Huntington Bank provides money-saving products including competitive CD rates, checking accounts, and high yield savings accounts. In this guide, we’ll compare Huntington Bank’s interest rates to CD, checking, and savings account rates from the top banks in the USA.
Let’s take a look!
Huntington Bank Checking Account Rates
|Private Client Account||None||0.08%|
Huntington Bank Savings Account Rates
Huntington Bank CD Rates
Certificates of Deposit vs. Fixed Annuity
The Top Fixed Annuities
Fixed annuities offer a guaranteed return for a set amount of years, similar to a CD. Guaranteed crediting rates for the terms below:
- 2 YEAR TERM: 2.15%
- 3 YEAR TERM: 2.60%
- 4 YEAR TERM: 2.60%
- 5 YEAR TERM: 3.05%
- 7 YEAR TERM: 3.25%
- Grow your money as fast as possible
- Principal protection
- Interest rate is locked for the term you select
- Tax deferred growth
- Withdraw annually without penalty
- Lump sum death benefits
- Accepts cash, 401(k), and IRA Funds
What’s The Difference Between a Fixed Annuity and CD?
|Who Offers||Insurance Company||Banks|
|Premium Amounts||$2,500 to $1 Million||$500 – No Maximum|
|Terms||2 Years to 20 Years||3 Months to 7 Years|
|Guaranteed Interest Rates||Up to 3.25%||Up to 1.25%|
|Can Lose Money?||No||No|
|Liquid After Term||100%||100%|
|How Are Gains Taxed?||Tax-Deferred||Taxed Annually|
|Annual Liquidity||Up to 10% Annually||No Liquidity|
|Who Protects My Money?||Insurance Company/SGA||FDIC|
Are Annuities FDIC Insured?
Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).
For example, Georgia insures up to $250,000 of the annuity’s cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured.
The Best CD Rates Today
3 Month CD Rates
|Best 3-Month CD Rates||Rate||Term||Minimum|
|Spectrum Federal Credit Union||0.50% APY||3 Months||$500.00|
|Service Credit Union||0.40% APY||3 Months||$500.00|
|Chevron Federal Credit Union||0.50% APY||3 Months||$500.00|
6 Month CD Rates
|Best 6-Month CD Rates||Rate||Term||Minimum|
|CommunityWide FCU||0.70% APY||6 Months||$500.00|
|Lafayette Federal Credit Union||0.70% APY||7 Months||$500.00|
|Spectrum Federal Credit Union||0.50% APY||6 Months||$500.00|
1 Year CD Rates
|Best 12 Month CD Rates||Rate||Term||Minimum|
|Lafayette Federal Credit Union||0.80% APY||12 Months||$5,000.00|
|CommunityWide FCU||0.75% APY||12 Months||$1,000.00|
|Live Oak Credit Union||0.75% APY||12 Months||$2,500.00|
2 Year CD Rates
|Best 2-Year CD Rates||Rate||Term||Minimum|
|Lafayette Federal Credit Union||0.80% APY||24 Months||$500.00|
|Live Oak Credit Union||0.75% APY||24 Months||$2,500.00|
|SILAC Fixed Annuity||2.15% APY||24 Months||$10,000.00|
|Oceanview Fixed Annuity||1.80% APY||24 Months||$20,000.00|
3 Year CD Rates
|Best 3-Year CD Rates||Rate||Term||Minimum|
|First National Bank of America||0.90% APY||36 Months||$1,000.00|
|Lafayette Federal Credit Union||1.00% APY||36 Months||$500.00|
|Canvas Annuity*||2.60% APY||36 Months||$2,500.00|
4 Year CD Rates
|Best 4-Year CD Rates||Rate||Term||Minimum|
|First National Bank of America||0.95% APY||48 Months||$1,000.00|
|Lafayette Federal Credit Union||1.15% APY||48 Months||$500.00|
|Hiway Federal Credit Union||1.10% APY||48 Months||$25,000.00|
|Nassau Fixed Annuity||2.50% APY||48 Months||$5,0000.00|
5 Year CD Rates
The Best Fixed Annuity Rates Today
|Oceanview||3 Years||2.35%||10% Annually|
|Canvas*||3 Years||2.60%||10% Annually|
|Oceanview||4 Years||2.60%||10% Annually|
|Canvas*||5 Years||3.05%||10% Annually|
|Nassau||6 Years||3.10%||5% Annually|
|Canvas*||7 Years||3.25%||10% Annually|
Key Takeaway – Retirement Income Planning
Consider a deferred annuity with a lifetime income rider if you’re spending the interest from a CD or a fixed annuity to supplement your retirement income. These annuities would offer a guaranteed income for life (even if the annuity ran out of money), removing the concern of making your money last in retirement and running out of money.
Some lifetime income riders offer a retirement income that increases to keep up with inflation, help pay for long-term care expenses, and offer an enhanced death benefit to help your beneficiaries.
Learn the differences and benefits between Fixed Annuities and Certificate of Deposits (CD).
Disclaimer: I may receive a small referral fee if you purchase something using a link in this article.
I’m a licensed financial professional. I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.
My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.