Huntington Bank Review 2020

Published March 2020 by Adrian D. Garcia

AT A GLANCE
2.6
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Bankrate Score

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Credit Card Cash

ATM fee refunds

Laptop Best

Digital Leader

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Rewards Checking

Huntington is a good option if you’re looking for a lot of branches in Ohio or Michigan. Its Asterisk-Free Checking is also a good option if you don’t want to worry about maintaining a balance to avoid a fee.

  • Checking
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    3.5
  • Savings
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    3.1
  • CDs
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    2.6
  • MMAs
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    1.3
  • MORE HIGH-YIELD OPTIONS
    MORE HIGH-YIELD OPTIONS
    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    1.05 % APY

    $ 0

    Min. balance for APY

    Sallie Mae

    Member FDIC

    MMA

    0.99 % APY

    $ 0

    Min. balance for APY

    Goldman Sachs Bank USA

    Member FDIC

    CD

    1.10 % APY

    1 yr

    Term

    $ 500

    Min. deposit

    Overall

    2.6

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    Bankrate Score

    The Huntington National Bank attracts its customers with consumer-friendly products and an impressive branch network for its size.

    What we like

    • There’s a free checking account option available.

    • Offers mobile banking app with rarer features to help manage your money.

    • Offers 24-Hour Grace, a program the gives you until midnight the next day to bring your account positive.

    What we don't

    • Yields for savers are low.

    • Overdraft fees are high.

    Checking accounts

    3.5

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    OTHER CHECKING OFFERS YOU MAY LIKE
    Simple

    Member FDIC

    Checking account

    1.00 % APY

    $ 0

    To open

    $ 0

    To avoid fees

    Huntington 25 Checking offers the highest interest rates of checking accounts from Huntington Bank. There is no minimum deposit to open the account. The $25 monthly service fee can be waived with at least a $25,000 balance combined across accounts. Huntington waives the $3 fee for all cash withdrawals at ATMs outside its network as well as reimburses for fees charged by the owner of the ATM.

    Other options include: Huntington 5 Checking, which offers lower interest rates, a $5 monthly fee and limited ability to waive fees for ATM withdrawals and Asterisk-Free Checking, which does not earn interest but comes with no monthly maintenance fee.

    What we like

    • Customers can earn interest on any balance.

    • Unlimited free ATM withdrawals and free checks.

    What we don't

    • Balance to avoid $25 monthly fee is high.

    • At $37.50, overdraft charges are steeper than some banks.

    Savings accounts

    3.1

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    OTHER SAVINGS OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    Savings account

    1.05 % APY

    $ 0

    Min. balance for APY

    The Huntington Premier Savings Account has no maintenance fee if you have an average daily balance of $300 or if it’s linked to a Huntington Asterisk-Free Checking Account. You can earn higher yields elsewhere, however.

    The bank also offers the Huntington Relationship Savings account. Without a qualifying checking account, you will need to keep $2,500 in the account to avoid a monthly maintenance fee.

    What we like

    • The Premier Savings $4 monthly maintenance fee is waived if you have a Huntington Asterisk-Free Checking account.

    • Relatively low minimum balance requirement for the Huntington Premier Savings Account.

    • Huntington offers All Day Deposit. This means that the deposit day ends at midnight for deposits made at an ATM or through the mobile app.

    What we don't

    • You can find much higher yields elsewhere.

    CD rates

    2.6

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    OTHER CD OFFERS YOU MAY LIKE
    Goldman Sachs Bank USA

    Member FDIC

    CD

    1.10 % APY

    1 yr

    Term

    $ 500

    Min. deposit

    Huntington Bank offers standard CDs across terms ranging from one month to 72 months. Promotional CDs are also available. The minimum deposit is $1,000.

    Early withdrawal penalties vary depending on the length of the CD term. For 1-year CDs, the penalty for an early exit is just three months. But for CDs with terms higher than 18 months, you can lose up to a year’s worth of interest.

    What we like

    • Interest is compounded daily.

    • Interest can be paid out regularly based on your personal preference.

    What we don't

    • CD yields are low compared to what online banks offer.

    • Savers do not earn more interest for higher balances.

    • Harsh early withdrawal penalty for long-term CDs.

    Money market accounts

    1.3

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    Bankrate Score

    The Huntington Relationship Money Market Account is the top savings product at Huntington — as long as you have a linked checking account to get an introductory interest rate. An ATM card is available for the money market account.

    What we like

    • The Huntington Relationship Money Market Account has check-writing privileges.

    • An ATM card is available for the money market account.

    • This 365-day term introductory rate is longer than at other institutions that only have an introductory rate for three months — or for potentially less time.

    What we don't

    • There are much better savings APYs offered elsewhere.

    • After a year, the guaranteed introductory APY turns into a variable APY.

    • Minimum balance to earn top APY is steeper.

    • There are banks offering higher APYs.

    • Checks are only complimentary if you have a Huntington 25 account, which requires $25,000 in total relationship balances.

    Bank experience

    The Huntington Bank experience shines on a number of fronts.

    For one, customers can contact the bank 24 hours a day, seven days a week. They can also link their debit cards to digital wallets, like Samsung Pay and Google Pay, to pay for things with their smartphones. Customers can also set up alerts to get a heads up about important money moments on Huntington’s mobile banking app and more.

    In the Midwest, Huntington has a robust branch network.

     

    About Huntington Bank

    The Huntington National Bank offers a full range of products and services, including banking products, wealth management and insurance. Founded in 1866, the bank is one of the largest operating throughout the middle part of the country. It has more branches in Michigan and Ohio than any other bank. Some of its branches are operated inside of grocery stores.

    Adrian D. Garcia Twitter Created with Sketch. @ADRIANDGARCIA

    Adrian D. Garcia Twitter Created with Sketch. @ADRIANDGARCIA

    Adrian D. Garcia joined Bankrate as a data reporter in 2018. Adrian previously spent four years covering business, trends and other news stories for Denverite.com, the Fort Collins Coloradoan and other news organizations in Colorado. He graduated with a journalism degree from the University of Colorado Boulder in 2014. He participated in ProPublica's inaugural summer data institute in 2016 and the SABEW Goldschmidt Data Immersion Training in 2019.