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Huntington CD review

Offers a wide range of terms, but rates are borderline negligible.

Huntington offers a wide range of CD terms, giving you the flexibility to choose a length that’s right for you. But rates are much lower than the competition and you must visit a local branch to get started.

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1-year APY


3-year APY


5-year APY


Minimum deposit to open$1,000
Interest compoundingDaily
3-month APY0.01%
6-month APY0.05%
9-month APY0.05%
1-year APY0.05%
18-month APY0.05%
2-year APY0.1%
3-year APY0.1%
4-year APY0.1%
5-year APY0.1%
Early withdrawal penalty1% for terms of 12+ months
2% for terms of 13 to 24 months
3% for terms of 25 + months

Review by

Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

A Huntington CD may be a good option if you live within this bank’s 11-state service area and are looking for flexible term options. Even though it’s a regional bank, it has 24/7 customer support and no monthly fees. But the minimum deposits are high and the APYs are low. If a high interest rate is what you’re after, you may want to keep looking.

How do I open a Huntington CD account?

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

Benefits of a Huntington CD

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

  • No monthly fee. The only time you’ll pay a fee is if you need to access your money early.
  • Daily compound interest. When you earn interest on yesterday’s interest, your account balance grows faster than it would with other compounding methods.
  • Customer service. Huntington offers 24/7 customer service by phone.
  • Selection of term options. Choose from several 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. Interest rates range from 0.01% to 0.1%, which is much lower than the competition.
  • 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

Before opening an account, compare other CD options to find out if there’s a better fit for you.

Compare with other CDs

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
Quontic Bank CD
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less
State Exchange Bank CD
Locally-owned independent community bank. FDIC insured. No fees.
CIT Bank Term CDs
Choose from a range of terms with no maintenance fees and $1,000 minimum to open.
Discover CDs
Start saving with $2,500 and enjoy flexible terms from 3 months to 10 years with no account fees.

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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:

Frequently asked questions

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