Business Insider's personal finance team compared Huntington Bank CD Rates to the best CD rates and found them to be a standard offering. If you live in a state that has Huntington Bank and you want to open a CD with a non-standard term length, Huntington Bank might be a good choice, but, in general, Huntington Bank's CD rates aren't the highest.
We've provided a list of Huntington Bank's CD rates today to help you see what CDs might be a good choice for you.
Huntington Bank offers fixed-rate CDs, jumbo CDs, and IRA CDs, although you have to go into a physical Huntington branch to get information about or open an IRA CD.
Current Huntington Bank CD Rates
Huntington Bank Promotional Fixed CD Rates
Huntington Bank 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. Promotional Fixed CDs have much better rates than Huntington's Standard Fixed CDs, but the Promotional Fixed CDs don't have many term length options to choose from.
You must deposit at least $1,000, but the rates are the same regardless of your total balance.
Although Huntington CD rates are the same in many places, rates may vary by region. The rates below are for Columbus, Ohio, which is a popular city for the bank.
| CD Term | Promotional APY |
| 5 months | 4.08% |
| 9 months | 3.05% |
Huntington Bank Standard Fixed CD Rates
Huntington Bank Standard Fixed CD rates are 0.50% APY, no matter how much you deposit in your CD or what term length you choose. For the most part, this is lower than the average CD rate across term lengths, although it's a slightly better deal on its 1-month CD.
Huntington Bank Standard Fixed CD rates have more term length options than many banks. If you have a particularly short saving goal or a longer financial goal that you want to open a CD for, Huntington could be a good choice.
You'll need to deposit at least $1,000 to open these CDs, as well. The rates below were collected using a Columbus, Ohio, ZIP code.
| CD Term | Standard APY |
| 1 month | 0.50% |
| 3 months | 0.50% |
| 6 months | 0.50% |
| 12 months | 0.50% |
| 18 months | 0.50% |
| 24 months | 0.50% |
| 36 months | 0.50% |
| 48 months | 0.50% |
| 60 months | 0.50% |
| 72 months | 0.50% |
Huntington Bank Jumbo Fixed CD Rates
Huntington Bank Jumbo Fixed Rate CD also come in Promotional and Standard forms, with the Promotional CDs paying a higher interest rate of 3.05% to 4.08% APY. Jumbo CDs are a type of CD that generally offer higher interest rates in exchange for a much higher minimum opening deposit. For Huntington Jumbo CDs, the minimum deposit is $100,000, and the rates do not change based on the amount you deposit.
Jumbo CD term lengths are measured in days; for Promotional Jumbo CDs, the term lengths are roughly equal to 5 months and 9 months.
Rates may vary by region, and the below rates are for Columbus, Ohio.
| CD Term | Promotional APY |
| 152 days | 4.08% |
| 270 days | 3.05% |
Huntington Bank Standard Jumbo Fixed CD rates are all 0.50% APY, no matter how much you put into your accounts. The Jumbo CD terms are measured in days — converted, the terms start at one-week CDs and go up to five-year CDs.
Rates may vary by region, and the below rates are for Columbus, Ohio.
| CD Term | Standard APY |
| 7 days | 0.50% |
| 14 days | 0.50% |
| 30 days | 0.50% |
| 60 days | 0.50% |
| 90 days | 0.50% |
| 180 days | 0.50% |
| 270 days | 0.50% |
| 365 days | 0.50% |
| 547 days | 0.50% |
| 730 days | 0.50% |
| 912 days | 0.50% |
| 1,095 days | 0.50% |
| 1,460 days | 0.50% |
| 1,825 days | 0.50% |
Overview of Huntington Bank CDs
Huntington Bank (Member FDIC) offers various financial products, including three types of CDs — fixed rate, jumbo fixed rate, and IRA CDs, although IRA CDs are not available online.
CD term lengths range from one week to six years. But unless you choose a promotional term with a high rate, you'll be stuck earning 0.50% APY (Annual Percentage Yield). In that case, you're better off opening a CD at one of our best banks.
The rates at Huntington Bank are similar for both regular and jumbo CDs. The most important factor is whether you choose a term that pays a standard rate or one that pays a promotional rate. Promotional rates are only available for a handful of term lengths, but they can increase the APY significantly.
Huntington Bank CD Rates Pros and Cons
Huntington Bank CD Rate Pros
- Promotional CD rates are high
- Standard minimum deposit amounts
- Interest compounds daily
Huntington Bank CD Rate Cons
- Standard CD rates are significantly lower than the national average
- Only a handful of term lengths qualify for promotional rates
- Accounts are only available for residents of Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin
Huntington Bank CD Alternatives
Huntington Bank CDs vs. Chase CDs
Similar to Huntington Bank, Chase CD rates vary drastically, ranging from 0.01% to 4.00% (vary by location) APY. But unlike Huntington, Chase's rates vary depending on how much you deposit. There are only a handful of options with competitive rates, and even then, Huntington's rates are generally higher.
To earn Chase's highest rate, you must deposit at least $100,000 and link it to a Chase checking account. In comparison, Huntington's minimum deposit of $1,000 is much more accessible, and there aren't any Huntington Bank relationship CD rates that require you to link a checking account.
Huntington Bank CDs vs. PNC Bank CDs
Like Huntington Bank, PNC doesn't have locations in every state. You can open a CD online if you live in an area without branches, but your options are more limited.
PNC CD rates range from 0.01% to 4.15% (vary by location) APY. The best offer from PNC is on a promotional CD (the term with the highest rate depends on where you live). PNC's best promotional CD rate is comparable to Huntington's best promotional CD rate, but Huntington's standard CDs offer better rates than PNC's standard CDs.
What Influences Huntington Bank CD Rates
Market Fluctuations
Like all banks and credit unions, Huntington Bank has to respond to the market when setting its CD rates. If CD rates are climbing, Huntington Bank will probably have to raise its rates in order to remain competitive; if CD rates are falling, it doesn't need to give as high an APY to stay viable.
Fed Actions
If you're wondering what the Federal Reserve is, also known as "the Fed," it's the central banking system of the U.S. The Fed holds several meetings throughout the year where it announces if it's changing its rates. Banks and credit unions will change their rates in response to (and sometimes in preparation of) those rate changes.
CD Term Length
The term length of a CD informs what rate you can get on it. Right now, short-term CD rates are higher than long-term CD rates because banks and credit unions expect the Fed to announce rate drops this year. This is also why Huntington Bank's 11-month CD offers a lower rate than its 7-month CD.
How to Open a Huntington Bank CD
Opening a Huntington Bank CD is similar to how to open a CD account in general. You'll need to provide some personal information, such as your name, physical address, and Social Security Number or Individual Taxpayer Identification number.
Huntington Bank requires you to apply at an in-person branch, so you won't be able to apply online. If you prefer applying online, you'll probably want to go with an online bank instead. You can only open an account at a Huntington branch if you live in these select states: Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin.
You'll need to be prepared to deposit $1,000 when you open regular Huntington CDs, or deposit $100,000 if you want to open a jumbo CD.
Why You Should Trust Us: How We Reviewed Huntington Bank CDs
We used Business Insider's certificate of deposit methodology to review Huntington Bank CDs.
Business Insider assesses the bank's mobile app, ethics, security, and customer service based on reviews and professional ratings from sites like the Better Business Bureau. We also examine interest rates, minimum deposits, available CD terms, miscellaneous features, and early withdrawal penalties.
Each category receives a rating from 0 to 5. We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience. Bank accounts can be anywhere from one to five stars.
Huntington Bank CD Rates FAQs
Huntington Bank's promotional CD rates are competitive, but its standard CDs offer low rates.
Like most banks, Huntington Bank sometimes updates its CD rates weekly or even daily. However, if you already have a CD with the bank, your rate won't change.
Huntington Bank offers two promotional CDs with non-standard term lengths of 5 and 9 months. It also offers CDs with term lengths both shorter and longer than what banks generally offer, as well as jumbo CDs and IRA CDs.
Yes; Huntington Bank is FDIC-insured, which means that your money is safe up to $250,000 per depositor.
No, you can open a Huntington Bank CD without having another banking product with Huntington.
