Huntington Bancshares Cuts Prime Rate to 7% for Customers

Author: Owen Jenkins Updated: 10-29-2025 05:27 PM

Huntington Bancshares Announces Prime Rate Reduction

Huntington Bancshares Incorporated has officially announced a decrease in its prime rate from 7.25 percent to a new low of 7.00 percent. This change takes effect on the 30th of October 2025, reflecting the bank's commitment to providing competitive rates to its customers.

Recent Changes in Prime Rate

This recent adjustment follows a prior reduction on September 18, 2025, when the prime rate was lowered from 7.50 percent to 7.25 percent. These strategic changes are part of Huntington's efforts to support its client base, ensuring they have access to favorable borrowing conditions.

Understanding the Prime Rate

The prime rate is a crucial index for financial institutions and is often used as a benchmark for various types of loans. A lower prime rate typically translates to lower borrowing costs for consumers and businesses, thereby stimulating economic growth and spending.

About Huntington Bancshares Incorporated

Founded in 1866, Huntington Bancshares Incorporated is a reputable regional bank holding company with assets surpassing $223 billion. The Huntington National Bank and its affiliates serve a diverse range of clients, including individual consumers, small to middle-market businesses, corporations, and municipalities. They focus on delivering a comprehensive suite of banking, payments, wealth management, and risk management product offerings.

Branch Network and Services

With over 1,000 branches operating across 14 states, Huntington is well-positioned to meet a variety of financial needs. Their extended geographical coverage allows them to cater to the banking requirements of customers from various regions effectively.

Commitment to Customer Service

Huntington Bancshares places a strong emphasis on customer service and engagement. They strive to provide tailored financial solutions that meet the unique needs of their clients, ensuring a positive banking experience for everyone.

Frequently Asked Questions

What is Huntington Bancshares Incorporated?

Huntington Bancshares Incorporated is a regional bank holding company founded in 1866, providing a wide array of banking and financial services.

What is the current prime rate announced by Huntington?

The current prime rate announced by Huntington Bancshares is 7.00 percent.

When will the new prime rate take effect?

The new prime rate will take effect on October 30, 2025.

How does the prime rate affect borrowers?

The prime rate serves as a benchmark for loans. A lower prime rate generally results in lower interest rates for loans offered to consumers and businesses.

How many branches does Huntington operate?

Huntington operates more than 1,000 branches in 14 states, providing extensive access to their banking services.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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