What you need to open a Huntington savings account

Huntington Bank offers several savings account types, and the one you choose depends on how much you plan to keep on deposit and how often you'll make withdrawals. To open any of them, you'll need a government-issued photo ID, your Social Security number, and an initial deposit. Most accounts require a minimum opening deposit that ranges from $0 to $25,000 depending on the account type — Huntington publishes these minimums on their website and they can change, so check before you visit.

You can open an account in person at any Huntington branch, online through their website, or by phone. In-person is fastest if you have all your documents ready. Online takes a few minutes and you can fund the account immediately from another bank account you own. Phone applications are also available but require speaking with a representative during business hours.

If you're opening a joint account, both account holders will need to provide ID and a Social Security number. If you're opening an account for a minor, a parent or legal guardian must be present and provide their own ID as well.

Key Takeaways

  • You'll need a photo ID, Social Security number, and an initial deposit to open any Huntington savings account.
  • Minimum opening deposits vary by account type and can range from $0 to $25,000, so confirm the requirement for the specific account you want.
  • You can open an account in person at a branch, online, or by phone, with online being the fastest option if you have another bank account to fund it from.
  • Joint accounts and accounts for minors require additional documentation from the co-owner or parent, and both parties must be present or provide consent.

Huntington's savings account options

Huntington offers several savings products. The Regular Savings Account is the most basic option and typically has no minimum balance requirement, though it may have a lower interest rate than other options. The Money Market Savings Account usually requires a higher opening deposit and minimum balance but pays a higher interest rate in exchange. The High Yield Savings Account is designed for customers who want to maximize interest earnings and often has competitive rates, though it may come with restrictions on the number of withdrawals per month.

Huntington also offers Certificates of Deposit (CDs), which are not technically savings accounts but function as savings products. With a CD, you agree to leave money untouched for a set period — typically ranging from three months to five years — and in return you receive a may provide interest rate. If you withdraw before the term ends, you'll pay an early withdrawal penalty.

Interest rates and account features change regularly. Before you open an account, visit Huntington's website or call a branch to confirm current rates, minimum balances, and any monthly fees. Some accounts waive fees if you maintain a certain balance or set up direct deposit.

Steps to open an account online

Opening a Huntington savings account online is the fastest route if you already have a bank account elsewhere. Go to Huntington's website and select "Open an Account." You'll be asked to choose the account type you want. The system will then ask for your personal information: full name, date of birth, Social Security number, address, phone number, and email.

Next, you'll verify your identity. Huntington typically uses an automated verification process that checks your information against public records and credit bureaus. This usually takes a few minutes. If the system cannot verify you automatically, you may be asked to upload a photo of your ID or answer security questions.

Once verified, you'll link a bank account to fund your new Huntington account. Provide the routing number and account number from the account you want to transfer from. Huntington will send two small test deposits to that account (usually under $1 each) within one to two business days. You'll then log into that account, find those deposits, and enter the amounts back into Huntington's system to confirm you own the account. After confirmation, your Huntington account is active and you can begin using it.

Opening an account in person at a branch

Bring your photo ID, Social Security number, and the initial deposit amount (in cash or by check). You can also bring a debit card or account information from another bank if you want to fund the account electronically. Walk into any Huntington branch during business hours and tell a representative you want to open a savings account.

The representative will ask which account type you want and will review the terms, fees, and interest rates with you. They'll collect your information, verify your ID, and process the opening. If you're funding the account with cash or check, the deposit is usually available immediately. If you're transferring from another bank, the funds typically arrive within one to three business days depending on the other bank's processing time.

In-person opening usually takes 15 to 30 minutes. You'll receive your debit card on the spot or it will be mailed to you within 7 to 10 business days, depending on the account type. You can access your account online or by phone immediately after opening, even if your debit card hasn't arrived yet.

Funding your account and setting up access

After your account opens, you can fund it in several ways. Electronic transfer from another bank account is the most common method and usually takes one to three business days. Direct deposit from your employer or government benefits can be set up by providing Huntington's routing number and your new account number to your employer or benefits administrator. Mobile deposit lets you photograph checks and deposit them through Huntington's mobile app. In-person deposit at any Huntington branch is immediate.

To access your account, you can use Huntington's online banking portal, their mobile app, or call their customer service line. You'll set up a username and password during account opening or shortly after. If you received a debit card, you can use it to withdraw cash at Huntington ATMs or any ATM in the Allpoint network, which includes thousands of ATMs nationwide.

Some Huntington savings accounts limit the number of withdrawals you can make per month without penalty. Check your account agreement to understand these limits. Transfers between your Huntington accounts or to accounts at other banks may count toward these limits, so plan accordingly.

Fees and interest rates to understand

Huntington savings accounts may charge a monthly maintenance fee, though many accounts waive this fee if you maintain a minimum balance, set up direct deposit, or keep a linked checking account open. Some accounts charge a fee if you exceed the monthly withdrawal limit. Early withdrawal penalties on CDs can be substantial — typically ranging from three to six months of interest, though this varies by CD term.

Interest rates on savings accounts are variable, meaning Huntington can change them at any time. The rate you receive when you open your account is not may provide to stay the same. Rates on CDs are fixed for the term you choose, so you know exactly what you'll earn. Current rates are published on Huntington's website, but they may differ from the rates advertised in marketing materials, so always confirm the current rate before opening.

If your account balance falls below the minimum requirement, you may be charged a fee or the account may be closed. Review your account agreement for the specific rules that apply to your account type.

Frequently Asked Questions

Can I open a Huntington savings account if I don't have another bank account?

Yes. You can open an account in person at a branch with cash or a check as your initial deposit. You can also open online if you have access to a debit card or credit card to fund the account, even if that card is from a different bank. You do not need an existing Huntington account.

How long does it take to open a Huntington savings account?

Online opening usually takes 10 to 15 minutes from start to finish, though you may need to wait one to two business days for the identity verification process to complete. In-person opening at a branch typically takes 15 to 30 minutes. Phone opening takes longer because you're speaking with a representative, usually 20 to 45 minutes depending on wait times.

What happens if I don't meet the minimum balance requirement?

Huntington will charge a monthly maintenance fee, usually $5 to $10 depending on the account type. Some accounts will close if the balance stays below the minimum for an extended period. Check your account agreement for the specific policy. You can avoid the fee by maintaining the required balance or by meeting alternative requirements like setting up direct deposit.

Can I have multiple savings accounts at Huntington?

Yes. You can open as many savings accounts as you want, and you can choose different account types for different purposes — for example, one high-yield account for long-term savings and one regular savings account for emergency funds. Each account will have its own minimum balance requirement and fee structure.

What's the difference between a savings account and a CD?

A savings account lets you deposit and withdraw money whenever you want, though some accounts limit withdrawals per month. A CD requires you to leave money untouched for a set period in exchange for a higher interest rate. If you withdraw from a CD before the term ends, you pay a penalty. Choose a savings account if you need access to your money; choose a CD if you're saving for a specific date and won't need the money before then.