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Huntington Bank Savings Accounts Review
Huntington bank savings accounts review 2024: fees, APR/APY interest rates/high yields. New client promotions, service, cons.
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Huntington Bank Savings Accounts
Huntington Bank offers a straightforward solution for accumulating money with easy to open savings accounts that are simple to manage. Huntington accounts come with a free ATM card, free online and mobile banking and free online statements.
Huntington offers protection from overdraft fees with 24-Hour Grace on all consumer checking, savings and money market deposit accounts. 24-Hour Grace allows an account to be overdrawn as long as a timely deposit is made during the next business day following the day of the overdraft.
Available Accounts
Huntington Savings accounts are currently earning interest at 0.02%
Anywhere Savings is ideal for online-only banking customers.
- Low opening deposit of $1.00 (offer only good in certain states).
- No minimum account balance required.
- No monthly fees.
- Earn interest on balances of $2,500 and up.
Premier Savings provides an easy way to start saving money.
- Minimum opening deposit of $50.00.
- No monthly maintenance fee when linked to a Huntington checking account or with an average daily balance of $300.
- Set up an automatic payment from a Huntington checking account to grow your savings.
Health Savings Accounts offer a way to make healthcare more affordable.
- HSA accounts are currently earning interest at 0.05%.
- No Minimum balance to earn interest and no monthly fees.
- Eligible for those enrolled in a High Deductible Health Plan.
- Current minimum deductible are $1,250 for an individual and $2,500 for a family.
- Current maximum out-of-pocket amounts may not exceed $6,350 for individuals and $12,700 for families.
Huntington Money Market accounts are a more robust way to save money.
- Premier Money Market is good for customers who already have some savings and want to be able to write checks.
- Minimum opening deposit of $1000.
- Monthly fee is waived with an average daily balance of $2,000 or when linked to a Huntington checking account.
- Earn interest on all balances. Current interest rate is 0.05%.
Premier Plus Money Market is best for those who want a better interest rate and limited access to their money.
- Minimum opening deposit and balance required to earn interest is $20,000.
- Personal Huntington checking account required with a balance of $1,500.
- Monthly fee waived with an average daily balance of $20,000.
- Current interest rate is 1.01% for balances over $20,000.
Applying for Huntington Bank Savings
Easily apply for a Huntington Savings account by completing information about yourself on their website. After you confirm your identity and complete an electronic signature, make a deposit. For added security, Huntington will verify the external bank account used to fund your new savings account. Log in to online banking to check the status of your account at any time.
Huntington Bank Online Banking Services
Huntington online banking allows you to check your balances, view statements, transfer funds, and create alerts. Access your statements online for up to 24 months and save them directly to your computer.
Huntington mobile banking apps are available to download from the Apple Store or Google Play. You must first sign up for online banking to take advantage of the benefits. Mobile banking is a secure and easy way to view accounts, transfer funds, pay bills or make deposits by taking a photo of a check.
(Currently mobile deposit is only supported by iPhone iOS 4.3.5 or higher and Android Smartphone’s with version 2.1 or higher, this feature is not supported on iPad.)
Comparing Huntington Bank Savings Accounts
Some of the more prominent banks in the USA offer savings and money market accounts. Most of these require you to wade through a lot of information in order to find their account requirements.
PNC Statement Savings- Required minimum to open is $25. There is a $4.00 monthly service if the average monthly balance falls below $400. There is a $3.00 charge per withdrawal if there are more than 3 per month, if the balance falls below $1,500.
PNC Premium Money Market Account- Opening deposit of $100 is required. Includes check writing privileges and a free PNC banking card. Monthly fee of $10 is waived with an average monthly balance of $1,000.
Bank of America Regular Savings- Required opening deposit is at least $25. Monthly fee of $5.00 is waived with automatic transfers or with a $300 daily balance. Offers overdraft protection from one of your linked accounts, but charges a fee for the service. There is a $3.00 charge per withdrawal if there are more than 3 per month, if the balance falls below $2,500.
Bank of America Personal Money Market- Minimum opening deposit is $25. There is a $12 monthly fee for accounts that dip below the $2,500 daily balance. Current interest rate is 0.02%
When compared with other banks, Huntington offers a website with information that is easy to find and is straightforward. Their savings accounts boast lower required opening deposits, lower minimum balance requirements and no fees for accounts linked to a Huntington checking account.
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