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Huntington National Bank Review 2024

Updated January 2, 2024
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At a glance

4.2
Rating: 4.2 stars out of 5
Bankrate Score
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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

About Bankrate Score

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
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Bank logo
Member FDIC.
Savings Account
5.25
%
APY
APY
Info
As of 7/16/2024
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: No fees. Easy deposits and quick withdrawals.
Bank logo
Member FDIC
Savings Account
5.30
%
APY
APY
Info
As of 7/16/2024
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Promoted offer: No account fees, unlimited withdrawals, better for the planet
Bank logo
Member FDIC
Savings Account
5.00
%
APY
APY
Info
As of 7/16/2024
Rating: 4.9 stars out of 5
$100
Min. balance for APY
View offer Arrow Right
Promoted offer: Plus, no monthly fees and unlimited free external transfers

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

  • Checkmark

    A free checking account is available.

  • Checkmark

    Huntington offers a 24-hour grace period on overdrawn transactions before incurring a fee.

  • Checkmark

    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

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

  • Checkmark

    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
    Info
    National average APY
    How do we get this data?
    Info
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Sponsored Offer
Info

This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.

Bank logo
Member FDIC.
Savings Account
5.25
%
APY
APY
Info
As of 7/16/2024
Rating: 5 stars out of 5
Info
$0
Min balance for APY
Promoted offer: No fees. Easy deposits and quick withdrawals.

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.

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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 July 9, 2024 and July 15, 2024.

Selected bank
Huntington National Bank CD
Huntington National Bank Logo
Member FDIC
Bankrate score
Rating: 4.7 stars out of 5
4.7
Info
Most comparable
EverBank (formerly TIAA Bank) CD
EverBank (formerly TIAA Bank) Logo
Member FDIC
Bankrate score
Rating: 4.8 stars out of 5
4.8
Info
Read review
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APY
Info
0.50% 5.05%
Minimum deposit
$1,000.00 $1,000.00
Term
1 yr 9 mos
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. Everbank has CD terms ranging from three months to five years. Its CDs require a $1,000 minimum opening deposit.
  • 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
  • EverBank Performance℠ CDs offers competitive yields, similar to other online banks.
    N/A
  • Most CD yields are very low, even for jumbo CDs
  • No bump-up or no-penalty CDs are available
  • Some banks have lower minimum opening deposit requirements.
  • No IRA CDs are offered.
    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.