Huntington Bank does not currently offer a dedicated high yield savings account

Huntington Bank's standard savings products—including their regular savings account and money market account—carry interest rates well below what online banks and credit unions typically offer. As of now, Huntington does not market a separate high yield savings product. If you are looking for the highest possible return on cash you want to keep liquid and accessible, you will need to look outside Huntington or compare what they do offer against your other options.

The reason this matters: the difference between a 0.01% APY (what traditional banks often pay) and a 4% to 5% APY (what online savings accounts currently offer) is substantial over time. On $10,000, that gap amounts to roughly $400 to $500 per year in lost interest. Over five years, the compounding effect grows larger.

Key Takeaways

  • Huntington Bank's savings and money market accounts pay rates significantly lower than online banks and many credit unions.
  • Huntington's main advantage is branch access and integrated checking—not interest rate—so the choice depends on what you value more.
  • If you keep money at Huntington primarily for convenience or checking, a separate high yield account elsewhere can work alongside it.
  • Money market accounts at Huntington may offer slightly higher rates than savings accounts, but still lag behind online alternatives.

What Huntington Bank's savings accounts actually pay

Huntington offers a regular savings account and a money market account. The savings account typically pays a very low rate—often under 0.05% APY—and requires a minimum opening deposit (usually $100 to $500). The money market account may pay slightly more, but the rate still falls well short of what you would earn elsewhere.

Rates change frequently and vary by location and account type, so the exact number you see depends on when you check and which Huntington branch or online portal you use. The key point: Huntington's rates are designed to be competitive with other traditional brick-and-mortar banks, not with online-only institutions that have lower overhead costs.

If you have a Huntington checking account, linking a savings account to it does offer convenience—one login, one statement, easier transfers. But that convenience comes at a cost in interest income.

How Huntington's rates compare to other banks

Online banks like Marcus, Ally, and American Express Personal Savings currently offer rates between 4% and 5% APY on savings accounts with no minimum balance and no monthly fees. Credit unions, particularly those in the CO-OP network, often offer competitive rates as well. Even some regional banks now offer high yield savings products to compete for deposits.

Huntington's rates typically sit at 0.01% to 0.10% APY—roughly 40 to 500 times lower than online alternatives. This is not a small difference. On $50,000 in savings, the annual interest difference could be $2,000 or more.

The trade-off is access: Huntington has physical branches in multiple states, and you can walk in to deposit cash or speak to someone in person. Online banks have no branches but offer higher rates and often better customer service through phone and chat. Which matters more depends on how you actually use your bank.

Whether a Huntington money market account makes sense

A money market account is a hybrid product—it works like a savings account but may offer a higher interest rate and often comes with a debit card or check-writing privileges. Huntington's money market account may pay more than their savings account, but the rate is still low compared to online alternatives.

Money market accounts also typically require a higher minimum balance (often $2,500 to $10,000) and may charge monthly fees if you fall below that threshold. Huntington's specific terms vary, so check their current disclosure before opening one.

If you are considering a money market account at Huntington, ask yourself: am I choosing this because I need the check-writing feature and branch access, or because I think the rate is competitive? If it is the latter, you will likely do better elsewhere.

Using Huntington alongside a high yield account elsewhere

Many people keep a checking account at a traditional bank for convenience and bill pay, then maintain a separate high yield savings account at an online bank for money they want to grow. This strategy works well if you are disciplined about not dipping into the high yield account for everyday expenses.

The setup is simple: open a high yield savings account online (takes 10 to 15 minutes), link it to your Huntington checking account, and transfer money between them as needed. Online transfers typically clear within one to three business days. You keep the convenience of Huntington's branches and checking while earning a real return on your savings.

This approach also protects you if Huntington ever changes their terms or fees—you are not locked into their savings product. You can move money to a different high yield account if rates or terms shift.

What to check before opening any Huntington savings account

If you do decide to open a Huntington savings or money market account, verify these details first: the current APY (rates change), the minimum opening deposit, the minimum balance required to avoid monthly fees, whether there are limits on how many withdrawals you can make per month, and whether the account earns interest on the full balance or only on amounts above a certain threshold.

Huntington's terms vary by state and account type, so log into their website or call a local branch to confirm the specifics for your situation. Do not assume rates or fees are the same across all Huntington locations.

Also check whether Huntington offers any promotional rates for new accounts—some banks temporarily boost rates to attract deposits, then drop them after a set period. If a promotional rate is involved, know when it expires and what the regular rate will be afterward.

Frequently Asked Questions

Can I open a Huntington savings account online?

Yes, you can open most Huntington savings and money market accounts online through their website. You will need a valid ID, Social Security number, and an initial deposit. Some account types may require you to visit a branch or call to complete the process, so check their website for the specific account you want.

What is the difference between Huntington's savings account and money market account?

The money market account typically pays a higher interest rate and may come with check-writing or debit card access. It usually requires a higher minimum balance and may charge a monthly fee if you drop below it. The savings account is simpler but pays less interest and has fewer features.

If I keep my checking account at Huntington, do I have to use their savings account too?

No. You can keep your checking at Huntington and open a high yield savings account at any other bank. Transfers between banks take one to three business days but work smoothly. Many people do this to earn higher interest while keeping their primary checking account where they prefer.

Does Huntington charge monthly fees on savings accounts?

Huntington's savings account typically has no monthly maintenance fee, but the money market account may charge a fee if your balance drops below the minimum. Check the current fee schedule on Huntington's website or ask at your local branch, as terms vary by account type and location.

How often does Huntington change their savings account interest rates?

Banks can change savings rates at any time without notice. Huntington typically adjusts rates when the Federal Reserve changes its benchmark rate, but they may also move rates independently. Check your account statements or log in periodically to see if your rate has changed.