Friday, November 07, 2014COLUMBUS, Ohio -- Huntington Bank has introduced two new checking accounts that pay interest, Huntington 5 Checking and Huntington 25 Checking. Mary Navarro, retail and business banking director, announced the new products Thursday.
To qualify for the Huntington 5 account, “Customers should have at least $5,000 in total relationship balances,” the bank said, to avoid a monthly maintenance fee. For the Huntington 25, the minimum is $25,000.
“These total relationship balances can be an aggregated summation of the customer’s checking, savings, money market, certificates of deposit, IRAs and certain investment accounts,” the bank said.
The rate of interest paid on the Huntington 5 is 0.15%, a spokesman said, for the Huntington 25, 0.25%.
Customers can still open either account “even if their total relationship balance is less than the required total by paying a $5 monthly fee for the Huntington 5 or a $25 monthly fee for the Huntington 25.”
The bank does not require a minimum to open either account.
Customers will have their monthly maintenance fees waived if they have either a Huntington Relationship Savings account or Huntington Relationship Money Market account when they choose to open either of the new Huntington checking accounts, the bank said.
SOURCE: Huntington Bank.
Published by The Business Journal, Youngstown, Ohio.
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