Penalties range from 3 months to 12 months of simple interest, depending on your CD term length. Similar to most banks, Huntington Bank charges an early withdrawal penalty for withdrawing funds from a CD account before it reaches maturity. Huntington CDs feature a 10-day grace period following the maturity date in which customers can add or withdraw funds, change CD terms or close the account. Customers can have interest paid out monthly, quarterly, semi-annually, annually or at maturity.Īside from the 7-day and 14-day jumbo CDs, which are non-renewable, Huntington Bank CDs automatically renew at maturity. Traditional fixed-rate CDs come with a minimum deposit requirement.
Huntington Bank offers two types of CD accounts.
