Jake Miller
Huntington Bank offers a variety of financial products, including fixed-rate, jumbo fixed-rate, and IRA CDs. The bank's CD rates are generally not the highest, but they offer more term length options than many other banks. The minimum deposit to open a CD account is $1,000, and rates vary by region. Huntington Bank's Standard Fixed CD rates are 0.50% APY, while their Promotional Fixed CDs offer rates ranging from 3.05% to 4.08% APY. The bank also provides Jumbo CDs, which offer higher interest rates for a much higher minimum opening deposit.
| Characteristics | Values |
|---|---|
| CD Types | Fixed-rate CDs, Jumbo CDs, IRA CDs, Promotional Fixed CDs, Standard Fixed CDs |
| Minimum Deposit | $1,000 |
| Interest Rate | 0.50% APY for Standard Fixed CDs; 3.05% to 4.08% APY for Promotional CDs |
| Term Length | 1 week to 6 years |
| Compounding Frequency | Daily, monthly, annually, or at maturity |
| Compounding Interest | Yes |
| FDIC Insurance | Yes, up to applicable limits |
| Rate Variation | Rates vary by region |
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What You'll Learn
Huntington Bank's CD rates are fixed
If you're looking for a secure way to grow your savings, Huntington Bank offers a variety of fixed-rate Certificate of Deposit (CD) accounts. CDs are a type of savings account that offers a guaranteed rate of return and maximum security of principal, with FDIC insurance up to applicable limits.
Standard Fixed CDs at Huntington Bank offer an interest rate of 0.50% APY, regardless of the term length you choose or the amount you deposit. This rate is generally lower than the average CD rate, but it's a good option if you're looking for a short-term or long-term savings goal. Huntington Bank also offers Jumbo Fixed Rate CDs, which are a type of CD with higher minimum opening deposits in exchange for higher interest rates. The Promotional Jumbo CDs offer an interest rate of 3.05% to 4.08% APY, providing a higher yield for those looking to maximize their savings.
In addition to fixed-rate CDs, Huntington Bank also provides IRA CDs, which combine the benefits of a fixed-rate CD with the tax advantages of an Individual Retirement Account (IRA). However, information about IRA CDs is only available in-branch, so you'll need to visit a physical location to explore this option further.
With Huntington Bank's CDs, you can rest assured that your savings are growing at a competitive rate without the risk of market fluctuations. The fixed-rate nature of these accounts ensures that you know exactly what return to expect, making it a stable choice for your financial journey.
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CD rates vary by region
It's important to note that the rates mentioned above may not be the most up-to-date, as they were collected in May 2025 for Columbus, Ohio. To get the most accurate and current information about CD rates in your region, it is recommended to visit a Huntington Bank branch or their website.
In addition to varying by region, CD rates can also depend on the term length and the type of CD selected. For example, Huntington Bank offers promotional terms with higher interest rates than their standard options. The promotional fixed CDs offer better rates than the standard fixed CDs, but they have fewer term length options.
Huntington Bank also offers IRA CDs, which are not available online and must be opened in person at a physical branch. These CDs combine the benefits of a fixed-rate CD with the advantages of an IRA account. The minimum deposit amount for most CDs is $1,000, but it's important to check the specific requirements for each CD type.
Overall, Huntington Bank provides a range of CD options with varying rates, terms, and features to suit different financial goals and preferences. By visiting a branch or exploring their website, individuals can find the most suitable CD option for their needs and take advantage of the competitive rates offered by the bank.
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CDs offer a guaranteed rate of return
Certificates of deposit (CDs) are a type of savings account that offers a guaranteed rate of return. CDs are FDIC-insured up to applicable limits, and they offer fixed term lengths, a fixed date of withdrawal, and fixed interest rates that are usually higher than a savings or money market account. Huntington Bank offers fixed-rate CDs, jumbo CDs, and IRA CDs.
The interest rate on a CD is locked in for the entire term of the CD, so you don't have to worry about market shifts affecting your savings. This makes CDs a stable and secure way to grow your savings over time. With a CD, you can earn a competitive yield and know exactly how much your money will grow, making it easier to plan for the future.
Huntington Bank's Standard Fixed CD rates are currently 0.50% APY, regardless of how much you deposit or the term length you choose. While this rate is lower than the average across term lengths, it is a good option for those with short-term or long-term savings goals. Huntington also offers Promotional Fixed CDs, which offer higher interest rates ranging from 3.05% APY to 4.08% APY, but these have fewer term length options.
When opening a CD account at Huntington Bank, you must visit a branch and open an account in person. A banker will help you choose the best CD, term length, and interest rate based on your deposit amount and financial goals. It's important to note that once the account is opened, you typically cannot make additional deposits or withdrawals before the CD reaches its fixed date of withdrawal, also known as maturity.
With CDs, your principal deposit will earn interest that is compounded daily, monthly, annually, or at maturity. You can choose to receive this interest in regular payments or all at once when the CD matures. Overall, CDs offer a guaranteed rate of return, making them a secure and attractive option for those looking to grow their savings over time.
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Huntington Bank offers three types of CDs
Fixed-rate CDs come in two forms: Promotional Fixed CDs, which have interest rates ranging from 3.05% APY to 4.08% APY, and Standard Fixed CDs, which have an APY of 0.50%. Promotional Fixed CDs have better rates than Standard Fixed CDs, but they don't offer many term length options. The minimum deposit required for both types of fixed-rate CDs is $1,000.
Jumbo CDs are a type of CD that generally offers higher interest rates in exchange for a much higher minimum opening deposit. Jumbo CDs also come in Promotional and Standard forms, with Promotional CDs paying a higher interest rate of 3.05% to 4.08% APY. The Jumbo CD terms are measured in days, with terms starting from one-week CDs and going up to five-year CDs. The APY for both Promotional and Standard Jumbo CDs is 0.50%.
IRA CDs combine a fixed-rate CD with the benefits of an IRA. There are a variety of terms available with a minimum deposit required to open this type of CD.
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CDs require a minimum deposit of $1,000
When it comes to Certificates of Deposit (CDs), Huntington Bank offers a variety of options, including fixed-rate CDs, jumbo CDs, and IRA CDs. To open a CD account, you must visit a branch and work with a banker to determine the best option for you based on your deposit amount, term length, and interest rate preferences.
One important aspect of Huntington Bank CDs is that they typically require a minimum deposit of $1,000. This minimum deposit applies to both Standard Fixed CDs and Promotional Fixed CDs. Standard Fixed CDs offer a consistent interest rate of 0.50% APY, regardless of the term length or the total balance. On the other hand, Promotional Fixed CDs provide more attractive interest rates, ranging from 3.05% APY to 4.08% APY, but they have limited term length options.
The $1,000 minimum deposit also applies to Huntington Bank's Jumbo CDs, which are a type of CD that offers higher interest rates in exchange for a larger initial investment. The Jumbo CD terms are measured in days, with term lengths ranging from one week to five years. However, it's important to note that the interest rates for Jumbo CDs are the same as those for standard CDs, at 0.50% APY.
In addition to the minimum deposit requirement, there are other key considerations for Huntington Bank CDs. Firstly, CDs offer fixed term lengths, a fixed date of withdrawal, and guaranteed fixed interest rates that are often higher than savings or money market accounts. Secondly, once you open a CD account and make your deposit, you generally cannot make additional deposits or withdrawals before the CD reaches maturity. Your deposit will earn interest, which can be compounded daily, monthly, annually, or at maturity, and you can choose to receive this interest regularly or as a lump sum at maturity.
Overall, Huntington Bank's CDs provide a secure and stable way to grow your savings, with the added benefit of FDIC insurance up to applicable limits. While their standard CD rates may not be the highest, the bank offers flexibility in term lengths and the assurance of a guaranteed rate for the entire term of your CD.
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Frequently asked questions
The CD rates at Huntington Bank vary depending on the type of CD account. Standard Fixed CDs have an APY of 0.50%, while Promotional Fixed CDs have an APY range of 3.05% to 4.08%. Huntington Bank also offers Jumbo CDs, which have a higher minimum opening deposit and an APY of 3.05% to 4.08%.
The minimum deposit required to open a CD at Huntington Bank is typically $1,000 for most CDs, but some CDs have a minimum deposit requirement of $500.
CDs at Huntington Bank offer a stable way to grow your savings with a guaranteed rate for the entire term. They also provide FDIC insurance up to applicable limits and higher interest rates compared to traditional savings accounts.
To open a CD at Huntington Bank, you must visit a branch and open an account in person. A banker will help you determine the best CD, term length, and interest rate based on your deposit amount.
