Huntington financial institution has been based in Columbus since 1866, Ohio that offers many services to its customers living in the Midwest.
It belongs to Huntington Bancshares Inc., which holds assets of more than $74 billion. By deposits, it enjoys the status of the biggest bank in Ohio.
It provides financial products, including checking accounts, saving accounts, Certificate of deposits, various loans, investments, and insurance opportunities.
However, to open an account in this bank, you should be living in Illinois, Michigan, Ohio, Kentucky, West Virginia, Wisconsin, or Pennsylvania.
The savings accounts of this bank don’t come with attractive interest rates; however, to get protection against overdraft fees, you can link it to the checking accounts and gain certain perks.
The linking of CDs with the checking accounts helps you to enhance your interest rate.
Moreover, Huntington bank provides you an opportunity of enjoying the grace period before charging you an overdraft fee.
Moreover, its award-winning customer support service makes it a go-to option for customers.
It makes it stand out because it provides customizable services to its clients and caters to their banking requirements through face-to-face customer service.
Moreover, with more than 1000 branches and 1800 ATMs, it ensures easy access to its customers.
Summary
| Bank | Huntington National Bank |
| Rating | 4.2 |
| Saving rate | 0.25% |
| Monthly Fees | $10 |
| Savings Accounts Opening Fess | $50 |
| Website | Click Here |
Key Takeaways
- It offers two kinds of savings accounts, a CD account, a Money Market Savings Account, and many other services to choose from.
- Its savings accounts offer an all-day deposit, free online bill payment, and a grace period of 24 hours before charging an overdraft fee.
- Huntington National bank offers 24*7 online services and commercial and residential mortgages.
Products Offered
The products offered by the Huntington National bank include
- The two saving accounts with waivable monthly fees and linking to the checking account increased the interest rate.
- Its CD account offers fixed rates from one month to six years. Moreover, it also provides Jumbo CD offers that range from 7 days to 5 years.
- MMAs come with tiered interest rates, and it also depends upon the checking account you link it with. This linkage bumps up the interest rate of the account.
- Huntington National banks offer different checking accounts that earn interest. These checking accounts include
- The Asterisk-free does not charge you a monthly account maintenance fee.
- Huntington 25 does not charge an out-of-network ATM fee.
- Huntington 5 waives off the five out-of-network ATM charges during each statement cycle.
- Then comes the Platinum debt offer, which provides price protection on many products and provides extended warranties.
- It comes with traditional and Roth IRA accounts to invest in CDs or a cash account.
Interest Rate Of The Huntington National Bank
The interest rate of this bank is 0.02%, whereas the national average interest rate is 0.25%.
Although it does not offer a very high-interest rate, it outshines the rates of many brick and mortar banks.
It allows you an opportunity to waive off your monthly account maintenance fee or eliminate the minimum balance requirement by linking the checking and saving accounts.
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Huntington National Bank Account Features
From standard savings accounts to Certificates of deposits, it provides various banking options.
Its savings accounts offer an all-day deposit, free online bill payment, and a grace period of 24 hours before charging an overdraft fee.
Moreover, you can also waive off the monthly fee by combining checking accounts and saving accounts.
Huntington Relationship Savings
| Minimum Deposit | Opening of account $2500. |
| Access to account | Physical branches, mobile and online banking. |
| FDIC insured | Up to the maximum allowed amount |
| Terms and rates | 0.02% APY on a standalone savings account, 0.03% on linking to Huntington 5 Interest Checking Account0.05% APY on linking to Huntington 25 Interest Checking Account0.08% APY on linking to Huntington Private Client Account. |
| Monthly fee | $10 (waivable maintaining $2500 average daily balance Linking to Huntington 5 or Huntington 25 interest checking account) 3$ on out of net ATM transaction 3% fee on foreign transactions. |
It also provides overdraft protection and powers the checking and saving accounts over a 24-hours grace period.
Federal regulations limit the number of transfers of money market or savings accounts for each statement cycle.
Huntington charges a $2 excessive debit fee for each withdrawal or transfer (excluding ATM, telephone, and internet banking transfers) that exceeds six per calendar month if you receive quarterly statements or six per statement cycle in case of receiving monthly statements.
You can set the alerts on your mobile applications and receive notifications or messages about your transactions, balance, and bill payment.
Huntington Premier Savings
| Minimum Deposit | $50 |
| Access to account | Physical branches, mobile and online banking. |
| FDIC insured | Up to the maximum allowed amount |
| Terms and rates | 0.02% APY |
| Monthly fee | $4 (waivable maintaining $300 average daily balance Linking to Huntington Private Client account or Asterisk-Free Checking Account ) 3$ on out of net ATM transaction 3% fee on foreign transactions. |
The savings account has all the features of a relationship saving account, but its perk is that its minimum opening balance is $50.
Its monthly fee is waivable on maintaining an average minimum balance of $300.
Huntington Certificates of Deposit (CDs)
| Minimum Deposit | $50 |
| Access to account | Physical branches, mobile and online banking. |
| FDIC insured | Up to the maximum allowed amount |
| Terms and rates | For standard CD 0.01% APY for 1&3 months0.05% APY for 6, 9, 12, 18 Month0.01% APY for 24,36, 48, 60&72 months For Jumbo CD 0.01 % APY for 7, 14, 30, 60, 90 Day0.05% APY for 180, 270, 365, 547 Day0.10% 730 & 912, 1,095, 1,460, 1,825 Day (5 years) |
| Monthly fee | No fee, Early withdrawal penalty. |
The CD account of the Huntington National Bank offers the features of saving accounts but with a defined time set.
It provides tiered interest rates, higher than the saving accounts, but charges a penalty on withdrawing money early.
The minimum opening balance of a standard CD is $1,000, which is $100,000 in case of a jumbo CD account.
After the end of one CD term, you can withdraw your money within ten business days. Afterward, your money will enter another CD cycle.
Huntington Money Market Savings Account
| Minimum Deposit | $25,000 |
| Access to account | Physical branches, mobile and online banking. |
| FDIC insured | Up to the maximum allowed amount |
| Terms and rates | Non-Relationship Rate0.05% APY on the balance of $25,000 and more.When Linked to Huntington 5 Checking0.05% APY on the balance of $25,000 and more. When Linked to Huntington 25 Checking Account0.05% APY on the balance of $25,000 and more.When Linked to Private Client Account0.08% APY on the balance of $25,0000 and more |
| Monthly fee | $25 |
If your account is tied to Huntington 25 Checking Account or Huntington 5 Checking Account, then you can qualify for the addition of the amount to your interest rate after its adjustment.
Huntington IRA CDs
| Minimum Deposit | $1,000 |
| Access to account | Physical branches, mobile and online banking. |
| FDIC insured | Up to the maximum allowed amount |
| Terms and rates | Non-Relationship Rate0.05% APY on the balance of $25,000 and more.When Linked to Huntington 5 Checking0.05% APY on the balance of $25,000 and more. When Linked to Huntington 25 Checking Account0.05% APY on the balance of $25,000 and more.When Linked to Private Client Account0.08% APY on the balance of $25,0000 and more |
| Monthly fee | No fee, early withdrawal penalty. |
Planning to save for your retirement, you can set up your account in Huntington IRA plans.
You can either go for a Roth IRA or Traditional IRA, or Roth IRA.
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What differentiates Huntington National Bank from others?
Following are the features that differentiate Huntington National Bank from others:
- You can get commercial and residential mortgages from Huntington National Bank
- They offer 24*7 online services
- A perfect bank for people who like to do in-person banking
- You get standby cash and under such services at Huntington National Bank
- You learn about investments, and you get advisory satisfaction
Our experience with Huntington National Bank
Well, I live in Midwest, so for me, Huntington National Bank totally worked. I have always preferred in-person banking because I don’t trust online banking much.
It has friendly consumer offerings that include free checking accounts, no-frills, and much more.
But if you are more of an online banking person, then you shouldn’t choose Huntington National Bank that would be my suggestion.
Huntington National Bank Comparison:
Let’s compare Huntington National Bank with other similar services.
Huntington National Bank vs. Bank of America
You get Standby cash, a cashback credit card, the Ohio state voice credit card, mortgages, and many other services at Huntington National Bank.
Whereas Bank of America account, holders can enjoy cashback deals while using BankAmerideals no matter where they reside.
Huntington National Bank vs. US Bancorp
More than 80% of transactions and 65% of loans have been processed through the online banking of US Bancorp.
You get financial services, depository services, capital markets, and investment management services from US Bancorp.
Their services are not available at Huntington National Bank.
Huntington National Bank vs. Wesbanco
Wesbanco has earned a #7 rank in the US because it has been trustful, helping the bank. It offers online banking and bill pay services.
You can make your deposits from your cellphone and do unlimited transactions every month.
Whereas Huntington National Bank is more investment, mortgage bank, it also provides online banking services.
Frequently Asked Questions
What Are Online Facilities Available Through The Huntington National Bank?
Huntington National bank provides you the facility to access your deposits through its website, mobile banking application, SMS, and email alerts.
These means allow you to manage your accounts, make transactions, check the status, and get alerts of the upcoming bills.
How Can I Access My Money?
The Huntington National bank allows you to access your money either through the branch or through the application.
Moreover, you can even deposit checks through mobile apps or deposit checks.
How Is The Huntington National Bank?
Huntington National bank does not offer very good interest rates.
However, it offers you an opportunity to waive off the monthly and other charges by maintaining a certain balance or linking with other accounts.
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