Huntington Bank Money Market Rates
Huntington Bank Relationship Money Market Account lets you earn interest on your savings. Find out if the APY is worth your time below.
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Huntington Bank operates in Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia.
If you live in these states and want returns on your bank balance, consider Huntington's Money Market Account (MMA).
That said, the regional bank has several shortfalls. Keep reading for Huntington Money Market Account's pros and cons.
What is Huntington Bank Money Market?
Huntington has two main types of money market accounts:
- Relationship MMA
- MMA IRA
If you want a day-to-day savings option that earns interest, go for the relationship MMA. But you're trying to save for retirement, MMA IRA may be better for you.
1. Relationship Money Market Account
Relationship Money Market Account
Minimum balance to earn interest is $25,000
APY | |
---|---|
Non-Relationship | 3.71% |
With Huntington Perks Checking Account | 3.76% |
With Huntington Platinum Perks Checking Account | 3.82% |
With Private Client Account | 3.92% |
Rates are for Columbus, Ohio and may vary per location. Rates are for balances of up to $2,000,000.
Huntington's Relationship Money Market Account is a type of FDIC-insured savings account that earns interest. This account offers "relationship" benefits (more on that in a sec) and good branch and services accessibility.
However, you'll have to look past the low APYs. You earn 0.05% interest on all balances above $25,000. Keep in mind that many other savings accounts let you earn the same APY for any balance (no required amount).
Account features:
- Earn interest on all balances above $25,000
- Relationship benefits (get a higher interest rate when you also have a Huntington Perks℠ or Huntington Platinum Perks account℠)
- No monthly maintenance fees with average daily balance of $25,000 or when you have either a Huntington Perks or Huntington Platinum Perks Checking account (otherwise $25 per month)
- FDIC-insured account
- Write checks from MMA
- Up to six withdrawals per month through an ATM, electronic transfer, or check transaction
Pros:
- 24-Hour Grace®
- All-day deposit
- Email and text alerts
- Mobile deposit
- Online bill pay
- Overdraft protection
Cons:
- Low APY
- $25 monthly maintenance fees
- Requires $25,000+ balance to waive monthly maintenance fees
- Requires $25,000+ to earn interest
2. Money Market IRA
Money Market IRA
Balance | APY |
---|---|
$0.01 to $2,499.99 | 0.50% |
$2,500.00 and over | 0.50% |
Huntington's MMA IRA lets you start saving with just $1. It's an interest-bearing account with no monthly maintenance fee. The account is geared toward individuals who are new to IRAs.
An MMA IRA with Huntington can be part of a Traditional or Roth IRA.
Account Features:
- Earn 0.02% interest on balances up to $2,499.99
- Earn 0.05% interest on balances $2,500 and up
- No monthly maintenance of annual custodian fees
- FDIC-insured account
- No early withdrawal penalties charged by Huntington Bank
Pros:
- FDIC-insured
- No maintenance fees
- Interest-bearing
Cons:
- Low interest rate
How to Open a Money Market Account
Relationship MMA:
It's quick and easy (about 10 minutes) to open an MMA online. Or you can set up an account by visiting any Huntington Branch.
You need to be:
- 18 years of age or older
- a U.S. citizen
- a resident in Ohio, Pennsylvania, West Virginia, Kentucky, Illinois, Indiana, or Michigan; existing Huntington customers residing outside of these states are also eligible to open a new account
Plus, you need to have a government-issued ID and know your Social Security number.
MMA IRA:
To open an MMA IRA, visit a branch near you.
Money Market Calculator
Compare Money Market vs Savings Account vs CDs
Money market. Savings accounts. CDs. Where's the best place to stash your money?
All three options can earn your interest while keeping your money safe. But there are a few key differences to be aware of. Review the offers below to compare.
What is Huntington Money Market's Promotional Rate?
This interest-bearing savings product is limited to six transfers and withdrawals per month. MMA used to pay a higher APY than a savings account. Nowadays, though, the interest rates of MMA vs savings are not too different since the Fed cut rates to nearly zero percent.
Relationship Money Market Account
Minimum balance to earn interest is $25,000
APY | |
---|---|
Non-Relationship | 3.71% |
With Huntington Perks Checking Account | 3.76% |
With Huntington Platinum Perks Checking Account | 3.82% |
With Private Client Account | 3.92% |
Rates are for Columbus, Ohio and may vary per location. Rates are for balances of up to $2,000,000.
What is Huntington Bank's Savings Rate?
A savings account is designed for storing any extra money. It's a lot more fluid, and you can add and withdraw money as you'd like. Unlike a checking account or some MMAs, you will not get a checkbook to access the money.
You can move money around with online transfers and in-person withdrawals at your bank.
How much interest does a Huntington savings account make?
Huntington Relationship Savings - Up to 0.06% APY
- $2,500 minimum opening deposit
- $10 monthly fee can be waived with a total average daily balance of at least $2,500, or if you have a Huntington Perks Checking, Huntington Platinum Perks Checking, or Private Client Account.
APY | |
---|---|
Non-Relationship | 0.01% |
With Huntington Perks Checking Account | 0.02% |
With Huntington Platinum Perks Checking Account | 0.02% |
With Private Client Account | 0.06% |
Rates are for Columbus, Ohio and may vary per location.
Huntington Premier Savings Account - Earn 0.01% APY
Earn $0.01% APY with minimum balance of $0.01. Minimum opening deposit is $50.
What are the CD rates at Huntington Bank?
Huntington's CDs let you earn a higher interest rate than most traditional savings accounts. CDs are FDIC-insured and come with fixed rates for the term of the CD. Note: If you withdraw a CD before the term matures, you will be subject to early withdrawal penalties.
Huntington Bank Fixed Rate CDs - Promotional Rates
Term | APY |
---|---|
5 Months | 4.08% |
9 Months | 3.05% |
Rates are for Columbus, Ohio, and may vary per location.
Bottom Line
Huntington Bank is known for its generous overdraft policy. But that perk might not offset their low APY and steep balance to waive the monthly fees.
Since you need $25,000 to earn interest on the regular Relationship MMA, it may be better to sign up for an online savings account with a higher APY and no balance requirements.
Keep an eye out for Huntington Bank promotions. This Midwest bank is constantly sharing bonuses for their checking, savings, and business accounts.
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Silver Business Checking account - $500 Bonus
Promo code Q1AFL25 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts. Business Essentials is not available in all markets; contact a banker for more details.
Earn your $500 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials account between 1/16/2025 and 3/31/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.
New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.
Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC.
Bank of America Advantage Banking - $300 Bonus Offer
- The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 05/31/2025.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
Key Smart Checking® - $300 Bonus
- Open a Key Smart Checking® account online by May 16, 2025.
- Make the minimum opening deposit of $10, plus one single eligible direct deposit of at least $1,000 within the first 60 days of account opening.
- Your $300 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. See advertiser website for full details.
Amber Kong is a content specialist at CreditDonkey, a bank comparison and reviews website. Write to Amber Kong at amber.kong@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
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