Huntington Bank Review (original) (raw)
Huntington National Bank provides a solid customer satisfaction experience, and its checking accounts come with a variety of perks. It does have a few drawbacks, such as stricter eligibility requirements for certain rates and a limited branch footprint of 11 states.
In this Huntington bank review, we at the MarketWatch Guides team will analyze the bank’s major financial products to help you decide whether it’s the right option for your personal finance needs.
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Our Huntington Bank Ratings
We give Huntington 3.9 out of 5 stars after evaluating factors including its branch availability, account fees, interest rates and customer support. The bank’s checking accounts stand out the most, while its overall banking experience also receives high marks.
Here’s how the company scores in each of our review categories:
*Ratings are determined by our editorial review team. Learn more about our scoring methodology.
Our review team reached out to Huntington for a comment on its overall rating and its savings, CD and money market account scores and received the following response:
“At Huntington, we’re committed to making people[‘s] lives better, helping businesses thrive and strengthening the communities we serve. We’re proud of our innovative products and digital tools that are designed to empower customers to take charge of their money, as well as the strength of our branch network and customer service.”
Huntington Bank vs. Other Top Banks
Huntington receives a comparable rating to top banks such as Chase Bank, Wells Fargo and Bank of America. Huntington has more deposit accounts than many of its peers and a no-fee checking account option, but it doesn’t have as many branch and ATM locations. Still, it’s well liked by national review companies and has a positive track record for customer satisfaction.
| Huntington | Chase | Wells Fargo | Bank of America | |
|---|---|---|---|---|
| Our rating | 3.9 | 4 | 3.8 | 4 |
| Number of branch locations | 1,000 | 4,700 | 4,600 | 3,800 |
| Number of ATM locations | 1,600 | 15,000+ | 11,000 | 15,000 |
| Available deposit products | Checking, savings, CDs, money market | Checking, savings, CDs | Checking, savings, CDs | Checking, savings, CDs |
| No-fee checking account option?* | Yes | Yes | Yes | Yes |
*The bank offers a low fee that is waivable if at least one requirement is met, such as a recurring direct deposit, a minimum monthly balance or a linked savings account. Requirements vary by bank.
>> Related: Learn more about the best online banks
Overview of Huntington Bank: Pros and Cons
Huntington National Bank was founded in Columbus, Ohio, in 1866 and now has branches in 11 states:
- Colorado
- Florida
- Illinois
- Indiana
- Kentucky
- Ohio
- Michigan
- Minnesota
- Pennsylvania
- West Virginia
- Wisconsin
Online ratings from national companies such as J.D. Power and the Better Business Bureau (BBB) are strong, but interest rates on Hungtington’s savings accounts are lower than average. While the bank’s money market accounts offer higher rates, you’ll need higher balances across some or all of your Huntington accounts to get the best APYs.
For instance, the Relationship Money Market Account requires a balance of 25,000ormoretoearninterest,andtheHuntingtonSmartInvestMoneyMarketAccountisonlyavailabletoHuntingtonSmartInvestCheckingcustomers,whichrequiresa25,000 or more to earn interest, and the Huntington SmartInvest Money Market Account is only available to Huntington SmartInvest Checking customers, which requires a 25,000ormoretoearninterest,andtheHuntingtonSmartInvestMoneyMarketAccountisonlyavailabletoHuntingtonSmartInvestCheckingcustomers,whichrequiresa100,000 total relationship balance.
Plus, if you travel, the bank may not have as many physical locations as you may prefer. It only has about 1,000 branches and 1,600 ATMs.
The bank is also insured by the Federal Deposit Insurance Corp. (FDIC).
Pros
Lots of banking choices: Huntington offers numerous checking accounts, savings accounts, money market accounts and CDs.
High praise: The bank has a track record for customer satisfaction, earning top honors in the North Central region, according to a 2023 survey by J.D. Power.
Waive the fees away: Huntington has some monthly fees associated with its accounts, but there are various ways to avoid those fees.
Cons
Low rates and high buy-in: Rates on savings accounts are on the lower end, and Huntington’s money market rates aren’t great unless you have balances of 25,000to25,000 to 25,000to100,000 or more across your accounts.
Limited access: Huntington has fewer branch and ATM locations than its peers.
>> Related: Learn more about FDIC insurance
Huntington Bank Products
Huntington National Bank offers a wide range of personal banking services such as checking and savings accounts, as well as CDs and money market options. And if you’re looking for credit cards, mortgages or home equity lines of credit (HELOC), you can also find them at Huntington.
| Huntington Bank Account | Standard APY* | Relationship APY* | Minimum Opening Deposit | Minimum Account Balance |
|---|---|---|---|---|
| Huntington Platinum Perks Checking | 0.03% | This account allows you to earn relationship rates on savings and money market accounts | None | $25,000 or more in total relationship balances to waive monthly fee |
| Huntington Perks Checking | Not disclosed | This account allows you to earn relationship rates on savings and money market accounts | None | $5,000 or more in total relationship balances to waive monthly fee |
| Asterisk-Free Checking | N/A | N/A | None | None |
| Huntington SmartInvest Checking | N/A | Not disclosed | None | $100,000 or more in total relationship balances |
| Huntington Relationship Savings | 0.01% | 0.02% to 0.06% | 2,500∣2,500 | 2,500∣2,500 or more to waive monthly fee |
| Huntington Premier Savings | 0.01% | N/A | 50∣50 | 50∣300 or more to waive monthly fee |
| Standard Fixed-Rate CDs | 0.05% | N/A | 1,000∣1,000 | 1,000∣1,000 |
| Promotional Fixed-Rate CDs | 3.05% to 3.56% | N/A | 1,000∣1,000 | 1,000∣1,000 |
| Standard Jumbo Fixed-Rate CDs | 0.05% | N/A | 100,000∣100,000 | 100,000∣100,000 |
| Promotional Jumbo Fixed-Rate CDs | 3.05% to 3.56% | N/A | 100,000∣100,000 | 100,000∣100,000 |
| Relationship Money Market Account | 4.49% on 25,000to25,000 to 25,000to2,000,000.990.25% on 2,000,001ormore∣4.702,000,001 or more | 4.70% to 4.70% on 2,000,001ormore∣4.7025,000 to 2,000,000.990.252,000,000.990.25% on 2,000,000.990.252,000,001 or more | 25,000∣25,000 | 25,000∣25,000 or more to waive monthly fee |
| Huntington SmartInvest Money Market Account | N/A | 4.59% to 4.85% on 1 cent to$9,999,999.990.25% on 10millionormore∣None∣1centtoearninterestRequiresaSmartInvestCheckingaccountwith10 million or more | None | 1 cent to earn interestRequires a SmartInvest Checking account with 10millionormore∣None∣1centtoearninterestRequiresaSmartInvestCheckingaccountwith100,000 or more in total relationship balances |
| Money Market IRA | 0.50% | N/A | $1 | 1 cent to earn interest |
*APY accurate as of November 14, 2024. Rates listed are for Columbus, Ohio.
>> Related: Learn more about the best CD rates
Huntington Reputation and Customer Satisfaction
Bauer Financial gives Huntington National Bank 5 out of 5 stars. A 5-star rating means Huntington is a “superior” institution that Bauer recommends. Huntington has also been accredited with the BBB since 1921, and it has an A+ rating with the BBB.
Huntington National Bank was also ranked No. 1 in customer satisfaction in Pennsylvania and the North Central region in the J.D. Power 2023 U.S. Retail Banking Satisfaction Study. J.D. Power is a global market research company that analyzes data to discern which companies are providing the best products and services.Its mobile app has also received positive reviews. On the Google Play store, it has 4.2 out of 5 stars, based on more than 49,000 reviews. On the App Store, it has 4.8 out of 5 stars, based on more than 211,000 reviews.
The Bottom Line: Is Huntington Bank Right for You?
If you live near a Huntington branch and are looking for a bank that offers a variety of checking account options with great perks, Huntington may be the place for you. It has a strong reputation and a solid online infrastructure for mobile banking.
However, Huntington doesn’t offer great rates on deposit accounts unless you have a higher balance. Other high-yield deposit accounts can easily be found without strict eligibility or balance requirements.
>> Related: Learn more about the best high-yield savings accounts
FAQ: Huntington National Bank Reviews
Huntington bank is considered to be a reliable bank since its banking products are insured by the FDIC up to $250,000 per account category.
Huntington may be a good option to bank with if you’re looking for a variety of deposit account options and you live near a branch. However, for access to its most competitive rates, you’ll need to have a very high balance across your Huntington accounts.
One of the disadvantages of Huntington bank is that you generally need a higher collective balance across your Huntington accounts to earn a higher APY.
Methodology
Our team researched more than 100 of the country’s largest and most prominent financial institutions, collecting information on each provider’s account options, fees, rates, terms and customer experience. We then scored each firm based on the data points and metrics that matter most to potential customers. Read our full methodology.
Savings and money market accounts
The best scores go to banks, loans and fintech companies with high interest rates and low or no fees or minimum opening deposits.
High marks are given to those with multiple accounts and minimal fees, plus benefits such as reward programs and mobile check deposit.
Top-rated financial institutions have low or no minimum opening deposits, as well as a variety of term options and specialty CDs for flexibility.
Banking experience and access
Providers that excel in this category have large branch and ATM networks and multiple checking and savings accounts, and they earn more points for offering CDs and money market accounts.
35% Savings and money market accounts
30% Checking accounts
20% Certificates of deposit
15% Banking experience and access
Savings and money market accounts
The best scores go to banks, loans and fintech companies with high interest rates and low or no fees or minimum opening deposits.
Checking accounts
High marks are given to those with multiple accounts and minimal fees, plus benefits such as reward programs and mobile check deposit.
Certificates of deposit
Top-rated financial institutions have low or no minimum opening deposits, as well as a variety of term options and specialty CDs for flexibility.
Banking experience and access
Providers that excel in this category have large branch and ATM networks and multiple checking and savings accounts, and they earn more points for offering CDs and money market accounts.
All America Bank, Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Credit Union, American Express National Bank, Apple Bank, Arvest Bank, Associated Bank, Axos Bank, Banesco Bank, Bank of America, Bank of Hope, Bank Purely, Bank5 Connect, Barclays, Bask Bank, BECU (Boeing Employees Credit Union), Bethpage Federal Credit Union, BMO, BMO Alto Bank, Bread Savings (formerly Comenity Direct), BrioDirect, Capital One Bank, CFG Bank, Charles Schwab, Charlie Financial, Chase Bank, Chime, CIBC USA, CIT Bank, Citibank, Citizens, Citizens Bank, Colorado Federal Savings Bank, Comerica Bank, Connexus Credit Union, Consumers Credit Union, Credit One Bank, Cross River Bank, Current, Customers Bank, Delta Community Credit Union, Discover Bank, East West Bank, Emigrant Direct, EverBank (formerly TIAA Bank), Federal Savings Bank, Fifth Third Bank, First Citizens Bank, First Internet Bank (of Indiana), First National Bank of America, First Tech Federal Credit Union, FNBO Direct, Frost Bank, Golden 1 Credit Union, Heritage Bank NA, HSBC, Huntington Bank, KeyBank, Lafayette Federal Credit Union, Lake Michigan Credit Union, LendingClub, Limelight Bank, Live Oak Bank, Lonestar Bank, M.Y. Safra Bank, M&T Bank, Marcus by Goldman Sachs, Mercury Bank, Merrick Bank, Michigan State University Federal Credit Union, Milli, Morgan Stanley Private Bank, Mountain America Credit Union, My eBanc, MySavingsDirect, National Bank of Kansas City, Navy Federal Credit Union, NBKC Bank, North American Savings Bank (NASB), Northpointe Bank, Patelco Credit Union, PenFed Credit Union (Pentagon Federal), PNC Bank, Popular Direct, Presidential Bank, Provident Bank, Quontic Bank, Quorum Federal Credit Union, Randolph-Brooks Federal Credit Union, Regions Bank, Ridgewood Savings Bank, Rising Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, SoFi Bank, South State Bank, Spectrum Credit Union, Spring Bank, Star One Credit Union, State Bank of Texas, State Department Federal Credit Union, State Employees’ Credit Union, Suncoast Credit Union, Sutton Bank, Synchrony Bank, Synovus Bank, TD Bank, Texas Capital Bank, Third Federal Savings & Loan, Transportation Alliance Bank (TAB Bank), Truist Bank, U.S. Bank, UFB Direct, Umpqua Bank, Upgrade, USAA Bank, USAlliance Financial, Valley National Bank, Varo Bank, Vio Bank, VyStar Credit Union, Webbank, Webster Bank, Wells Fargo, Western State Bank, Zions Bank, Zynlo Bank
_*Data accurate at time of publication
Editor’s Note: Parts of this story were auto-populated using data from Curinos, a research firm that collects data from more than 3,600 banks and credit unions. For more details on how we compile daily rate data, check out our methodology here.
If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides.com .