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.
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Account Types
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 |
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 |
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Features
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 |
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% | up to 4.25% |
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.
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U.S. Bank CD Rates
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 | 3.80% |
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% |
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Huntington CD Rates
Credit Cards
Card | Rewards | Bonus | Annual Fee |
| 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® Card | 1% – 5%
5% cash back on purchases in two categories of your choice (up to $2,000 in combined purchases per quarter, then 1 percent). 5% back on prepaid air, hotel, and car reservations through the Rewards Center. 2% cash back on one choice everyday category. 1% back on all other purchases
| $200
$200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
| $0 |
| 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 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
| 60,000 points
60,000 points after spending $6,000 in eligible purchases on the account owner's card within the first 180 days from account opening
| $95 (waived first year) |
| 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 |
Card | Rewards | Bonus | Annual Fee |
| 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 | 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 | N/A | N/A | $0 |
| The Ohio State Voice Credit Card | $100
$100 when you spend $1,000 within the first 60 days after account opening. For the Cashback Card, you will receive $100 cash bonus, which can be redeemed for a $100 statement credit or direct deposit. For the rewards card, you will receive 10,000 bonus points which can be redeemed for a $100 statement credit or direct deposit. For the lower rate card, you will receive a $100 statement credit | 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.
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
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Understanding Our Banking Comparison Methodology
In our thorough banking comparison, The Smart Investor team carefully reviewed and compared banks across five key categories:
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.
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.
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.
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.
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.
