The Huntington Bank invites consumers to take advantage of their highest CD rates at 3.39% APY for their 72-month program. Other certificate of deposit deals give 3.20% APY for a 60-month term, 3.00% APY on a 48-month special, and 2.60% APY for a 36month program. Minimum deposit for this tier of rates is $50K.

The structure of their certificate of deposit accounts appear to have the $50K deposits having an APY higher by 10 basis points than the $10K minimum. The $10K minimum deposit is 10 basis points higher than the $1000 minimum in terms of their annual percentage yields.

When you visit the webpage of the bank, the website will ask for a zip code before displaying the rates. It appears though that the rates are the same when you enter different zip codes.

Application for the certificates of deposits can be done over the phone. Funding can be accomplished by sending a check via mail. The bank will lock the rates for 15 days upon receipt of the application. This time will be given to the consumer to complete their application kit and send them the check.

According to the customer service representative of Huntington Bank, they impose early withdrawal penalties of as much as 12 months worth of interest for programs over 18 months.

The bank gives a 10-day grace period so one will have ample time to decide what to do with the proceeds. At maturity, account holders can call the bank if they decide to close the account. The bank can then send a check with an amount ceiling of $25K. Account holders also have the benefit of unlimited transfer of funds to any Huntington account.

Huntington has branches in West Virginia, Pennsylvania, Ohio, Michigan, Kentucky, and in Indiana.

BauerFinancial and banrate.com both gave the bank 3 stars when they reviewed its financial soundness using their September 2008 data.

Huntington Bank is secured by the FDIC with certificate # 6560.