Huntington Bank has a strong commitment to its customers, which is why there is no lack of banking products. Whether you’re opening a savings account or applying for a mortgage, this financial institution can help you achieve and reach financial milestones.
Of course, there are many banks available, and you may question whether Huntington Bank is the right choice for you. However, a review of this bank’s products and services can be unexpectedly enlightening, thus helping you decide the best place for your money.
Huntington Bank Review
1. Huntington Bank Checking Accounts
Huntington Bank offers two full-service checking account options: the Asterisk-Free Checking account requires no minimum deposit and no monthly fees. You also have the option to link to your savings account and receive free overdraft protection.
Then again, maybe you’re looking to earn interest on your checking account balance, in which case the interest-bearing Huntington Bank Checking account could be a better option.
2. Huntington Bank Savings Accounts
A Huntington Bank savings account can put you closer to long-term goals, plus Huntington Bank interest rates are competitive with other financial institutions. For instance, their Premier Savings accounts offers a fairly simple, low-cost way to build your emergency fund, whereas the Anywhere Savings might be a better match if you prefer an online-only savings account.
Also, if you have a high deductible health insurance plan, a health savings account from Huntington can help you save for future medical expenses. Additionally, Huntington Bank offers two money market options — the Premier Money Market and the Premier Plus Money Market.
3. Huntington Bank CD Rates & Accounts
If you’re saving for retirement, a down payment, college or another big purchase, you need a better way to grow your savings. Huntington Bank CD rates offer a higher yield than savings accounts and money market accounts. You can choose a term as little as 30 days, open with just $1,000 and their certificates of deposit are FDIC-insured.
4. Huntington Bank Mortgage Rates
If you’re financing a home purchase, a competitive interest rate is a priority. Huntington Bank mortgage rates are low in comparison to national averages, the bank offers a wide range of mortgage products and tools to help you choose the best mortgage product.
Home loan options include conventional mortgage loans, adjustable rate mortgage loans, jumbo loans, FHA loans and VA home loans. Huntington Bank is also a good choice if you’re thinking about refinancing your mortgage loan.
5. Additional Loan Options
There is no shortage of loan options, and since Huntington Bank rates are fair, there has never been a better time to borrow. A home equity loan or line of credit can provide much-needed cash to improve your home, finance a new business or pay for college tuition. If you don’t have equity, the bank offers low-rate personal loans.
And if you’re in the market for a new vehicle, there’s no rule that says you have to obtain financing through the dealership. A Huntington Bank auto loan is perfect if you need financing for a new or used car, and in most cases, securing your own financing often results in a better interest rate.
6. Huntington Bank Online Banking
In addition to a range of financial products, this financial institution offers several electronic options for managing accounts. Huntington banking online is a free service that lets you access your accounts from a computer. Complete a variety of transactions online, such as applying for a loan, checking your balances, transferring money and setting up online Bill Pay.
Mobile banking is another option, and this feature lets you access your account from any location as long as you have a smart phone or another mobile device. Huntington Bank also offers text banking, plus tools to manage your personal investments online.
Pros and Cons of Huntington Bank
Some banks don’t win points for personable service. However, Huntington Bank customer service receives mostly positive remarks from customers. In addition to friendliness and attentive service, Huntington Bank hours are longer than many other financial institutions. This is a plus for customers who can’t visit the bank during traditional banking hours. There are locations that open at 8 a.m. Monday – Friday, and some branches stay open until 2 p.m. on Saturdays.
Despite the perks, there are a few disadvantages to banking with Huntington Bank. Not every branch location is open on Saturdays, which might create problems for those who conduct most of their business on the weekends. And while other banks offer a range of credit card products, a Huntington Bank credit card is not an option at this time. The bank, however, is in the process of creating a credit card line.
Additionally, Huntington bank is regional bank and locations are limited to six states. Huntington Bank headquarters are located in Columbus, Ohio, and the bank only maintains branches in Ohio, Michigan, Pennsylvania, Indiana, West Virginia and Kentucky.
Should You Bank with Huntington?
If you’re not wholeheartedly satisfied with your current bank, Huntington Bank can give you a new experience. Understandably, this bank isn’t a good match if you live outside its service areas. But if you’re eligible for an account, this bank is perfect if you’re looking for competitive interest rates, longer branch hours and the latest electronic features.
For information on a branch near you, visit the bank’s official website or call 1-800-480-BANK.