By alexandreBusiness

Current Huntington Bank CD Rates: Earn up to 5.39% APY

Current Huntington Bank CD Rates: Earn up to 5.39% APY

Huntington Bank is a reputable financial institution that offers a range of banking services, including certificates of deposit (CDs). CDs are a popular choice for individuals looking to invest their money and earn interest over a fixed period of time. Huntington Bank currently offers competitive CD rates, allowing customers to earn up to 5.39% APY on their investments.

In this article, we will explore the current CD rates offered by Huntington Bank and discuss how you can make the most out of your investment.

The Benefits of Investing in Huntington Bank CDs

There are several benefits to investing in Huntington Bank CDs. First and foremost, the bank offers competitive rates, allowing you to earn a higher interest compared to traditional savings accounts. This can be particularly advantageous if you have a large sum of money that you don’t plan on using for a specific period of time.

Additionally, Huntington Bank offers a variety of CD terms, ranging from a few months to several years. This flexibility allows you to choose a term that aligns with your financial goals. Whether you’re saving for a short-term expense or planning for retirement, Huntington Bank has options to suit your needs.

Furthermore, Huntington Bank provides FDIC insurance on all their CDs, ensuring that your investment is protected up to $250,000 per depositor, per insured bank, for each account ownership category.

Current CD Rates at Huntington Bank

The current CD rates at Huntington Bank are highly competitive, allowing you to maximize your earnings. The rates are tiered based on the term of the CD and the amount invested. Here’s a breakdown of the rates:

• 3-month CD: 0.15% APY
• 6-month CD: 0.30% APY
• 12-month CD: 0.50% APY
• 24-month CD: 0.70% APY
• 36-month CD: 0.95% APY
• 48-month CD: 1.20% APY
• 60-month CD: 1.50% APY

These rates are subject to change and may vary depending on your location. It’s always best to check with Huntington Bank directly for the most up-to-date rates.

How to Open a CD Account at Huntington Bank

If you’re interested in opening a CD account at Huntington Bank, the process is relatively straightforward. You can start by visiting the bank’s website and navigating to the CD section. From there, you’ll have the option to explore the different CD terms and rates available.

Once you’ve chosen a CD that suits your needs, you can apply online or visit a local branch to complete the application process. You will typically need to provide personal information, such as your name, address, and social security number, as well as the amount you wish to invest.

After your application has been submitted and approved, you can fund your CD account either by transferring funds from an existing Huntington Bank account or by making a deposit from another financial institution.

Huntington Bank offers competitive CD rates that allow you to earn up to 5.39% APY on your investment. Investing in CDs can be a smart financial move if you have excess funds that you don’t need immediate access to. With a range of CD terms available, you can choose the option that aligns with your financial goals.

To take advantage of these rates, visit Huntington Bank’s website or contact their customer service for more information. Remember to do your own research and compare rates from different banks before making a final decision.