Banking » Compare Banks » U.S. Bank vs. Huntington Bank: Which Bank Account Is Better?
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U.S. Bank vs. Huntington Bank: Which Bank Account Is Better?

There is no clear winner when comparing Huntington and U.S. Bank , but if we have to pick one – Huntington is our first choice. Here's why:
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: January 1, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: January 1, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Chase and Huntington Bank are a lot alike—they both offer banking services and have branches in many states, making it easy for lots of people to use them. But, even though they're similar, there are some important differences between the two.

In this detailed comparison, we'll look closely at both banks, checking out things like savings accounts, checking accounts, CDs, credit cards, and loans. The goal is to give you all the info you need to make a smart decision about which bank might be right for you.

Checking Accounts

Huntington Bank is our winner when it comes to checking accounts as it offers more options for customers a free checking account, which is not available through U.S. Bank, and a variety of banking features.

Huntington Bank has different kinds of checking accounts. One is called Asterisk-Free Checking, and it's straightforward with no monthly fees.

Then there's Huntington Platinum Perks Checking and Huntington Perks Checking, which give you interest and extra benefits. These accounts have monthly fees, although you can avoid them in a couple of ways.

Huntington Account
Monthly Fee
Average Day Balance To Waive
Huntington Asterisk-Free
$0
N/A
Huntington Perks Checking
$10
$5,000
Huntington Platinum Perks
$25
$25,000
Huntington SmartInvest
$0
$100,000
Perks Checking Huntington Bank
Perks Checking Huntington Bank (Screenshot from Huntington Bank)

U.S. Bank also offers two main checking accounts for customers: the U.S. Bank Smartly Checking and the U.S. bank safe debit. Both have monthly maintenance fees, but the Safe Debit account fees can't be waived, unlike the U.S. Bank Smartly Checking:

U.S. Bank Account
Monthly Fee
Average Day Balance To Waive
U.S. Bank Smartly Checking
$6.95
$1,500
Safe Debit
$4.95
Cannot be waived

Huntington Bank offers a range of perks across its checking accounts, enhancing the overall banking experience for customers. For the Platinum Perks account, these include discounts on mortgages and home equity loans, identity monitoring services add an extra layer of security and unlimited free checks, and waived ATMs fees contribute to cost savings.

Additional perks of all accounts encompass modern banking conveniences such as Zelle for easy money transfers, Early Pay for quicker access to funds, and comprehensive online and mobile banking services.

Huntington Account
Main Features
Huntington Platinum Perks
Mortgage discounts, unlimited free checks and ATMs fees
Huntington Perks Checking
5 free non-Huntington withdrawals, interest bearing, Relationship rates
Asterisk-Free Checking
Zelle, Early Pay, mobile banking, $50 Safety Zone and 24-Hour Grace
Huntington SmartInvest
Credit Score & Identity Monitoring, speical rates, investing, unlimited free checks and ATMs fees
Pay bills and schedule payment on Huntington app
Pay bills and schedule payment on Huntington app (Screenshot from Huntington Bank)

The U.S. Bank checking account offers a range of features designed to meet the diverse needs of customers:

U.S. Bank Account
Main Features
U.S. Bank Smartly Checking
Smart Rewards, transfer money, set alerts, $50 overdrawn available
Safe Debit
Directly deposit paychecks, pay bills for free, no overdraft fees

Savings Accounts

Huntington Bank is our winner when it comes to savings accounts. While both banks offer low savings rates, their money market account can earn you a decent yield, which is not available through U.S. Bank.

Both U.S. Bank and Huntington Bank provides a savings account, but the rate is very low. Yet, the Relationship Money Market Account from Huntington stands out, offering a more attractive interest rate along with various perks (MMA is not available through U.S. Bank).

Customers can earn at least Up to 4.49% APY on balances exceeding $25,000, and they receive special relationship rates if they have a Perks Checking or Platinum Perks Checking account.

Huntington Bank Savings
Huntington Money Market
U.S Bank Savings Account
Savings Rate
0.01% – 0.06%
Up to 4.49%
0.01%
Minimum Deposit
$0
$25,000
$25
Fees
$10 Can be waived if you also have a qualifying checking account or maintain a minimum balance of $2,500
$25 Can be waived if you also have a qualifying checking account or maintain a minimum balance of $25,000
$4 can be waived by $300+ daily ledger balance or $1,000 average monthly balance

Certificate Of Deposits (CDs)

When it comes to CDs, U.S. Bank is our winner.  Both U.S. Bank and Huntington Bank offer higher rates only on specific CD terms, so customers have no options to combine short and long-term CD options or use strategies such as CD laddering.

However, U.S. Bank offers more promotional terms than Huntington Bank.

CD Type
CD Term
APY
Standard CD
6 Months
0.05%
Standard CD
12 Months
0.05%
Standard CD
24 Months
0.05%
Standard CD
36 Months
0.10%
CD Special
7 Months
4.00%
CD Special
11 Months
4.75%
CD Special
13 Months
4.80%
CD Special
19 Months
4.95%
Step Up CD
28 Months
0.35%
Trade Up CD
30 Months
0.10%
Trade Up CD
60 Months
0.40%
Term
Huntington Bank CD Rates
7 Month
4.86%
11 Month
5.13%
Minimum Deposit
$1,000

Credit Cards

U.S. Bank is our winner in the credit cards category, with many options for different types of needs.

While they might not be as famous as some other popular cards, U.S. Bank's credit card options come with attractive rewards for a wide range of people.

They have two great choices with no annual fee – the Cash+ card for cashback and the Altitude Go card for point rewards. If you're looking for a high-end card, there's the new U.S. Bank Shopper Cash rewards with a great cashback rate, and the Altitude Connect card has lots of perks for travelers.

Finally, for frequent travelers who want a luxury experience, U.S. Bank offers the Reserve Visa Infinite card with many premium benefits.

Card
Rewards
Bonus
Annual Fee

U.S. BANK SHOPPER CASH REWARDS® VISA SIGNATURE® CARD

U.S. Bank Shopper Cash Rewards
1.5% – 6% 6% cash back on your first $1,500 in combined eligible purchases each quarter at two retailers you choose, 3% back on your first $1,500 in eligible purchases each quarter on your choice of one everyday category, 1.5% back on all other qualifying purchases. Also, 5.5% back on reservations for hotels and prepaid car rentals when you book through the U.S. Bank Rewards Center.
$250 $250 bonus after you spend $2,000 in eligible purchases within the first 120 days of account opening
$95 ($0 on first year)

U.S. Bank Cash+™ Visa Signature

U.S. Bank Cash+® Visa Signature® Card
1% – 5% 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, 2% cash back on one everyday category, like gas stations, grocery stores or restaurants, 1% cash back on all other eligible purchases
$200 $200 rewards bonus after you apply online and spend $500 in eligible purchases within the first 90 days of account opening
$0

U.S. Bank Altitude® Go Visa Signature® Card

U.S. Bank Altitude® Go Visa Signature® Card
1X – 4X 4x points at restaurants, take-outs & deliveries, 2x points at supermarkets, gas stations & streaming servicesm and 1 point for 1 dollar on all other purchases
20,000 points 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening
$0

U.S. Bank Altitude Connect Visa Signature

U.S. Bank Altitude Connect Visa Signature Card
1X – 5X 5X points on prepaid hotels and car rentals booked directly in the Altitude Rewards Center; 4X points on travel, gas stations, and EV charging stations; 2X points on grocery stores, grocery delivery, dining, and streaming services; and 1X points on all other eligible purchases
50,000 points 50,000 bonus points when you spend $2,000 in eligible purchases within the first 120 days of account opening
$95 (waived first year)

U.S. Bank Altitude® Reserve Visa Infinite® Card

U.S Bank Altitude Reserve Visa Infinite Card
1X – 5X 5 points per dollar on prepaid hotels and car rentals booked directly in the Altitude Rewards Center, 3 points per dollar on eligible travel purchases and mobile wallet spending and 1 point per dollar on all other eligible net purchases
50,000 points 50,000 points worth $750 on travel after spending $4,500 in the first 90 days of account opening
$400

Huntington Bank offers a selection of credit cards with features like cash back rewards and low APRs.

While the options may be more limited compared to U.S. Bank, Huntington's credit cards can be suitable for those seeking straightforward rewards and lower interest rates.

Card
Rewards
Bonus
Annual Fee

Huntington® Cashback Credit Card

Huntington Cashback Credit Card
1x – 3x 3x reward points (3% cash back) when you use your credit card to make a purchase in your category of choice, up to $2,000 in spend per quarter, 1x on all other purchases
N/A
$0

Huntington Voice Rewards Credit Card

Huntington Voice Rewards Credit Card
1x – 3x 3x reward points (3% cash back) when you use your credit card to make a purchase in your category of choice, up to $2,000 in spend per quarter, 1x on all other purchases
N/A
$0

Huntington Voice Credit Card

Huntington Voice Credit Card
N/A
N/A
$0

THE OHIO STATE VOICE CREDIT CARD®

The Ohio State Voice Credit Card
1x – 3x points OR lower purchase APR 3X rewards in the one category you choose from ten pre-selected categories, up to $2,000 in spend per quarter and 1X reward for all other purchases, OR lower purchase APR (instead of rewards)
N/A
$0

Mortgage And Loans

There is no clear winner when it comes to options for borrowers as both banks offer the same types of lending options.

Both Huntington and U.S. Bank provide mortgages for homebuyers, mortgage refinancing for improved terms, and home equity loans. The banks also offer personal loans and car financing for both new and used vehicles.

Get a personal loan on Huntington
Get a personal loan on Huntington app (Screenshot from Huntington Bank)

Which Bank Is Our Winner?

There is no clear winner in this battle, but if we have to pick one – Huntington is our first choice. While U.S. Bank is better when it comes to credit card options, Huntington offers high rates for savers with its money market account, as well as a variety of checking accounts. 

However, it is crucial to assess various factors, primarily focusing on those that are significant for your specific needs. This could include banking services, overdraft assistance, frequent ATM usage, proximity to bank locations, and other elements that vary from person to person.

Compare U.S. Bank With Other Banks

US Bank offers an even more impressive range of banking services. Savings and checking account options, investments, personal loans, mortgage products, and wealth management are all available.

Bank of America offers a wide range of banking services. There are numerous credit cards available, as well as various checking and savings accounts, home loans, investments, and auto loans.

Read Full Comparison: Bank of America vs US Bank: Which is Best For You?

Wells Fargo offers a diverse range of products, including checking accounts, savings accounts, loans, mortgages, and investments such as 401ks, IRAs, and wealth management options.

US Bank offers an even more impressive range of banking services. Savings and checking account options, investments, personal loans, mortgage products, and wealth management are all available.

Read Full Comparison: Wells Fargo vs US Bank: Which Bank Account Is Better?

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Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 4/17/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

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Fees:
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Rewards:
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Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 4/17/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Compare Huntington Versus Other Banks

While Huntington Bank offers some better conditions when it comes to CDs and lending options, Chase is our winner. Here's why: Chase vs. Huntington Bank

Huntington and Fifth Third Bank provide various banking services, and figuring out which is best can be tricky. Here's our comparison: Fifth Third Bank vs. Huntington Bank

PNC is our winner in this competition with a better banking package than Huntington Bank. But there are more things to consider: PNC Bank vs. Huntington Bank

Understanding Our Banking Comparison Methodology

In our thorough banking comparison, The Smart Investor team carefully reviewed and compared banks across five key categories:

  1. Checking Accounts (30%): We examined features like direct deposit, debit card availability, monthly fees, ATM and branch access, check deposit, bill pay options, and account alerts. We also considered any special offers available to customers.

  2. Savings Accounts and CDs (20%): Our focus was on important factors such as the Annual Percentage Yield (APY), minimum deposit requirements, account flexibility, FDIC insurance coverage, special savings offers, variety of CDs, automatic renewal options, and early withdrawal penalties.

  3. Credit Cards (15%): We analyzed rewards programs, annual fees, introductory bonuses, travel benefits, APR, and balance transfer options offered by each bank's credit cards to provide a comprehensive comparison of available features.

  4. Lending Options (15%): We assessed the variety of loan options provided, including personal loans, student loans, mortgages, secured loans, HELOCs, and Home Equity Loans, offering insights into the banks' lending capabilities.

  5. Customer Experience and Bank Reputation (20%): Our evaluation included an analysis of online banking and mobile app usability and ratings, accessibility of customer support, online reviews, JD Power research, Trustpilot ratings, and overall financial stability, providing a holistic view of customer experience and reputation.

Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 4/17/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you’ll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

PNC bank logo

Promotion:
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Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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