Huntington Bank offers more than two dozen certificate of deposit (CD) options. The options vary in term length from one month up to six years. That's a larger range than many other banks, which could be a draw for some customers. Unfortunately, interest rates are quite low when compared to the best CD rates on the market. It also doesn't help that the minimum deposit is $1,000 and interest only compounds monthly.
Customers who make larger initial deposits will have access to higher interest rates. Huntington Bank does not provide the option to open a CD online. You will need to visit a branch directly. Rates may vary slightly by location but before you open any accounts, read on for the things you need to know about a CD with Huntington Bank.
Of course, Huntington Bank greatly rewards investors with significant amounts of capital to sock away in CD accounts. In fact, if you're willing to put in a deposit of at least $100,000 to take advantage of robust interest rates, you'll be able to sign up for CDs that run the gamut from seven days to 1,825 days (five years).
To calculate how much interest you could earn with a CD, try using SmartAsset's CD calculator.
Fixed Rate CDs With Minimum Deposit of Less Than $10,000
| CD Length | Minimum Deposit | APY |
| 1 Month | $1,000 | 0.05% |
| 3 Months | $1,000 | 0.05% |
| 6 Months | $1,000 | 0.10% |
| 9 Months | $1,000 | 0.10% |
| 12 Months | $1,000 | 0.10% |
| 18 Months | $1,000 | 0.10% |
| 24 Months | $1,000 | 0.10% |
| 36 Months | $1,000 | 0.10% |
| 48 Months | $1,000 | 0.10% |
| 60 Months | $1,000 | 0.10% |
| 72 Months | $1,000 | 0.10% |
Fixed Rate CDs With Minimum Deposit of More Than $100,000
| CD Length | APY: $100,000.00 – $249,999.99 | APY: $250,000.00 – $99,999,999.99 |
| 7 Day | 0.05% | 0.05% |
| 14 Day | 0.05% | 0.05% |
| 30 Day | 0.05% | 0.05% |
| 60 Day | 0.05% | 0.05% |
| 90 Day | 0.05% | 0.05% |
| 180 Day | 0.10% | 0.10% |
| 270 Day | 0.10% | 0.10% |
| 365 Day | 0.10% | 0.10% |
| 547 Day | 0.10% | 0.10% |
| 730 Day | 0.10% | 0.10% |
| 912 Day | 0.10% | 0.10% |
| 1095 Day | 0.10% | 0.10% |
| 1460 Day | 0.10% | 0.10% |
| 1825 Day | 0.10% | 0.10% |
Compare Huntington National Bank to Other Competitive Offers
Overview of Huntington Bank CDs
Huntington National Bank has its headquarters in Columbus, Ohio. The bank predominantly serves the Midwestern U.S. Most branches are in Ohio but there are also branches in Illinois, Indiana, Kentucky, Michigan, Pennsylvania, West Virginia and Wisconsin. You can also find branches in Florida and some international cities.
Huntington Bank offers more than two dozen CD options, but you can only open a CD by visiting a branch and speaking with a representative. All CDs require a minimum deposit of $1,000 and compound interest monthly. The exact interest rates you receive will depend on the length of your CD term and how much you contribute to your account.
If you open a CD with a deposit of less than $100,000, you have 11 term options to choose from. They range in length from one month up to 72 months (six years). If you contribute more than $100,000 you have access to 14 term options. However, these offers differ in that term lengths are set in days and not in months. Terms range from seven days up to 1,825 days (five years).
During your CD term, it’s possible to transfer the interest you earn from a CD account into a checking account that you have Huntington Bank. If you attempt to remove any of your principal, you will pay an early withdrawal penalty. For CD terms of 12 months or less, the penalty is 1% of your principal. For CD terms between 13 months and 24 months, the penalty is 2% of your principal. If your CD term is longer than 25 months, you will pay an early withdrawal penalty worth 3% of your principal.
When your CD reaches maturity, you will have a 10-day grace period, during which you can transfer funds and make other changes to your account. You will not incur a penalty for transfers during the grace period. If you do not transfer your funds out of the account before the end of the grace period, Huntington will automatically renew your CD for a CD of the same term length. The interest rate on the new CD will depend on the current available rates.
How Much You Earn With Huntington Bank CDs Over Time
The interest you earn with a Huntington Bank CD will depend on your term length and your initial deposit. Because interest rates are low, you won’t earn more than a few dollars if you only make the minimum deposit on a short-term CD.
The table below shows what your total balance could look like depending on your initial deposit and your term length.
| Initial Deposit | 6-Month CD | 12-Month CD | 36-Month CD | 60-Month CD |
| $1,000 | $1,000.50 | $1,001 | $1,003 | $1,005.01 |
| $2,500 | $2,501.25 | $2,502.50 | $2,507.51 | $2,512.53 |
| $5,000 | $5,002.50 | $5,005 | $5,015.02 | $5,025.05 |
| $10,000 | $10,005 | $10,010 | $10,030.03 | $10,050.10 |
How Huntington Bank CD Rates Compare to Other Banks’
The standard interest rates at Huntington Bank are significantly lower than some of the best available CD rates. Huntington does competitive rates if you compare it to other large banks like TD Bank, but TD Bank requires a minimum deposit of only $250.
If you want to get a rate that compares with those at banks like Capital One, you may need to look elsewhere.
| CD Account | Huntington Bank | TD Bank | Capital One |
| 6 Month | 0.10% | 1.00% | 4.25% APY (as of 4/11/24) |
| 1 Year | 0.10% | 1.00% | 5.00% APY (as of 5/9/24) |
| 3 Year | 0.10% | 1.00% | 4.00% APY (as of 4/11/24) |
| 5 Year | 0.10% | 1.00% | 3.90% APY (as of 4/11/24) |
Should You Get a Huntington Bank CD Account?
Huntington Bank offers a number of CD terms. This is great if you’re trying to create a CD ladder, with deposits into different CDs at various term lengths. That allows you to earn interest at more near-term intervals and get more robust returns on longer-term deposits. But in general, the interest rates on those CDs will be low. You’ll also have to make a minimum deposit of $1,000.
You should certainly consider other banks if your goal is to maximize savings. In fact, you may even want to consider putting that money into a savings account.
One reason you may consider a Huntington Bank CD is if you are already a Huntington customer. You also need to live near a branch because you cannot open a CD online with Huntington Bank.
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