
- 100 commission-free trades per year
- High monthly maintenance fee (waivable)
The Huntington Platinum Perks Checking℠ is a good fit if you plan on opening several accounts at Huntington and can maintain a $25,000 balance among them. Otherwise, you can find better free checking accounts at other banks.
Huntington SmartInvest Checking℠
This is an exclusive checking account that's offered to Huntington's high-net-worth clients. To qualify, you must maintain at least $100,000 in total relationship balances and have a Managed Investment account.
This account has no fees whatsoever. That includes no monthly maintenance, overdraft, wire, money movement, and fees on other Huntington Bank accounts. It also has unlimited ATM withdrawals at non-Huntington ATMs, free checks, special rates on mortgages, unlimited commission-free trades, and a free safe deposit box. Finally, opening one gives you access to the SmartInvest Money Market -- a high-yield money market account with investment options.
Ratings Methodology
Rates as
of May 16, 2024
Huntington SmartInvest Checking℠
Member FDIC.
APY
Undisclosed -- Rates are available in two tiers determined by balance.
Rate info
Tier 1 requires a minimum total relationship balance of $100,000. Tier 2 requires a minimum total relationship balance of $1,000,0000.
Min. To Earn APY
$100,000
- No fees whatsoever
- Unlimited out-of-network ATM withdrawals
- Unlimited commission-free trades
- Free small deposit box
- Special rates on mortgages and HELOCs
- High minimum balance
For those with big savings, the Huntington SmartInvest Checking℠ might be worth considering. Its relationship benefits are robust, but you'll need to maintain at least $100,000 at Huntington Bank to unlock them.
Checking account comparison
We recommend comparing checking account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0%
Min. to earn: N/A
|
Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
|
|
|
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0.50%
Rate info
You can earn the maximum savings APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
|
Cash bonus up to $300 with direct deposit set up (see details when you click 'Open Account')
|
|
Rating image, 4.25 out of 5 stars.
4.25/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0.40% (up to 3.30%)
Rate info
To earn the full APY, account holders must do all of the following: Receive monthly direct deposits totaling more than $1,500; make 10 transactions a month with your Axos debit card, or sign up for Axos's Personal Finance Manager; maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account; and use your Rewards Checking account to make your full monthly Axos Bank consumer mortgage, personal, or auto loan payment.
Min. to earn: Monthly direct deposits totaling at least $1,500
|
Use the promo code AXOS300 when you apply for a Rewards Checking account by June 30th, 2024. Then have qualifying direct deposits to earn up to a $300 bonus!
|
Huntington Bank customer service and experience
Huntington Bank has a general customer service center that accepts calls daily from 7:00 a.m. to 8:00 p.m. ET. You can also contact your local Huntington Bank, which will have its own operating hours.
As far as online ratings go, Huntington Bank doesn't have a perfect record. Despite getting an A+ rating by the Better Business Bureau, its profile on that website has 1.14 stars out of 5, based on more than 360 reviews. On Trustpilot, it has 1.3 stars out of 5 stars (based on 100 reviews) and on Consumer Affairs it has 2.1 stars (based on more than 400 reviews). While consumers often use third-party review sites to complain rather than praise, these low ratings are still something to consider if good customer service is important to you.
Huntington Bank relationship benefits
Huntington Bank offers relationship benefits on some of its accounts. These benefits could include increased interest rates, waived account fees, better interest rates on mortgages, and commission-free trades on stocks and ETFs. If you want to earn relationship benefits, the following Huntington Bank accounts might interest you:
- Huntington® Relationship Savings
- Huntington Perks Checking℠
- Huntington Platinum Perks Checking℠
- Huntington SmartInvest Checking℠
- Huntington® Relationship Money Market Account
- Huntington SmartInvest℠ Money Market Account
Alternatives to Huntington Bank
If Huntington Bank isn't a good fit for you, here are a couple other banks that might have more attractive benefits.
Discover® Bank
If you'd rather bank online, you might want to check out Discover® Bank. This bank offers great APYs on savings accounts and CDs, plus a full suite of cash back credit cards, money markets, and retirement accounts. It doesn't offer relationship benefits like Huntington Bank, but its customer service has won numerous awards and it consistently ranks high in the annual J.D. Power Direct Banking Satisfaction Study.
Connexus Credit Union
If you want to support a non-profit financial institution, check out Connexus Credit Union. Connexus offers savings accounts, money market accounts, and some of the highest paying CDs on the market. Though you have to join the credit union to open an account, becoming a member is as simple as making a $5 donation to the Connexus Association.
Is Huntington Bank right for you?
Huntington Bank doesn't have the highest APYs for savings, money market, and standard CD accounts. Even so, it might be worth considering if you live near a Huntington Bank, want in-person banking services, and can maintain the appropriate balance on your account to waive fees.
Other products by Huntington Bank
Huntington Bank offers more than just savings accounts. In addition to helping you save money, Huntington Bank could also meet your financial needs with the following banking products.
Huntington Bank money market accounts
- Huntington® Relationship Money Market Account
- Huntington SmartInvest℠ Money Market Account
- Huntington® Money Market Account IRA
Huntington Bank mortgages
- Fixed-rate loans
- Adjustable-rate mortgages
- FHA/VA/USDA loans
- Physician loans
- Jumbo
- HomeStyle Renovation
- Construction
- State Bond
- Employee Relocation Services
Huntington Bank home equity
- First Mortgage Equity Loan
- Home Equity Loan
- Home Equity Lines of Credit
Huntington Bank credit cards
- Huntington® Cashback Credit Card
- Huntington Voice Rewards Credit Card®
- Huntington Voice Credit Card®
- The Ohio State Voice Credit Card®
Huntington Bank personal loans
- Personal loans
- Auto loans
- Standby Cash®
Huntington Bank insurance
- Home
- Life
- Motor Vehicle
- Residential Title
Our bank and credit union methodology
Our methodology for scoring banks and credit unions revolves around evaluating key aspects such as annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.
These criteria are weighted differently across various account types, ensuring a comprehensive assessment that reflects the competitive landscape and economic conditions.
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased by advertiser influence. This robust evaluation process helps us generate balanced, reliable best-of lists that guide consumers to top financial products.
Learn more about how The Motley Fool Ascent rates bank accounts.
FAQs
-
You can find Huntington Bank in Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin.
-
For checks up to $500, Huntington Bank will make funds available immediately. Any amount above $500 will be available the next business day after the day Huntington receives your check. For instance, if Huntington Bank receives your check on a Tuesday, your funds should be available on Wednesday.
-
Yes, you can deposit mobile checks through the Huntington Bank app.
Our Banking Experts
Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.
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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