Huntington CD rates
- 1-year APY
- 0.50%
- 3-year APY
- 0.50%
- 5-year APY
- 0.50%
Our verdict
Offers a wide range of terms, but rates are borderline negligible.
Huntington is a midsize bank with competitive CD rates, offering up to 5.13% APY on a seven-month term. There are many term options ranging from as short as seven days up to six years. Aside from promotional rates, standard rates are largely the same across most term lengths. You’ll need to visit a branch and deposit a minimum of $1,000 to open a fixed-rate CD. Overall, the CDs are competitive, but you can only get one if you live in one of the 11 states the bank serves.
Best for: Existing Huntington customers looking for a short-term CD.
Pros
-
Competitive promotional rates
-
Wide range of terms
-
Daily compounding interest
Cons
-
Must open CD at a branch
-
Branches in only 11 states
Overview of Huntington CD rates
Huntington is a full-service, midsize bank with over 800 branches, over 1,400 ATMs nationwide and 24/7 customer service support by phone. The bank’s CD earns daily compound interest, and you need to deposit at least $1,000 for any of the standard fixed-rate CD terms.
| Fixed-rate CD term | APY | Minimum deposit |
|---|---|---|
| 1 month | 0.5% | $1,000 |
| 3 months | 0.5% | $1,000 |
| 6 months | 0.5% | $1,000 |
| 7 months (promotional) | 5.13% | $1,000 |
| 9 months | 0.5% | $1,000 |
| 11 months (promotional) | 4.86% | $1,000 |
| 12 months | 0.5% | $1,000 |
| 18 months | 0.5% | $1,000 |
| 24 months | 0.5% | $1,000 |
| 36 months | 0.5% | $1,000 |
| 48 months | 0.5% | $1,000 |
| 60 months | 0.5% | $1,000 |
| 72 months | 0.5% | $1,000 |
Other types of CDs
The jumbo CD rates require higher deposit requirements, as expected. The promotional rates are also significantly higher, and the standard rates are all 0.5% APY. Huntington displays some of its term lengths in days, which we’ve converted to months for an easier comparison, as that’s the industry standard.
| Jumbo Fixed Rate CD term | APY | Minimum deposit |
|---|---|---|
| 7 days | 0.5% | $100,000 |
| 14 days | 0.5% | $100,000 |
| 1 months | 0.5% | $100,000 |
| 2 months | 0.5% | $100,000 |
| 3 months | 0.5% | $100,000 |
| 6 months | 0.5% | $100,000 |
| 7 months (promotional) | 5.13% | $100,000 |
| 9 months | 0.5% | $100,000 |
| 11 months (promotional) | 4.86% | $100,000 |
| 12 months | 0.5% | $100,000 |
| 18 months | 0.5% | $100,000 |
| 24 months | 0.5% | $100,000 |
| 30 months | 0.5% | $100,000 |
| 36 months | 0.5% | $100,000 |
| 48 months | 0.5% | $100,000 |
| 60 months | 0.5% | $100,000 |
| 72 months | 0.5% | $100,000 |
More about Huntington’s CDs: Deposits, fees and details
| What it is | Details | How it compares |
|---|---|---|
| Minimum deposit |
| $1,000 is a typical deposit requirement for standard, fixed-rate CDs. |
| Term range | 7 days to 72 months | Large range of CD terms compared to the competition, as the shortest term offered is typically 1 month. |
| Early withdrawal penalties | Early withdrawal penalty varies by term:
| Typical early withdrawal penalties; however, the shortest terms under 91 days forfeit all earned interest. |
| Grace period | 10 days after the maturity date | Typical amongst competitors. |
Cashout and rollover details
Huntington offers a 10-day grace period after your CD’s maturity date with the withdrawal of your funds with no fees. If you don’t withdraw your funds at maturity or during the grace period, the CD is automatically renewed for the same term you originally had but at the current rate.
How Huntington’s CDs and rates compare
To open any of its CDs, you must go to a Huntington branch. For that sole reason, these deposit accounts are best suited for someone who lives in one of the 11 states the bank serves: Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia and Wisconsin.
Besides the promotional rates, most Huntington’s CDs offer a 0.5% APY. The best rate offered at the moment is 5.13% APY for 7 months, which is significantly higher than the national average rate of 1.79% for six-month CDs, as reported by the FDIC. (1)
The minimum deposit requirement of $1,000 is rather typical. Most banks require a deposit of around $500 to $1,000 for their standard fixed-rate CDs. However, some banks don’t have a minimum deposit at all, such as Barclays and Capital One.
Compared to other banks of its size, Huntington offers a wide variety of term lengths — as short as 7 days. The majority of CD offerings you’ll see in the wild only go as short as 30 days. However, with the APY as low as it is on the 7-day term, you’re likely better off just keeping your funds in a high-yield savings account.
Compare Huntington to competitor rates
Narrow down top CDs by APY and minimum deposits to find the best one for your financial goals. Select Compare on multiple options to see their benefits side by side.
CDs ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.
Read the full methodology of how we rate CDs.
Huntington CD is not currently available on Finder
Have you considered Crescent Bank CDs?
Earn competitive rates up to 4.90% APY (annual percentage yield) on terms ranging from 1 to 5 years. Pay $0 maintenance fees. Member FDIC.
- Up to 4.90% APY
- $0 maintenance fees
- $1,000 opening deposit
- Terms from 1 to 5 years
Your reviews
Bethany Finder
Editor, Banking
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