Are you seeking a trustworthy banking service to meet your credit, deposit, and savings needs?
Do you call the Midwest home?
Huntington Bank has what you require in addition to a lot more. Many tools and alternatives are available for the modern banker at this customer-focused institution. It offers excellent customer care and accommodates all conceivable banking needs.
Moreover, it offers one of any bank’s most extraordinary 24-hour overdraft waiver services.
Huntington Bank: What is it?
One of the more established financial institutions in the U.S. is Huntington Bank. It was founded in 1866 to assist Columbus, Ohio, people. Huntington Bancshares Inc., which has assets worth about $74 million, is the current owner.
Huntington Bank has opened branches in Ohio, Kentucky, Illinois, Michigan, Pennsylvania, Wisconsin, and Virginia to expand to serve the Midwest. It has close to 2000 ATMs and more than a thousand branches.
Savings, credit, checking, and investments are just a few services it offers. Additionally, it provides vehicle, direct lending, mortgage, and home equity loans. Also, there are other insurance solutions accessible.
As the bank with the highest customer satisfaction in retail banking in the North Central Region for the last five years in a row, Huntington is well-regarded. It attracts a lot of people because it provides flexible financing options.
Quick Facts about Huntington Bank
- A banking company with a BBB accreditation and more than 150 years of experience
- Several mortgage solutions designed for the including fixed-rate, adjustable-rate, FHA, VA, and USDA loans for the Midwest
- A wealth of free tools are available on the website, including mortgage calculators and interactive instructional modules.
- Provides a banking experience centered on the needs of the consumer and supports local communities
- Became a regional bank holding company with $106 billion in assets in 2018
- Offers online, telephone, and ATM banking services, as well as over 1,800 ATM locations.
Overview of Huntington Bank Accounts
Huntington provides a variety of checking and savings account choices. All of these are eligible for a 24-hour overdraft waiver, online bill payment, and regular account deposits.
Among the savings accounts that Huntington provides are:
- savings from relationships, and
- Premier savings.
When customers need to open a savings account, these accounts provide them with many possibilities.
Relationship Savings Account with Huntington
The interest rate on the Huntington Relationship Savings account is low on its own. It is quickly resolved by adding a link between your savings and checking accounts to increase interest. Also, the $2,500 minimum deposit is hefty.
One benefit of having this account is overdraft protection, which ensures that any overdrafts on your report will be waived for twenty-four hours.
Using an ATM or an account-to-account transfer is a simple way to put money into your account. Monitoring your performance and withdrawals is easy using its mobile online application.
Premier Savings Account with Huntington
Due to a reduced minimum deposit of $50, the Huntington Premier Savings Account is a fantastic substitute for the Relationship Savings Account. You can use all the advantages of a relationship savings account without feeling pressured to make extensive deposits.
Simply keep a daily balance of $300 in your account or link it to your Huntington Asterisk-Free Checking Account to avoid the monthly $4 service fee.
Certificate of Deposits Accounts (CDs)
Certificate of Deposits Accounts (CDs) with a minimum deposit of $1000 having Online or mobile access, bank branch. CDs have FDIC insurance; the maximum limit under the law with Only an early withdrawal fee.
Conditions and Fees
Promotional Conditions with Regular Prices
- 14 months at 0.50% APY.
Standard CDs with Fixed Term Rates:
- for 1 and 3 months, 0.05% APY,
- for 6, 9, 12, and 18 months, 0.10% APY
- 24 months at 0.10% APY,
- 36 months at 0.10% APY,
- 48 months at 0.10% APY,
- For 60 and 72 months, 0.10% APY
Jumbo Fixed-Rate CDS:
- 0.50% APY for 425 Days as a Promotion
- for 7, 14, 30, 60, and 90 days, 0.05% APY
- for 180, 270, 365, and 547 days, 0.10% APY
- 0.10% APY for Days 730 and 912,
- 1,095 days at 0.10% APY
- 1.460 Day at 0.10% APY
- APR of 0.10% for 1,825 Days (5 years)
A CD, unlike savings accounts, enables you to maintain your funds for a predetermined amount of time. You can increase interest this way. The main drawback of this product is that early withdrawals are subject to a fee.
A jumbo CD requires a minimum deposit of $100,000, whereas a conventional CD requires $1,000. Before the CD is renewed, every CD account has a ten-day grace period for withdrawals.
Money Market Savings Account
Huntington Money Market Savings Account with No minimal deposit but $25,000 is needed to earn interest unless linked to a checking account. Online, mobile access, bank branch. FDIC insurance; maximum limit under the law with fees of $25.
Conditions and Fees
Beginning Interest Rate (180 Days)
- $25.00 to $2,000,000.99 in balances: 0.05%,
- 0.05% for balances between $2,000,001.00 and $99,999,999,999.99
Associated with the 5 Checking
- $25,001 to $2,000,000 in balances: 0.50% APY,
- $2,000,001 to $99,999,999,999 in balances: 0.60% APY,
The 25 Checking Account is connected to it
- $25,001 to $2,000,000 in balances: 0.05% APY
- $2,000,001 to $99,999,999,999 in balances: 0.06% APY
- 0.06% APY is applied to balances in private client accounts between $25,000 and $2,000,000.
- $2,000,001 to $99,999,999,999 in balances: 0.06% APY,
Having a Different Checking Account
- $25,001 to $2,000,000 in balances: 0.05% APY
- $2,000,001 to $99,999,999,999 in balances: 0.06% APY
Money Market Savings Account at Huntington
One of its most significant drawbacks is the Huntington Money Market Savings account’s large initial balance requirement of $25,000.
You can link your account to any Huntington checking account if you need help maintaining the $25,000 opening balance or wish to increase your interest rates.
Checking Account for Huntington 25
The Huntington 25 checking account, which offers a 0.25 APY, is the bank’s premium checking account. Also, thanks to its out-of-network ATM exemptions, you can access your money anywhere.
Checking Account 5 for Huntington
On the other hand, the Huntington 5 checking account offers a 0.15 APR for a nominal $5 monthly service fee. With their waiver, you can use five ATMs that are not in the network.
Checking Account with No Asterisks from Huntington
The Huntington Asterisk-Free Checking Account has no opening balance and no monthly maintenance cost and is the bank’s most superficial checking account. Interest is also excluded.
Business Checking Accounts
Checking for Business with Huntington Unlimited
The Unlimited Business Checking program from Huntington Bank is a good choice if you want business checking in the Midwest.
The account can mix the user-friendly features of personal banking with your small business’s high volume and high-security requirements.
For instance, much like with a personal account, owners of Unlimited Business Checking accounts can choose to get text and email alerts concerning balances.
The account can simultaneously produce cash flow assessments to aid in managing your day-to-day operations. If you pull payroll from this account, you can also reduce your Paychex fees by 10%.
By maintaining $10,000 in Huntington accounts, your company can avoid the $20 monthly account charge.
Checking for Business Unlimited Plus by Huntington
A $40 monthly subscription for Huntington’s Unlimited Plus account, which is waived with $50,000 in Huntington accounts, is an option for larger organizations.
What sets Unlimited distinct from Unlimited + is:
Interest: The checking balance in your Unlimited Plus account may earn interest. Although the rates are often lower than savings or CD rates, if your company requires a sizable checking amount, you might as well be making money on it.
Deposit Fees: With Unlimited Plus, you can deposit $25,000 in cash each month without paying any costs. After $10,000 in monthly cash deposits, Huntington’s Unlimited account imposes fees of $0.30 per $100.
These business accounts have cutting-edge fraud detection capabilities and free ACH transactions.
Accounts for retirement planning
You can open a standard or Roth IRA via Huntington Bank, which ensures tax-free retirement withdrawals.
Mortgage Options from Huntington Bank
The first step in finding the ideal mortgage is to assess your financial condition and research. With a wide range of consumer-friendly lending options, Huntington Bank can fulfill the particular requirements of homeowners in the Midwest. Huntington may work with you to negotiate a tailored and affordable mortgage that will meet your needs and goals, whether you’re a first-time buyer or looking to upgrade.
Loans at a Fixed Rate
This fixed-rate mortgage offers homeowners financial flexibility and rate stability with its flexible loan terms and consistent payments. For this loan type, Huntington Bank mortgage rates can be as low as 4.875, with APRs starting at 5.070 percent for a typical 30-year fixed loan term. Borrowers who have located their dream home and intend to stay there for some time are especially well-suited for this loan.
Loans from the FHA
The Federal Housing Administration supports this loan type, which was created to be a safe choice for first-time homebuyers and to ensure lower-income Individuals have access to reasonable mortgage options. Depending on the borrower’s preferences and eligibility, Huntington Bank FHA mortgages need a minimum down payment of 3.5 percent and offer fixed or adjustable rates.
Loans With Adjustable Rates
This adjustable-rate mortgage (ARM) offers lower starting rates than its fixed-rate counterpart, which remains quiet until the introductory period expires. Depending on the loan period chosen, this mortgage offers starting interest rates as low as 3.750 percent with APRs under 4 percent.
After the introduction period, rates are variable and could go up or down based on the state of the market. This loan type is ideal for homebuyers still determining if they will move to a new house once the fixed period expires.
Huntington Bank supports veterans, service members, and eligible military spouses by providing V.A. loans to qualified customers with $0 down payments. The Department of Veterans Affairs is backing this mortgage alternative, eliminating the need for private mortgage insurance (PMI) and providing additional financial security. Huntington lowers its closing costs on qualified V.A. loans to $500 as an added gesture of gratitude to veterans and active military personnel.
This financing option assists borrowers in purchasing sizable homes and properties in regions with affordable real estate. With the help of suitable borrowers, Huntington has been able to get jumbo loans worth up to $2.5 million.
Huntington Bank offers government-backed USDA loans, secured by the United States Department of Agriculture and available to qualified borrowers wishing to buy a home in a rural location. These mortgages are an excellent alternative for anyone wishing to relocate to a rural area because they offer reasonable financing options for those with low or moderate incomes.
The Existence of Huntington Bank
The Midwest is home to a record 1,800 ATMs operated by Huntington Bank. Thanks to its more than a thousand operating branches, you can effortlessly bank there.
Using its website and mobile app, you can conduct any standard banking operation at your convenience and comfort. You may create alerts and notifications for your accounts, make transfers, check balances, and make payments.
Opening a Huntington Bank Account
Logging into the Huntington website with your social security number and a form of government-issued identification will let you open a bank account. You might need to submit a few electronic papers and your personal information, but you’ll be good to go after you do.
Alternatively, you can go to a branch and obtain a ready-to-use account from one of their qualified customer service representatives.
Do You Need Huntington Bank?
Anybody seeking a checking account might consider Huntington Bank. It offers some excellent solutions with reasonable operational monthly fees and competitive interest rates.
Also, it includes a fantastic twenty-four-hour overdraft protection system that guards against receiving pointless fines.
The fact that Huntington’s interest rates are generally low for savings accounts is one of the disadvantages of using them.
The only way to increase interest rates is to link your checking and savings accounts.
It is the ideal bank for you if you live in Ohio or the Midwest and seek a comprehensive banking solution.
You can benefit from their mobile application and internet presence to get more financial control and make paying your bills more straightforward.