DISCLOSURES
1 IRA CD. IRA CD provides guaranteed fixed rate for the term of the CD; $1,000 minimum to open; subject to early withdrawal penalty and IRS tax implications. Variety of short and longer terms are available.
Certificate of Deposit accounts with competitive rates
Plan with purpose. Save with certainty.
A certificate of deposit (CD) is a savings option that helps you plan ahead. You earn a fixed interest rate. And you know what to expect.
Smart CD features, thoughtfully crafted
Earn predictable returns
Stronger rates for long-term saving
Your money is protected
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We monitor the market daily to offer competitive rates, so your money keeps working as hard as you do.
CD Savings Calculator
See how your savings could grow over time
Estimate the future value of your certificate of deposit. Just enter your deposit amount, term, interest rate, and compounding frequency to get started.
Huntington’s CD IRA
A fixed-rate CD with IRA benefits
A CD IRA offers the stability of a certificate of deposit with the tax benefits of an IRA. Terms start at $1,000. Visit a branch to explore your options1.
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Related Resources
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Certificates of Deposit FAQs
What is a CD account?
CDs are a type of savings account that offer maximum security of principal—FDIC insured up to applicable limits—and a guaranteed rate of return. They offer fixed term lengths, a fixed date of withdrawal, and fixed interest rates that are usually higher than a savings or money market account.
How does a CD work?
To open a CD account at Huntington, you must visit a branch and open an account in person. Based on the deposit you'd like to make, a banker will help you determine the best CD, term length, and interest rate.
Once you open your CD account and add your deposit, you typically can’t make additional deposits or withdraw money before the CD reaches its fixed date of withdrawal, also known as maturity. Your principal deposit will earn interest that’s compounded—daily, monthly, annually, or at maturity—and you can choose to receive that interest in regular payments, or all at once when the CD reaches maturity. Once the CD term ends, you can choose to renew the CD at a new rate or close the account. Some CDs renew automatically unless you choose to make a withdrawal during the grace period.
How do CD rates work?
CD rates are often higher than a savings or money market account and are fixed rates, so even if national interest rates change, the rate you locked in upon opening your CD will not change.
Like a traditional savings account, the interest earned on a CD account is compounded, meaning you earn interest based on your deposit balance, including interest earned. CD interest can be compounded daily, monthly, annually, or at maturity depending on the type of CD you have.
When do CDs pay interest?
You can usually choose when and how you receive your CD interest payments. At Huntington, interest can be paid monthly, quarterly, semi-annually, annually, or at maturity.
What is the penalty for early withdrawal of a CD?
With most CD accounts, there is a penalty for withdrawing money from your CD before it reaches maturity.
At Huntington, the early withdrawal penalty depends on the type of CD you and the term. Log into your Huntington account, visit a Huntington branch, or call us at (800) 480-2265 to learn more about your specific early withdrawal penalties.
Are CDs FDIC insured?
Yes. At Huntington, CD accounts are insured up to FDIC limits.