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Huntington Bank CD Rates: January 2025

3 days ago
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A regional bank, Huntington’s promotional CDs boast higher-than-average rates

Fact checked by Michael Rosenston

insta_photos / Getty Images

insta_photos / Getty Images

As a smaller regional bank, Huntington Bank isn’t as well-known as some national institutions. But with its promotional rates on fixed-rate and jumbo certificates of deposit (CDs) of up to 3.50%, you can earn a much higher annual percentage yield (APY) than you’ll find elsewhere. 

The promotional APY only applies to certain term lengths, and not everyone is eligible for a Huntington Bank CD. Here’s what you need to know about Huntington Bank CD rates and how to take advantage of these higher-than-average APYs. 

Important

Huntington Bank’s CD rates may vary by location, and the rates listed below may not be available in all ZIP codes. The APYs listed below use NYC ZIP code 10001.

Jumbo promotional fixed-rate CDs from Huntington Bank are available for 152 days with a 3.56% APY or 270 days with an APY of 3.05%, with a minimum deposit of $100,000.

Compare Huntington Bank CD Rates

Huntington Bank CDs offer a competitive promotional rate, but you can likely find much better rates than its standard ones by shopping around.

Huntington Bank CDs: Key Features

Huntington Bank’s promotional CD offers a much higher than average APY for CDs with terms of 9 months. To qualify for the higher rate, you must deposit at least $1,000. The promotional fixed-rate CD is only available if your balance is under $100,000.

If you must take an early withdrawal from the account, the penalty is six months of interest. And when the account reaches its maturity date, you have a 10-day grace period; after that, the account is automatically renewed. 

Unlike the promotional CD rate, the rate for standard fixed-rate CDs is significantly lower than the national average. 

Terms range from 1 to 72 months, and the minimum deposit is $1,000. Early withdrawals are permitted, but penalties apply. The penalty depends on your term length, but ranges from the full term of the account to 12 months of interest. 

Like the promotional CDs, the standard fixed-rate CDs have a maximum of $100,000, and 10-day grace periods. 

Huntington Bank’s jumbo accounts are for CDs with $100,000 or more. The promotional CD rate is only available to balances under $2 million; higher balances are subject to significantly lower rates.

For jumbo CDs, the promotional APY is only for CDs with terms of 425 days, and the early withdrawal penalty is six months of interest. 

Unlike other CDs, accounts with balances of $100,000 or more are not automatically renewable.

Warning

With jumbo CDs, be aware that the FDIC only protects deposits up to $250,000. If your balance exceeds that amount, you may not be covered.

Jumbo standard CDs are for balances of $100,000 or more. Huntington Bank’s jumbo CDs are generally a short-term option, with terms ranging from 7 to 1,825 days. Rates on these CDs are much lower than the national average, and they are not automatically renewable. 

Huntington Bank’s rates for standard jumbo CDs are quite low. Check out our picks for the best jumbo CDs to find better rates.

Pros and Cons of Huntington Bank CDs

Pros

  • Competitive promotional rates

  • Various terms

Cons

  • Non-competitive standard rates

  • Limited term variety

  • Minimum balance requirement

Pros Explained

  • Competitive promotional rates: Huntington Bank CDs’ promotional rates of up to 4.34% are more than what many CDs offer.
  • Various terms: You can find several different terms lengths, of up to 72 months. Many of its terms are set in days, and you can get a CD for as little as 7 days.

Cons Explained

  • Non-competitive standard rates: Most of Huntington Bank CDs have fairly low CD rates.
  • Limited term variety: Huntington Bank does offer several different CDs, but the longest CD term Huntington Bank offers is for 72 months, or six years. You can find longer terms by shopping around.
  • Minimum balance requirement: Like many CDs, Huntington Bank CDs have a minimum balance requirement, which is $1,000 for its standard CDs and $100,000 for jumbo CDs.

About Huntington Bank

Based in Ohio, Huntington Bank is a smaller, regional bank. It operates branches in 11 states: Ohio, Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, West Virginia, and Wisconsin.

It offers a comprehensive suite of banking products for individuals and businesses, including checking and savings accounts, mortgages, personal loans, and CDs.

Its promotional CDs have much higher than average rates. But while other banks may offer high rates with multiple terms, Huntington Bank is more limited. As of publication, the promotional rate is only available with terms of 14 months for regular CDs, and terms of 425 days for jumbo CDs. 

Not everyone is eligible for a Huntington Bank CD. Although most banks today allow you to open a new account or CD online, Huntington Bank doesn’t. To open a CD, you must visit a local Huntington Bank branch, and the bank only operates in a few states. You can use the bank’s find-a-branch tool to see if there is a branch near you. 

Alternatives to Huntington Bank CDs

  • Other high-interest CDs: Check the best CD rates currently available before making a deposit.
  • High-yield savings account: If you want to protect your funds while also earning interest, you can also consider a high-yield savings account.
  • Checking account: A checking account is another option for storing your cash, especially if you don’t want to be subject to withdrawal limits. Some high-interest checking accounts can provide more returns on your cash than traditional checking accounts.
  • Money market account: Money market accounts are similar to savings accounts, though they may also come with check-writing abilities and a debit card. You can often earn a good rate on your savings, but you might have to deal with monthly fees or minimum balance requirements. 
  • I bonds: I bonds from the U.S. government are an investment option for protecting your savings from inflation. I bonds may or may not offer a higher rate than the best CDs. When you invest, you have to commit to leaving your money in the I bond for at least a year.

Frequently Asked Questions (FAQs)

How Much Money Do You Need to Open a Huntington Bank CD?

The minimum amount of money you need for Huntington Bank’s CDs, including its promotional or standard rates, is $1,000. The exceptions are Huntington Bank’s jumbo CDs, which require $100,000.

Do You Need a Checking Account With Huntington Bank to Open a CD?

No, you don’t need to have an existing checking account with Huntington Bank to open a CD. However, if you do have a Huntington Bank checking account, your CD will count toward your total relationship balance, which can help you qualify for monthly fee waivers on your checking account.

Does Huntington Bank Have an Early Withdrawal Penalty for CD Accounts?

Yes, Huntington Bank does allow you to withdraw money ahead of the maturity date, and there are penalties. The penalty can be as high as 12 months of interest. 

The benefit of CDs is that you can earn a much higher APY than you can usually find in a checking or savings account. But that benefit comes with a tradeoff: CDs are designed to be untouched until their maturity date.

Does Huntington Bank Offer Special Rates for Current Members?

Huntington Bank doesn’t have special rates or promotions for existing members. However, new customers can qualify for special offers for opening a new personal checking account.

Your Guide to CDs

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