Huntington Bank Review 2024

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At a glance

4.2

Rating: 4.2 stars out of 5

Bankrate Score

CDs

Rating: 4.7 stars out of 5

Checking

Rating: 4.5 stars out of 5

Savings

Rating: 2.7 stars out of 5

MMA

Rating: 4.2 stars out of 5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

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Overview

Huntington National Bank is a convenient option for many who live in the Midwest and the South who prefer to bank in person. Its consumer-friendly offerings include a no-frills, free checking account, 24-hour overdraft forgiveness and all-day deposit capability that extends the deposit cutoff to midnight on business days. All this noted, many of the bank’s deposit accounts offer rock-bottom yields.

Highlights

ATM Fee Refunds
Free Checking

Overall

The Huntington National Bank offers consumer-friendly products and a network of more than 1,000 branches mostly in the Midwest and South. A no-frills free checking account is available, yet yields on savings accounts and some CDs are comparatively low.

Pros

A free checking account is available.
Huntington offers a 24-hour grace period on overdrawn transactions before incurring a fee.
A wide range of CD terms gives customers the ability to build a CD ladder.

Cons

Yields on savings accounts and many CDs are very low.
The minimum balance needed to earn interest on the money market account is steep.

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Huntington Bank banking products

2.7

Rating: 2.7 stars out of 5

Bankrate Score

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FEATURES

Huntington Bank savings overview

Huntington’s Relationship Savings account charges a $10 monthly fee that’s avoidable by maintaining an average daily balance of $2,500 or having a qualifying Huntington checking account. The account requires a minimum of $2,500 to open and earns interest on all balances, though the APY is much lower than the national average.

The bank’s Premier Savings account has no maintenance fee when you also have a qualifying checking account. Otherwise, a $4 monthly fee applies. This account also pays a rock-bottom APY that’s below the national average. A minimum $50 deposit is required to open.

Pros

Both accounts offer simple ways to avoid the monthly service fees.

Cons

The APYs on both accounts are very low.
The Relationship Savings account’s minimum opening deposit is higher than what many other banks require.

Huntington Bank

APY

APY last updated between 8/2 and 8/8.

APY

APY last updated between 8/2 and 8/8.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

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Huntington Bank CD overview

Huntington Bank offers standard CDs with terms ranging from one month to six years, giving savers the flexibility to build a CD ladder of just about any length. The minimum deposit is $1,000 for all standard CDs. Jumbo CDs are also available with a deposit of $100,000 or more.

Annual percentage yields (APYs) for standard and jumbo CDs, however, are below the national average yield across term lengths. Huntington doesn’t offer any specialty CDs, such as a bump-up or no-penalty CD.

At the time of Bankrate’s review, Huntington was offering promotional CDs with terms of seven and 11 months as well as promotional jumbo CDs (that require a minimum deposit of $100,000) with terms of 215 and 335 days, all of which earn high rates.

Pros

The wide range of terms gives customers the ability to build a CD ladder.
The minimum deposit for all standard CDs is a manageable $1,000.

Cons

Most CD yields are very low, even for jumbo CDs.
No bump-up or no-penalty CDs are available.

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Huntington Bank

APY

APY last updated between 8/2 and 8/8.

APY

APY last updated between 8/2 and 8/8.

National average APY

Term length

How do we get this data?

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Huntington Bank APY APY last updated between 8/2 and 8/8. APY APY last updated between 8/2 and 8/8	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
08/06/2024	0.50%	1.45%
07/02/2024	0.50%	1.41%
06/04/2024	0.50%	1.43%
05/21/2024	0.50%	1.42%
04/02/2024	0.10%	1.42%
03/12/2024	0.10%	1.43%
02/06/2024	0.10%	1.42%
12/05/2023	0.10%	1.43%
11/07/2023	0.10%	1.45%
10/03/2023	0.10%	1.46%
09/05/2023	0.10%	1.43%
08/15/2023	0.10%	1.38%

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Huntington Bank money market overview

The Huntington Relationship Money Market account earns a paltry standard rate on balances over $25,000, with no interest on lower balances. However, promotional rates are currently offered that are very competitive — although you’ll need a minimum balance of $25,000 to earn any interest. Promotional rates are higher for customers who also have a Huntington checking account.

The account offers check-writing privileges and an ATM card is available. A $25 monthly fee applies, but it can be waived by maintaining a $25,000 minimum balance or by linking a qualifying checking account.

Pros

The money market account has check-writing privileges and an ATM card.
Current promotional rates are high for balances of $25,000 or more.

Cons

The minimum balance needed to earn interest and waive the monthly fee is steep.

4.5

Rating: 4.5 stars out of 5

Bankrate Score

Compare top checking rates

Huntington Bank checking overview

Huntington’s checking accounts include Asterisk-Free Checking, Huntington Perks Checking and Huntington Platinum Perks Checking.

Asterisk-Free Checking is a no-frills, free checking account. There’s no minimum deposit needed to open the account and no monthly maintenance fee.

Huntington Perks Checking is an interest-bearing account that waives fees for up to five ATM withdrawals per month, among other features. The account’s $10 monthly fee can be waived if you have $1,000 in total monthly deposits or keep $5,000 in total relationship balances.

Huntington Platinum Perks Checking is another interest-earning account, and its $25 monthly maintenance fee is waived when you have $25,000 or more in total relationship balances. Perks include free unlimited non-Huntington ATM withdrawals.

Pros

Asterisk-Free checking charges no maintenance fee and requires no minimum deposit.
Perks Checking and Platinum Perks checking earn a little bit of interest.

Cons

Asterisk-Free checking charges $3.50 for each out-of-network transaction.

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Bank fees

Fee	Charges
Overdraft fee	$15
Nonsufficient funds fee	None
Monthly maintenance fee	$0 – $25
Out-of-network ATM fee	$3.50
Excessive transaction fee	None

Customer experience

Customer service. Customer service is available 7 a.m. to 8 p.m. ET, daily. An automated assistant is also available. Customers have access to a range of features, including 24-Hour Grace, which gives account holders until midnight the next day to bring their accounts positive when they've been overdrawn.

Branch availability. Huntington Bank has more than 1,000 branches across 11 states: Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, Wisconsin, and West Virginia.

Highly-rated mobile app. Huntington’s mobile app is highly rated on the Apple App and Google Play stores. Huntington offers All Day Deposit, which extends the banking day until midnight for deposits made at an ATM or through its mobile app. Additional features include online bill pay as well as mobile banking and account alerts, and debit cards can be linked to digital wallets, like Samsung Pay and Google Pay, to pay for purchases with a smartphone.

Bankrate staff insights

"I've used Huntington Bank as my primary bank for over a decade and have always appreciated how easy it is to conduct my financial business through them. Huntington’s early pay feature means my direct deposit comes up two days early, which is nice to have," said a Bankrate staff member and accountholder. "Though, I’ve generally had to look elsewhere to earn a competitive interest rate on my emergency fund savings."

About Huntington Bank

Founded in 1866, The Huntington National Bank offers a full range of products and services, including deposit accounts, wealth management and insurance. It merged with TCF Financial Corp. in 2021 and now operates more than 1,000 branches in 11 states, mainly in the Midwest and the South.

How Huntington Bank compares with other banks

Compare different account types offered by Huntington Bank. Annual percentage yields (APYs) shown were updated between Aug. 2, 2024 and Aug. 8, 2024.

Selected bank Huntington National Bank CD Member FDIC Bankrate score Rating: 4.7 stars out of 5 4.7 Bankrate CD rating = 4.7/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score.	Most comparable EverBank CD Member FDIC Bankrate score Rating: 4.6 stars out of 5 4.6 Bankrate CD rating = 4.6/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Aug. 2, 2024 and Aug. 8, 2024.
0.50%	5.05%
Minimum deposit
$1,000.00	$1,000.00
Term
1 yr	9 mos

Huntington Bank offers a wide variety of CDs, ranging from as short as one month to as long as six years. All terms earn a very low yield, even with higher balances. However, Huntington Bank does have a couple of promotional CDs with competitive yields. All CDs, standard and promotional, require a minimum deposit of $1,000.	Everbank has CD terms ranging from three months to five years. Its CDs require a $1,000 minimum opening deposit.

Huntington Bank offers a wide array of CD terms. Some promotional terms earn robust APYs.	EverBank Performance℠ CDs offers competitive yields, similar to other online banks.	N/A
Much higher yields on CDs can be found elsewhere. Higher balances don’t earn higher yields.	Some banks have lower minimum opening deposit requirements. No IRA CDs are offered.	N/A

Selected bank Huntington National Bank checking account Member FDIC Bankrate score Rating: 4.5 stars out of 5 4.5 Bankrate Checking rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score.	Most comparable SoFi checking account Member FDIC Bankrate score Rating: 4.9 stars out of 5 4.9 Bankrate Checking rating = 4.9/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bankrate score Bankrate Checking rating Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Aug. 2, 2024 and Aug. 8, 2024.
0.02%	0.50%
Minimum balance to open
$0.00	$0.00

Huntington Bank’s Asterisk-Free Checking account doesn’t require a minimum opening deposit nor does it charge a monthly fee. There is some coverage against overdraft fees, but if you do get hit with a fee, it’ll be $15 per overdrawn transaction. Moreover, Huntington Bank charges a $3 out-of-network ATM fee.	SoFi Checking and Savings lets you earn a competitive annual percentage yield and it gives you access to direct deposits up to two days early. The account also lets some customers overdraft by $50 or less without being charged a fee.

The Asterisk-Free Checking account is free to open. The account comes without a monthly fee.	Customers can receive early direct deposits at SoFi Bank. SoFi customers have access to Allpoint network ATMs. SoFi customers earn a very competitive APY. The SoFi checking and savings account doesn’t have fees, which includes overdraft fees.	N/A
There are a host of fees included with this account, including overdraft and out-of-network ATM fees.	You can’t just get a checking account – you have to get both a checking and savings account.	N/A

Huntington National Bank vs. Chase Bank

Huntington National Bank has approximately 1,200 locations across 11 states. In contrast, Chase Bank, one of the largest banks in the country, has nearly 5,000 across 49 states. As such, if you’re looking for a bank with a large branch network, Chase may be the better choice.

Both banks offer similar yields on many of their deposit products, including their standard CDs and savings accounts. (Yields at both banks are very low; higher yields are easily found elsewhere.) That noted, Chase doesn’t offer a money market account, but Huntington Bank does.

Huntington National Bank FAQs

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Huntington Bank Review 2024 | Bankrate (2024)

FAQs

Is Huntington Bank financially stable? ›

Financial Info

On October 10, 2023, Fitch affirmed The Huntington National Bank's rating at A- and outlook remains stable.

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Is my money safe at Huntington Bank? ›

At Huntington, we take your account security very seriously. We are an FDIC-insured bank, which means your money is protected up to the FDIC insurance limits. The standard insurance amount provided by the FDIC is $250,000 per dispositor, per insured bank, for each account ownership category^‡.

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What are the disadvantages of Huntington Bank? ›

Huntington National Bank provides a solid customer satisfaction experience, and its checking accounts come with a variety of perks. It does have a few drawbacks, such as stricter eligibility requirements for certain rates and a limited branch footprint of 11 states.

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How long does it take to get 400$ bonus on Huntington Bank? ›

Enjoy your bonus

$400 for Perks Checking^¶ or $600 for Platinum Perks Checking^¶ will be deposited in your new account within 14 days of meeting requirements.

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Is Huntington Bank going bankruptcies? ›

The Probability of Bankruptcy of Huntington Bancshares Inc (HBAN) is 5.4% . This number represents the probability that HBAN will face financial distress in the next 24 months given its current fundamentals and market conditions.

Read The Full Story ›

Is Huntington Bank being bought out? ›

COLUMBUS, Ohio, June 9, 2021 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN; "Huntington") today announced it has closed its merger with TCF Financial Corporation ("TCF"), creating a Top 25 U.S. bank holding company.

Is Huntington Bank trustworthy? ›

Huntington Bank is insured by the Federal Deposit Insurance Corporation (FDIC), which means that deposits up to $250,000 per depositor are insured.

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What is the safest bank to keep your money in? ›

Summary: Safest Banks In The U.S. Of September 2024

Bank	Forbes Advisor Rating	Learn More
Chase Bank	5.0	Learn More Read Our Full Review
Bank of America	4.2
Wells Fargo Bank	4.0	Learn More Read Our Full Review
Citi®	4.0

1 more row

Aug 30, 2024

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What is the health rating of Huntington Bank? ›

Huntington National Bank's money market rates are 10X the national average, and it has an A health rating.

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Is Huntington Bank secure? ›

So Secure, We Offer a Personal Guarantee.

At Huntington, we are committed to providing a secure and reliable online experience. You can be certain your money is safe and your payments will be sent on time. In fact, we guarantee it.

Is Huntington Bank changing their name? ›

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, TCF will merge into Huntington, and the combined holding company and bank will operate under the Huntington name and brand following the closing of the transaction.

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How many bank accounts should I have? ›

The ideal number of bank accounts depends on your financial habits and needs. You might be happy with just two accounts – checking and savings – or you may want multiple accounts to separate business and personal expenses, share a bank account with a partner or maintain separate accounts for various financial goals.

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What is the maximum withdrawal from Huntington Bank? ›

ATM Withdrawal Limits at the Top Banks

Institution	Daily ATM Withdrawal Limit
Huntington Bank	$400
Ally Bank	$1,000 (may be limited to $500 in the first 90 days)
BMO Bank	$1,000
HSBC Bank	$500–$1,000, depending on the account type

14 more rows

Jun 30, 2023

What bank gives you the most money for opening an account? ›

The 10 best checking account bonuses of September 2024

Checking account	Bonus amount	Time frame for deposits
BMO Relationship Checking	$500	90 days
All Citibank Checking accounts	$300	90 days
Chase Bank Total Checking	$300	90 days
Wells Fargo Everyday Checking	$300	90 days

6 more rows

Sep 3, 2024

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Where does Huntington Bank rank in the US? ›

20 Largest Banks in the U.S.

Rank	Bank	Assets (domestic)
16	Huntington National Bank	$192.86 billion.
17	American Express National Bank	$189.50 billion.
18	Key Bank	$185.23 billion.
19	Ally Bank	$182.37 billion.

16 more rows

May 30, 2024

Which bank is the most financially stable? ›

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.

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Huntington Bank Review 2024 | Bankrate (2024)

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We want to know what you think about Huntington National Bank

Huntington Bank banking products

Huntington Bank savings overview

Pros

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Huntington Bank savings rates

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Huntington Bank CD overview

Pros

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Huntington Bank CD rates

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How We Make Money

Barclays

Huntington Bank money market overview

Pros

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Huntington Bank checking overview

Pros

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Advertiser Disclosure

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SoFi

Bank fees

Customer experience

Bankrate staff insights

About Huntington Bank

How Huntington Bank compares with other banks

Huntington National Bank vs. Chase Bank

Huntington National Bank FAQs

Review methodology

FAQs

Is Huntington Bank financially stable? ›

Is Huntington Bank changing their name? ›