Huntington Bank Review | Your All-Time Banking Solution

Do you live in the Midwest?

Are you looking for a reliable banking solution for all your savings, credits, and deposit needs?

Huntington Bank offers all you need and so much more. It is a customer-centric bank with a lot of features and options for the modern-day banker. It caters to every possible banking need and provides stellar customer support service.

It also provides one of the best twenty-four-hour overdraft waiver facilities of any bank.

Quick Guide to What Huntington Bank Offers:

• Savings Accounts
• Certificate of Deposit Accounts
• Money Market Savings Accounts
• Checking Accounts
• Business Checking Accounts
• Retirement Planning Accounts
• Mortgage Loan Options

What Is Huntington Bank?

Huntington Bank is one of the older financial institutions in the US. It was established in the year 1866 to serve residents of Columbus, Ohio. It’s currently owned by Huntington Bancshares Inc., which has over $74 million dollars in assets.

Over the years, Huntington Bank has expanded to cover the Midwest through its branches in Ohio, Kentucky, Illinois, Michigan, Pennsylvania, Wisconsin, and Virginia. It has more than a thousand branches and almost two thousand ATMs.

Some of its services include savings, credit, checking, and investments. It also provides loans such as home equity, mortgage, direct lending, and auto loans. There are also a number of insurance options available as well.

Huntington is a highly-rated bank, having received Highest Customer Satisfaction with Retail Banking in the North Central Region by J.D. Power for the last five years straight. It offers flexible banking products for customers which makes it a favorite among many clients.

Huntington Bank Quick Facts

• BBB-accredited banking institution with over 150 years of experience

• A wide variety of mortgage options tailored for the Midwest region, including fixed-rate, adjustable, FHA, VA, and USDA loans

• The website features an abundance of free resources, from responsive learning materials to mortgage calculators

• Offers a customer-focused banking experience and contributes to local communities

• Became a $106 billion asset regional bank holding company in 2018

• Provides digital, telephone, and ATM banking options, including over 1,800 ATM locations

Huntington Bank Accounts Overview

Huntington offers several savings and checking account options. All of these enjoy a twenty-four-hour overdraft waiver, online bill payments, and account deposits throughout the day.

Savings Accounts

Huntington offers a few savings accounts that include:

• relationship savings, and
• premier savings.

These savings accounts provide clients with a plethora of options when they need to open a savings account.

Name	Minimal Deposit	Access	Security	Fees	Terms and Rates
Huntington Relationship Savings	$2,500	Online or mobile access, telephone access, and over the counter access.	FDIC insurance; maximum limit under the law.	3% foreign transactions, $3 Other ATMs, and $10 monthly service charge for $2500 unless linked to a checking account.	O.25% APY linked to a private client checking account, 0.20% linked to a 25 interest checking account, 0.15% linked to a 5 interest checking account, and 0.5% for balances on standalone saving account.
Huntington Premier Savings	$50	Online or mobile access, and over the counter.	FDIC insurance; maximum limit under the law.	$4 monthly charge unless linked with an asterisk checking account or maintaining a daily balance of $300.	0.2 APY

Huntington Relationship Savings Account

By itself, the Huntington Relationship Savings account does not have a great interest rate. This can easily be solved by linking the savings account to your checking account to attract more interest. It also has a high minimum deposit of $2,500.

One of the advantages of this account is the overdraft protection which guarantees you a twenty-four-hour overdraft waiver for your account overdrafts.

You can easily deposit into your account using an ATM or an account-account transfer. Its online mobile application is also great for monitoring your account and withdrawals.

Huntington Premier Savings Account

The Huntington Premier savings account is a great alternative to the relationship savings account because a lower minimal deposit is pegged at $50. It allows you to enjoy all the benefits of a relationship savings account without the pressure of large deposits.

To avoid a monthly $4 service charge, simply maintain a daily $300 account balance or link your account to your Huntington Asterisk-Free Checking Account.

Certificate of Deposits Accounts (CDs)

Name	Minimal Deposit	Access	Security	Fees
Huntington Certificate of Deposit	$1,000	Online or mobile access, bank branch	FDIC insurance; maximum limit under the law.	Only early withdrawal fee.

Terms and Rates:

Promotional Terms with Standard Rates:

• 0.50% APY for 14 months.

Fixed Term Rate Standard CDs:

• 0.05% APY for 1 and 3 months,
• 0.10% APY for 6, 9, 12, 18 months,
• 0.10% APY for 24 months,
• 0.10% APY for 36 months,
• 0.10% APY for 48 months,
• 0.10% APY for 60 and 72 months

Fixed-Rate Jumbo CDS:

• Promotional: 0.50% APY for 425 Days
• 0.05% APY for 7, 14, 30, 60, 90 Days,
• 0.10% APY for 180, 270, 365, 547 Days,
• 0.10% APY for 730 & 912 Days,
• 0.10% APY for 1,095 Days,
• 0.10% APY for 1,460 Days,
• 0.10% APY for 1,825 Days (5 years)

Unlike savings accounts, A CD allows you to keep your money in your account for a specified period of time. This allows you to gain more interest. The only downside of this product is that you are slapped with a penalty for any early withdrawals.

A standard CD has a minimum deposit of $1000 while a jumbo CD requires a minimum deposit of $100,000. Every CD account comes with a ten-day grace period for withdrawal before the CD is renewed.

Money Market Savings Account

Name	Minimal Deposit	Access	Security	Fees
Huntington Money Market Savings Account	No minimal deposit but $25,000 is needed to earn interest unless linked to checking account.	Online, mobile access, bank branch.	FDIC insurance; maximum limit under the law.	$25

Terms and Rates:

Introductory Interest Rate (180 Days)

• Balances of $25,000.00 to $2,000,000.99: 0.05%,
• Balances of $2,000,001.00 to $99,999,999,999.99: 0.05%,

Linked to the 5 Checking

• Balances of $25,000 to $2,000,000: 0.50%% APY,
• Balances of $2,000,001 to $99,999,999,999: 0.60% APY,

Linked to the 25 Checking Account

• Balances of $25,000 to $2,000,000: 0.05% APY
• Balances of $2,000,001 to $99,999,999,999: 0.06% APY

Linked to the Private Client Account Balances of $25,000 to $2,000,000: 0.06% APY

• Balances of $2,000,001 to $99,999,999,999: 0.06% APY,

With Other Checking Account

• Balances of $25,000 to $2,000,000: 0.05% APY
• Balances of $2,000,001 to $99,999,999,999: 0.06% APY

Huntington Money Market Savings Account

One main disadvantage of the Huntington Money Market Savings account is that it requires a huge opening balance of $25,000 to get an interest rate.

If you can’t manage the $25,000 opening balance or if you want to bump up your interests, you can link your account to any of your Huntington checking accounts.

Open a Huntington MMA

Checking Accounts

Name	Minimal Deposit	Access	Security	Fees	Terms and Rates
Huntington 25 Checking Account	$25	Online, mobile access, bank branch.	FDIC insurance; maximum limit under the law.	$25 or a $25,000 balance in Huntington Relationship Savings account	0.25% APY
Huntington 5 Checking Account	$5	Online, mobile access, bank branch.	FDIC insurance; maximum limit under the law.	$5 or a $5,000 balance in Huntington Relationship Savings account	0.15% APY
Huntington Asterisk Checking Account	None	Online, mobile access, bank branch.	FDIC insurance; maximum limit under the law.	None	None

Huntington 25 Checking Account

The Huntington 25 checking account is the bank’s premium checking account that attracts a 0.25 APY. You also have access to your money everywhere you go with its out-of-network ATM waivers.

Huntington 5 Checking Account

The Huntington 5 checking account, on the other hand, gives you a 0.15 APY, with a small $5 monthly service charge. You can access five out-of-network ATMs with their waiver.

Huntington Asterisk-Free Checking Account

The simplest checking account by Huntington Bank is the Huntington Asterisk-Free Checking Account with no opening balance and no monthly maintenance fee. It also excludes interest.

Business Checking Accounts

Huntington Unlimited Business Checking

If you’re looking for business checking in the Midwest, Huntington Bank’s Unlimited Business Checking offers a solid option.

I like the account’s ability to combine the high-volume, high-security needs of your small business with the user-friendly elements of personal banking.

Simultaneously, the account can generate cash flow analyses to help manage your day-to-day business. You can also save 10 percent on your Paychex fees if you pull payroll from this account.

Your business can waive the account’s $20 monthly fee by keeping $10,000 in Huntington accounts.

Open an Account

Huntington Unlimited Plus Business Checking

Larger businesses may opt for Huntington’s Unlimited Plus account which charges a $40 monthly fee waivable with $50,000 in Huntington accounts.

The main differences between Unlimited and Unlimited Plus:

• Interest: Your Unlimited Plus account can generate interest on its checking balance. Rates tend to be lower than savings or CD rates but if your business needs a large checking balance, you may as well be earning something on it.

• Deposit Fees: You can deposit $25,000 a month in cash with no fees with Unlimited Plus. (Huntington’s Unlimited account charges fees of $0.30 per $100 after $10,000 in cash deposits per month.

Both business accounts allow free ACH transfers and offer up-to-date fraud detection tools.

Open an Account

Retirement Planning Accounts

Name	Minimal Deposit	Access	Security	Fees	Terms and Rates
Huntington IRA CDs	$1,000 for CD	Online, mobile access, bank branch.	FDIC insurance; maximum limit under the law.	No monthly service charge but can attract IRA early withdrawal.	IRA

Huntington Bank allows you to set up either a traditional or a Roth IRA that guarantees you a tax-free retirement withdrawal.

Huntington Bank Mortgage Options

Finding the perfect mortgage starts with evaluating your financial situation and researching. Huntington Bank boasts a comprehensive list of consumer-friendly loan types, all tailored to meet the unique needs of Midwestern homeowners. Whether you’re a first-time buyer or looking to upgrade, Huntington can work with you to negotiate a personalized and affordable mortgage that will suit your needs and goals.

Fixed-Rate Loans

This fixed-rate mortgage comes with flexible loan terms and predictable payments, giving borrowers both financial freedom and rate stability. Huntington Bank mortgage rates can go as low as 4.875 for this loan type, with APRs available at 5.070 percent for a conventional 30-year fixed loan term. This type of loan is particularly suited to borrowers who have found their dream home and plan to settle down for a while.

Adjustable-Rate Loans

Compared to its fixed-rate counterpart, this adjustable-rate mortgage (ARM) offers lower starting rates that stay low until the introductory period elapses. This mortgage features initial interest rates as low as 3.750 percent with APRs below 4 percent, depending on the selected loan term.

After the introductory period, rates are subject to change and may increase or decrease depending on market performance. This is a perfect loan type for homebuyers who are unsure about whether they will move to a new home after the fixed period is up.

FHA Loans

This loan type was designed to be a safe option for first-time homebuyers and is backed by the Federal Housing Administration to ensure lower-income Americans have access to affordable mortgage options. Huntington Bank FHA mortgages require a minimum down payment of 3.5 percent and can feature fixed or adjustable rates, depending on borrower preferences and eligibility.

VA Loans

In support of veterans, service members, and eligible military spouses, Huntington Bank offers VA loans with $0 down payments for qualified borrowers. This mortgage option doesn’t require private mortgage insurance (PMI) and is backed by the Department of Veterans Affairs for added financial security. As an additional thank you to veterans and service members, Huntington limits its closing costs to $500 on eligible VA loans.

USDA Loans

For qualified borrowers looking to purchase a home in rural areas, Huntington Bank offers government-backed USDA loans insured by the United States Department of Agriculture. These mortgages provide affordable financing options for homebuyers with low or moderate income, making them a great choice for anyone looking to settle down on a country road.

Jumbo Loans

This mortgage option was designed to help borrowers secure large homes and/or properties in locations with competitive real estate prices. Huntington has worked with qualified borrowers to obtain jumbo loans as high as $2.5 million.

Mortgage Options Offered by Huntington Bank

Mortgage Type	Benefits	Rates	APR	Ideal For
Fixed-Rate Loans	Predictable Payments, Rate Stability	Starting at 4.875%	From 5.070% (30-Year Term)	Long-Term Homeowners
Adjustable-Rate Loans	Lower Initial Rates	Starting at 3.750%	Variable Rates	Those Considering Future Moves
FHA Loans	Safe Option for First-Time Buyers	3.5% Down Payment	Fixed or Adjustable	Lower-Income Homebuyers
VA Loans	$0 Down Payment, No PMI	Veterans, Service Members, Military Spouses	Limited to $500	Eligible Veterans and Service Members
USDA Loans	Affordable Financing	Rural Area Homebuyers	Backed by U.S. Department of Agriculture	Homebuyers in Rural Areas
Jumbo Loans	Financing for Large Homes	Up to $2.5 Million		Expensive Real Estate Properties

Huntington Bank’s Presence

Huntington Bank has a record 1,800 ATMs spread across the Midwest. It has more than a thousand active branches allowing you to bank conveniently.

With its website and mobile app, you can perform all your traditional banking operation at your convenience and comfort. You can make transfers, check balances, make payments, creating alerts and notifications for your accounts.

Creating a Bank Account With Huntington

Creating a bank account with Huntington is as simple as logging into their website with your social security number and government-issued ID. You might need to provide some personal information and a few electronic documents, but in no time, you will be good to go.

Alternatively, you can visit a branch and get yourself a ready-to-use account from one of their professional customer support agents.

Is Huntington Bank for You?

Huntington Bank is a great choice for anyone looking for a checking account. It has some impressive options with low monthly operational fees and great interest rates.

It also has great twenty-four-hour overdraft protection facility that ensures you don’t get unnecessary penalties.

One of the drawbacks of using Huntington is that their interest offerings are relatively low for the savings accounts.

Linking the checking and the savings accounts is the only way you can actually boost your interest rates.

If you are based in Ohio or the Midwest and are looking for a complete banking solution, this is the best bank for you.

You can take advantage of their mobile application and online presence to take more control of your finances and pay your bills more conveniently.

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