Huntington Bank: Checking, Savings, and CD Rates

Shawn Plummer

CEO, The Annuity Expert

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

TypeTermAPY
Huntington 5None0.04%
Huntington 25None0.06%
Private Client AccountNone0.08%
*APY=Annual Percentage Yield.

Huntington Bank Savings Account Rates

TypeTermAPY
Non-Relationship RateNone0.02%
*APY=Annual Percentage Yield.

Huntington Bank CD Rates

TermAPY
3 Month0.01%
6 Month0.03%
12 Months0.03%
18 Months0.03%
24 Months0.03%
36 Months0.03%
60 Months0.03%
72 Months0.03%
*APY=Annual Percentage Yield.

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?

FeatureFixed AnnuityCD
Who OffersInsurance CompanyBanks
Premium Amounts$2,500 to $1 Million$500 – No Maximum
Terms2 Years to 20 Years3 Months to 7 Years
Guaranteed Interest RatesUp to 3.25%Up to 1.25%
Principal ProtectionYesYes
Can Lose Money?NoNo
Liquid After Term100%100%
How Are Gains Taxed?Tax-DeferredTaxed Annually
Annual LiquidityUp to 10% AnnuallyNo Liquidity
Who Protects My Money?Insurance Company/SGAFDIC
Accepts IRAYesNo
Accepts 401(k)YesNo
Death BenefitLump-SumLump-Sum

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 RatesRateTermMinimum
Spectrum Federal Credit Union0.50% APY3 Months$500.00
Service Credit Union0.40% APY3 Months$500.00
Chevron Federal Credit Union0.50% APY3 Months$500.00

6 Month CD Rates

Best 6-Month CD RatesRateTermMinimum
CommunityWide FCU0.70% APY6 Months$500.00
Lafayette Federal Credit Union 0.70% APY7 Months$500.00
Spectrum Federal Credit Union0.50% APY6 Months$500.00

1 Year CD Rates

Best 12 Month CD RatesRateTermMinimum
Lafayette Federal Credit Union 0.80% APY12 Months$5,000.00
CommunityWide FCU0.75% APY12 Months$1,000.00
Live Oak Credit Union0.75% APY12 Months$2,500.00

2 Year CD Rates

Best 2-Year CD RatesRateTermMinimum
Lafayette Federal Credit Union 0.80% APY24 Months$500.00
Live Oak Credit Union0.75% APY24 Months$2,500.00
SILAC Fixed Annuity2.15% APY24 Months$10,000.00
Oceanview Fixed Annuity1.80% APY24 Months$20,000.00

3 Year CD Rates

Best 3-Year CD RatesRateTermMinimum
First National Bank of America0.90% APY36 Months$1,000.00
Lafayette Federal Credit Union 1.00% APY36 Months$500.00
Canvas Annuity*2.60% APY36 Months$2,500.00

4 Year CD Rates

Best 4-Year CD RatesRateTermMinimum
First National Bank of America0.95% APY48 Months$1,000.00
Lafayette Federal Credit Union 1.15% APY48 Months$500.00
Hiway Federal Credit Union1.10% APY48 Months$25,000.00
Nassau Fixed Annuity2.50% APY48 Months$5,0000.00

5 Year CD Rates

Best 5-Year CD RatesRateTermMinimum
First National Bank of America 1.20% APY60 Months$1,000.00
Lafayette Federal Credit Union1.26% APY60 Months$500.00
Canvas Annuity*3.05% APY60 Months$2,500.00

The Best Fixed Annuity Rates Today

CompanyTermRateWithdrawals
SILAC2 Years2.15%None
Oceanview3 Years2.35%10% Annually
Canvas*3 Years2.60%10% Annually
Oceanview4 Years2.60%10% Annually
Canvas*5 Years3.05%10% Annually
Nassau6 Years3.10%5% Annually
Canvas*7 Years3.25%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.

What Is Tax-Deferred Growth?

What is tax-deferred growth? This guide will explain how annuities are given favorable tax treatment. What is Tax Deferral? Tax deferral means not paying federal income …
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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on 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.

The Annuity Expert is an online insurance agency servicing consumers across the United States. 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. 

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