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Huntington National Bank Review 2022

Published February 2022 by Karen Bennett

AT A GLANCE
3.4

Bankrate Score

bank-logo

ATM fee refunds

Free Checking

Huntington 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.

  • Checking
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    4.8
  • Savings
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    2.7
  • CDs
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    2.5
  • MMAs
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    1.9
  • MORE HIGH-YIELD OPTIONS
    MORE HIGH-YIELD OPTIONS
    LendingClub

    Member FDIC

    Savings account

    0.85 % APY

    $ 0

    Min. balance for APY

    Sallie Mae

    Member FDIC

    MMA

    0.75 % APY

    $ 0

    Min. balance for APY

    Barclays

    Member FDIC

    Savings account

    0.70 % APY

    $ 0

    Min. balance for APY

    Overall

    3.4

    Bankrate Score

    The Huntington National Bank offers consumer-friendly products and a network of more than 1,100 branches mostly in the Midwest and South.

    What we like

    • A free checking account is available.

    • The bank offers customers access to a range of features, like 24-Hour Grace, which provides an extra business day to make deposits to avoid overdraft and return fees.

    • A wide range of CD terms gives customers the ability to build a CD ladder.

    What we don't

    • Yields for savers are very low.

    • The minimum balance needed to earn the intro rate on the money market account is steep.

    Checking accounts

    4.8

    Bankrate Score

    OTHER CHECKING OFFERS YOU MAY LIKE
    SoFi

    Member FDIC

    Checking account

    1.25 % APY

    $ 0

    To open

    $ 0

    To avoid fees

    Huntington offers three checking accounts: Asterisk-Free Checking, Huntington 5 Checking and Huntington 25 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 5 Checking is an interest-bearing account that waives fees for up to five ATM withdrawals per month, among other features. The account’s $5 monthly fee can be waived if you have $5,000 combined across accounts.

    Huntington 25 Checking offers the highest APY among Huntington’s checking accounts. Its $25 monthly service fee can be waived with a minimum $25,000 balance combined across accounts. Huntington waives the $3 fee for cash withdrawals at ATMs outside its network and also reimburses fees charged by the owner of the ATM.

    What we like

    • Huntington offers three checking accounts to meet the individual needs of its customers.

    • The Huntington 25 Checking account waives most fees at non-Huntington ATMs.

    What we don't

    • Customers need a sizable $25,000 in eligible deposits to waive the monthly fee on the Huntington 25 account.

    Savings accounts

    2.7

    Bankrate Score

    OTHER SAVINGS OFFERS YOU MAY LIKE
    LendingClub

    Member FDIC

    Savings account

    0.85 % APY

    $ 0

    Min. balance for APY

    Huntington offers two savings accounts: Relationship Savings and Premier Savings.

    Relationship Savings charges a $10 monthly fee, but it’s easily avoidable by maintaining  an average daily balance of $2,500 or having a qualifying Huntington checking account. The account requires just a penny to open and start earning interest, though the APY is lower than the national average, unless it is linked with a private client account.

    The Premier Savings account has no maintenance fee with an average daily balance of $300 or if it’s linked to a qualifying checking account. Otherwise, a $4 monthly fee applies. This account also pays an APY that’s below the national average. A minimum $50 deposit is required to open.

    What we like

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

    What we don't

    • The APYs on both accounts are very low.

    CD rates

    2.5

    Bankrate Score

    OTHER CD OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    CD

    2.10 % APY

    2yr

    Term

    $ 500

    Min. deposit

    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.

    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.

    What we like

    • 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.

    What we don't

    • CD yields are very low, even for jumbo CDs.

    • No bump-up or no-penalty CDs are available.

    Money market accounts

    1.9

    Bankrate Score

    The Huntington Relationship Money Market account offers the highest APY among the bank’s deposit products, but requires a minimum balance of $25,000. The rate is below the national average, however.

    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.

    What we like

    • The money market account has check-writing privileges and an ATM card.

    What we don't

    • Much better savings APYs are offered elsewhere.

    • The minimum balance needed to earn interest is steep.

    Bank experience

    Huntington Bank shines on a number of fronts. 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. Huntington also 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, 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.

    Customer service is available 8 a.m. to 7 p.m. Eastern time, daily. An automated assistant is also available.

    About Huntington Bank

    Founded in 1866, The Huntington National Bank offers a full range of products and services, including banking products, wealth management and insurance. It merged with TCF Financial Corp. in 2021 and now operates more than 1,100 branches in 12 states, mainly in the Midwest and two Southern states.

    Karen Bennett Twitter Created with Sketch. @

    Karen Bennett Twitter Created with Sketch. @

    Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. Karen brings decades of writing and reporting experience to the table, including the roles of credit cards writer for travel website Million Mile Secrets and money and career writer for The Cheat Sheet. Her work has also appeared in USA Today, Illinois Legal Times, and several Chicago, Milwaukee, and Washington, D.C. newspapers. In addition, she’s worked in the areas of marketing and business development, and she was product manager for a consumer money-saving website. When she’s not writing Bankrate articles, she can often be found cheering her kids on at soccer games, cooking and reading up on saving for retirement and other personal finance topics.