An online savings account from DirectHuntington isn’t one of the best offers out there. The Anywhere Savings Account offered by DirectHuntington is unfortunately one of those tiered rate accounts which require a minimum balance threshold in order to earn a higher yield on your money. We’ve seen some pretty bad tiers out there, with pretty much all our nothing in terms of a yield. Direct Huntington actually has multiple tiers so you are at least receiving a average rate across all tiers.
There are some aspects to the account that are beneficial to you however they’re nothing that all of the other online savings accounts have to offer.
The Anywhere Savings Account offers:
An better than average interest rate (low compared to other online savings accounts)
No monthly maintenance fees
There are several tiers to this account which are listed below. We’ll list the current rates but please keep in mind these are subject to change.
$0 – $2,499.99 0.50% APY
$2,500 – $9,999.99 1.00% APY
$10,000 – $19,999.99 1.20% APY
$20,000-$49,999.99 1.40% APY
$50,000-$99,999.99 1.60% APY
$100,000-$999,999.99 1.80% APY
$1,000,000.00 and Up 0.50% APY
More than the average amount of tiers but better than the rest. Ideally, if you have this amount of cash sitting in an account, you should look to opening a account with ING, Schwab, ETrade or WTDirect. All which offer a much more stable rate without the tiers.
*Account not available to California Residents/Accounts need to be approved by DirectHuntington prior to opening.