Huntington Bank is offering some high rates on its long term Jumbo CDs. The top rates are 5.06% APY and 4.79% APY for the 5 and 4 year CDs with a $250,000 minimum deposit. The yields for a $100,000 minimum deposit are 4.85% APY and 4.57% APY. The rates for some of the shorter terms are also competitive. The top rate for a 2-year CD is 4.06% APY.

Here’s some details about their Jumbo CD:

• Can be opened by phone and funded by mailing a check
• 12 months of interest penalty for early withdrawal
• 10 day grace period
• At maturity, you can instruct them by phone to close the CD and send you a check
• Available in an IRA (IRAs are federally insured to at least $250K)

Huntington Bank is FDIC insured. Bankrate still gives it a rating of 3 out of 5 stars (performing) based on 12/31/07 data. For those who have accounts at UFB Direct, please note that your deposits may be FDIC insured through Huntington Bank.