April 6, 2024

Huntington Bank Savings Account Interest Rates

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Huntington Bank offers two savings accounts with low APY. Is it still worth it? Read on to find out.

Huntington Bank has two basic savings accounts that can offer great convenience and accessibility.

But, what about the rates? Continue reading to know how much interest you can earn with Huntington savings accounts.


What matters most to you when choosing a savings account?

Huntington Savings Account Interest Rates

Huntington has Premier Savings and Relationship Savings[1]. Both come with low rates: Premier Savings with 0.01% APY and Relationship Savings with up to 0.06% APY.

  • Huntington Premier Savings: Has a $15 overdraft fee and a waivable $4 monthly fee. $50 minimum to open.
  • Huntington Relationship Savings: Has a $15 overdraft fee and a waivable $10 monthly fee. $2,500 minimum to open.

Huntington Premier Savings

Huntington Premier Savings has a 0.01% APY on all balances. It requires a $50 minimum opening deposit and has a maintenance fee of $4[2]. You can have it waived if you have a personal Huntington checking account.

It does have a $15 overdraft fee and a $3.50 fee for out-of-network ATM transactions[3]. But, you can easily access your money at a branch or ATM, or through their highly-rated mobile app.

Huntington Relationship Savings

Huntington Relationship Savings offers slightly better rates up to 0.06% APY. You get to waive the $10 monthly fee when you have any of these accounts:

  • Huntington Perks Checking
  • Huntington Platinum Perks Checking
  • Private Client Account

Otherwise, you need to maintain a $2,500 minimum to avoid it.[4]

It has an opening deposit requirement of $2,500, a $15 overdraft fee, and an out-of-network ATM charge of $3.50.[5] And, it comes with an ATM card and access to their mobile app.

How Much Can You Earn?

Check out this calculator to see how much your money can grow with a Huntington Bank savings account.

Savings Calculator

Can You Lose Money with Huntington Savings?

No, you cannot lose money with either the Premier Savings or Relationship Savings account. Huntington Bank is FDIC-insured (Certificate #6560), so deposits are protected up to $250,000 per depositor, per ownership category.

Hence, you are guaranteed to get your money back should Huntington Bank ever fail or close.

Pros and Cons

Pros

  • Access to physical branches
  • Top-rated mobile app
  • FDIC-insured

Cons

  • Very low rates
  • $4 monthly fee for Premier Savings
  • $10 monthly fee for Relationship Savings
  • $50 opening deposit for Premier Savings
  • $2,500 opening deposit for Relationship Savings

What would make you choose a savings account with a lower APY?

Should You Open an Account?

Huntington Bank's savings accounts are best for people who prefer the reliability that comes with traditional banking. Although it doesn't have high rates, you get easy access to your funds through both physical branches and an online platform.

It is also a great option for existing Huntington Bank customers because it offers several benefits like waived monthly fees, relationship rates, etc.

How To Open a Huntington Savings Account?

You can visit a Huntington branch, or you can go to their website to open an account. Here's what you should do:

  1. Go to their Savings Accounts page.
  2. Select an account and complete the form.
  3. Fund your account with the minimum required.

For a smoother process, prepare your social security number and a U.S. government or state-issued ID beforehand. [6]

How Huntington Bank Savings Compares

Other Huntington Bank Products

Bottom Line

Huntington Bank offers savings accounts with unimpressive rates. However, it is still a decent option for existing Huntington Bank users and for those who prefer traditional banking.

If your goal is to make your money work harder for you, you can check out high-yield savings options from online banks and credit unions.

References

  1. ^ Huntington. Open a Savings Account, CD, or Money Market Account, Retrieved 11/20/2023
  2. ^ Huntington. Premier Savings Account, Retrieved 11/20/2023
  3. ^ Huntington. Huntington Premier Savings Account Personal Account Charges, Retrieved 11/20/2023
  4. ^ Huntington. Relationship Savings: Higher Interest Savings Account, Retrieved 11/20/2023
  5. ^ Huntington. Huntington Relationship Savings Account Personal Account Charges, Retrieved 01/20/2024
  6. ^ Huntington. Open a Savings Account, CD, or Money Market Account, Retrieved 12/27/2023
Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 4/16/2025
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
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U.S. Bank
Member FDIC

Silver Business Checking account - $500 Bonus

Expires in 6 days

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
Member FDIC

Bank of America Advantage Banking - $300 Bonus Offer

Expires 5/31/2025
  • 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.
KeyBank
Member FDIC

Key Smart Checking® - $300 Bonus

Expires 5/16/2025
Earn $300 after qualified activities until 05.16.25 with the no-monthly-maintenance-fee Key Smart Checking®.

  • 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 Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/11/2025

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.

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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