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Huntington CD review

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Earn a decent APY on the 7-month CD, but rates on other terms are borderline negligible.

Huntington’s 7-month CD offers a 1.5% APY on balances of $1,000 and above — but you can’t fund the account with money from another Huntington deposit account and there are few positives otherwise.


1-year APY


3-year APY


5-year APY


Minimum deposit to open$1,000
Interest compoundingDaily
3-month APY0.01%
6-month APY0.1%
7-month APY1.5%
9-month APY0.1%
1-year APY0.1%
18-month APY0.1%
2-year APY0.15%
3-year APY0.2%
4-year APY0.35%
5-year APY0.55%
Early withdrawal penalty1% for terms of 12+ months
2% for terms of 13 to 24 months
3% for terms of 25 + months

Benefits of a Huntington CD

Here are the perks you’ll get when you open a Huntington CD:

  • Promotional rate. Earn 1.5% APY when you open an 7-month CD with at least $1,000.
  • Customer service. Huntington offers 24/7 customer service by phone.
  • Selection of term options. Choose from 11 term options ranging from one month to 72 months.

What to watch out for

There are several potential drawbacks to watch out for before opening a Huntington CD:

  • Low rates. Aside from the promotional 7-month CD, interest rates range from 0.01% to 0.55%.
  • High minimum deposit. You need to deposit at least $1,000 to open a CD.
  • Limited availability. Huntington accounts are only available to residents of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia and Wisconsin.
  • Restricted funding options. You can’t fund this account with money from another Huntington deposit account.
  • Must open at a branch. All Huntington CDs must be opened in person.
  • Substantial withdrawal penalties. Unlike most CDs that charge penalties as a portion of interest earned, Huntington charges based on your principal deposit.

Huntington CD early withdrawal penalties

Length of termPenalty
Less than 12 months1% of principal
13-24 months2% of principal
Greater than 25 months3% of principal

Compare with other CDs

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
CIT Bank Term CDs
Radius Bank CDs
Discover CDs
Barclays Online CDs
Ally High Yield CDs
2.05% on CDs of $25,000+

2% on CDs of $5,000 to $24,999

1.9% on CDs of $0 to $4,999
2.1% on CDs of $25,000+

2.05% on CDs of $5,000 to $24,999

1.95% on CDs of $0 to $4,999

Compare up to 4 providers

How do I open a Huntington CD?

Huntington CDs cannot be opened online. Instead, you’ll need to visit a branch to open one in person.


  • At least 18 years old
  • Valid Social Security or tax identification number
  • US citizen
  • Valid passport or state-issued ID
  • $1,000 minimum deposit

Required information

  • Name and birthdate
  • Contact information — address, email and phone number
  • Social Security or tax identification number
  • Government-issued ID
  • Employment information

Funding options

  • Provide cash or check at branch
  • Transfer from external bank account

How do I cash in a Huntington CD?

Once your CD reaches maturity, there’s a 10-day grace period where you’ll have the option to withdraw funds, transfer to another account or renew your CD. If your money is untouched at the end of the grace period, your CD will automatically renew for the same term length at the current interest rate.

What other savings products does Huntington offer?

Beyond its CDs, Huntington offers a few other savings products:

Bottom line

Aside from the 7-month promotional CD, Huntington CD rates are far lower than other options. While you’ll get 24/7 customer service, but they pay almost no interest, have high early withdrawal penalties and must be opened at one of Huntington’s midwest branches. Before opening any account, compare other CD options to find out if there’s a better fit for you.

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