With its main offices in Cincinnati, Ohio, Fifth Third Bank ranks as the eighteenth biggest financial institution in the United States. It manages more than 1,000 locations across 12 states, providing comprehensive financial services including free checking accounts, deposit accounts, time deposits (CDs), charge cards, diverse lending options, and additional offerings.
TL;DR
- Fifth Third Bank offers a wide range of financial services, including checking and savings accounts.
- The bank has a strong presence in the East Coast and Midwest but lacks branches in the western US.
- Fifth Third Bank provides robust overdraft protection with a 24-hour grace period for rectifying issues.
- While offering fee-free checking, the bank's APY for savings and CDs is generally not competitive.
Fifth Third Bank doesn't cater to everyone, though. The interest rates it offers on savings accounts and Certificates of Deposit (CDs) are generally not competitive, and it has no branches in the western United States. Here's a rundown of what to expect when you bank with Fifth Third.
All rates and fees are current as of Dec. 4, 2025, and are subject to change.
Fifth Third Bank
Fifth Third Bank
| Checking accounts | Starting at $0 per month |
| Savings account | No minimum balance requirements |
| CD rates | Earn up to 3.10% APY |
at MoneyLion
- Year Founded: 1858
- Company Headquarters: Cincinnati, OH
- CEO: Tim Spence
Fifth Third Bank is a suitable choice for individuals and businesses seeking a range of financial services, including checking and savings accounts, loans, and investment options.
For individuals residing in regions served by Fifth Third's physical branches, this financial institution presents an excellent choice for those who prefer face-to-face banking. You'll probably find that you can manage all your financial needs conveniently in one spot, given the extensive selection of account types. Furthermore, Fifth Third provides robust overdraft protection, featuring an extended 24-hour grace period to rectify any overdrafts before a charge is applied.
Fifth Third Bank might not be the best choice for certain individuals.
Individuals residing beyond Fifth Third's operational regions won't be able to establish an account. Fifth Third's presence is confined to the East Coast and Midwest, spanning from Michigan and Illinois down to Florida.
Although you might reside close to a physical location, Fifth Third Bank doesn't provide particularly impressive annual percentage yields on the majority of its savings products. It's an inadequate place to keep your surplus cash.
Pros
- Fee-free checking
- Full-service financial institution
- Customer-friendly overdraft protection policies
Cons
- Low APY for savings, CDs, and money market accounts
- Must live in a service area to open an account online
- Promotional CDs require considerable minimum deposit
Fifth Third Bank rates and products
Fifth Third Bank provides a substantial selection of six checking accounts, three savings accounts, a money market account (MMA), and various certificates of deposit (CDs). The precise yield you receive could differ based on your particular geographic area.
Bank details checked Dec. 4, 2025.
Checking accounts
Fifth Third Bank offers a selection of six distinct checking accounts. Three of these are standard choices: the Fifth Third Momentum Checking, Preferred Checking, and Express Banking. The remaining three accounts cater to specific groups, designed for military personnel, individuals with disabilities, and students aged 13 and older.
As of this moment, the Momentum Checking account includes a $300 incentive upon establishing a new checking account by January 7, 2026, provided you make direct deposits amounting to $500 or more within 90 days of opening the account. Certain conditions are applicable.
Fifth Third Momentum Checking
- Welcome bonus: $300 after qualifying activity (expires January 7, 2026)
- Minimum deposit: $0
- Monthly fee: $0
- APY: N/A
- Overdraft fees: $35
- Checks: Yes
- Special features:
- Additional day to make your overdrafted account current without fees
- Receive your paycheck up to two days early
Fifth Third Preferred Checking
- Minimum deposit: $0
- Monthly fee: $25, avoidable with a combined balance of $100,000 in deposit/investment accounts once per month.
- APY: 0.01%
- Overdraft fees: $35
- Checks: Yes
- Special features:
- Receive your paycheck up to two days early
- Improved loan rates
Fifth Third Express Banking
- Minimum deposit: $0
- Monthly fee: $5
- APY: N/A
- Overdraft fees: N/A
- Checks: No
- Special features:
- Receive your paycheck up to two days early
Bank details checked Dec. 4, 2025.
Savings accounts
Fifth Third provides three savings options: the Fifth Third Momentum Savings, Kids Savings, and 529 Savings Account, designed to assist with funding post-secondary education. Additionally, they offer a Health Savings Account (HSA) for covering medical expenses using pre-tax funds.
Fifth Third Momentum Savings
- Minimum opening deposit: $0
- Monthly fee: $5, avoidable with one of the following:
- Fifth Third Checking account (except Fifth Third Express Banking)
- Average monthly balance of $500+
- You are under age 18
- You are enrolled in Fifth Third Military Banking
- APY: 0.01%
- Special features:
- Create up to 4 savings goals at a time
- Smart Savings automates weekly savings amounts
Kids Savings Account
- Minimum opening deposit: $0
- Monthly fee: $5, avoidable if account owner is under age 18
- APY: 0.01%
- Special features:
- Teach kids about money management
529 Savings Account
- Minimum opening deposit: $25
- Monthly fee: $0
- APY: Varies by region and balance
- Special features:
- Earnings grow tax free
Bank details checked Dec. 4, 2025.
Money market account
The Fifth Third Relationship Money Market account incurs a $5 monthly charge, which can be forgone by holding a Momentum or Preferred checking account, or by keeping an average monthly balance of $500 or more. This charge is also excused for individuals under 18 years of age or those participating in Military Banking.
This account is promoted as a way to generate higher returns compared to a savings account. However, the MMA seems to provide an equivalent Annual Percentage Yield to Fifth Third's interest-bearing savings accounts.
Bank details checked Dec. 4, 2025.
Certificates of deposit
Fifth Third Bank's Certificates of Deposit require a $500 initial deposit for their regular rates, and a $5,000 initial deposit for their special CD rates. The standard CD rates are not particularly beneficial, and even their special CDs offer returns that are only slightly comparable to what other institutions provide.
The Certificates of Deposit (CDs) you can access might differ based on your location. Applying for CDs can only be done by visiting a branch. Fifth Third also offers 529 CDs, which have a term of up to 144 months, and IRA CDs.
Fifth Third CD rates
| Term length | APY |
|---|---|
| 10 months (promo) | 3.10% |
| 14 months (promo) | 2.80% |
| 24 months (promo) | 2.00% |
| 7 days to 84 months | 0.01% |
| 10 months (promo) | |
|---|---|
| APY | 3.10% |
| 14 months (promo) | |
| APY | 2.80% |
| 24 months (promo) | |
| APY | 2.00% |
| 7 days to 84 months | |
| APY | 0.01% |
Bank details checked Dec. 4, 2025.
Other services Fifth Third Bank offers
Fifth Third offers more than simple deposit accounts. You’ll also find services like:
- Personal loans and lines of credit: Apply for up to $50,000 of funding for your personal needs.
- Mortgages: Choose between a fixed-rate mortgage, adjustable-rate mortgage, jumbo loan, Federal Housing Administration (FHA) loan, and more.
- Credit cards: Fifth Third offers both cash back and secured cards.
- Life insurance: You can buy term life insurance, universal life insurance, variable life insurance, and whole life insurance policies. Fifth Third also offers long-term care insurance and disability income insurance.
- Individual retirement accounts (IRAs): You can open a Roth or traditional IRA with $500.
- Estate planning: Create your will or trust-based estate plan that will safeguard your assets upon your death.
Online banking
Fifth Third isn’t an online-only bank, but it does offer a decent online banking experience. You can use the website to pay bills, receive paperless statements, set up account alerts, and get account support—the standard stuff.
The Fifth Third platform and customer support
Beyond its website, Fifth Third has a mobile app that consistently receives glowing reviews. It ranks 4.7 on the Google Play Store and 4.8 on the Apple App Store from more than 700,000 ratings.
Fifth Third can be contacted via telephone at 800-972-3030 during weekdays from 8 a.m. To 6 p.m. And on Saturdays from 10 a.m. To 4 p.m. Eastern Time. Additionally, online chat is available around the clock once you've signed into your account.
Is Fifth Third Bank secure?
Fifth Third employs numerous safeguards to protect your data, such as continuous oversight, alerts for identity theft, fraud detection for Zelle, multiple encryption methods, a digital certificate, two-factor authentication, and additional protections.
Fifth Third Bank user reviews
Financial firms need to be nearly flawless to steer clear of poor online evaluations. Clients are most inclined to post feedback when they believe they've experienced unfair treatment.
Considering everything, Fifth Third currently holds a commendable 3.2 star rating on Trustpilot. Praising comments predominantly focus on the helpful and friendly nature of their customer service staff, whereas unfavorable feedback centers on aspects such as bill payment, automatic payments, and associated charges.
Additionally, favorable feedback can be located on platforms such as Reddit. Patrons appreciate the offered introductory incentive, satisfactory annual percentage yield, and the institution's generally trustworthy standing.
Compare Fifth Third Bank alternatives
Fifth Third Bank |  SoFi® Member FDIC |  [EDIT.HEADER] |
|---|---|---|
| Top savings APY | Top savings APY | Top savings APY |
| 0.01% | Get up to 3.60%.1 Receive a 0.70% increase in your savings Annual Percentage Yield, reaching as high as 4.30% for a duration of up to six months on newly opened accounts that meet the requirements for Direct Deposit. Certain conditions are applicable.2 | 3.7% |
| Top checking APY | Top checking APY | Top checking APY |
| 0.01% | 0.50% | 0.25% |
| Top CD APY | Top CD APY | Top CD APY |
| 3.10% | N/A | 3.90% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at SoFi | View offer at MoneyLion |
Bank details checked Dec. 4, 2025.
Is Fifth Third Bank right for you?
For individuals residing close to a Fifth Third Bank location and preferring face-to-face interactions, this institution could be a suitable choice. While you won't accumulate significant wealth through its interest rates or gain numerous extra account perks, Fifth Third may be a fitting option if you seek a straightforward selection of accounts that fulfill your basic banking needs.
Frequently asked questions
Can you help me find Fifth Third Bank branches in my vicinity?
Fifth Third's operations are confined to a mere 12 states: Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia. Nevertheless, even if you reside within one of these designated states, your particular zip code might not qualify for a Fifth Third account.
Fifth Third Bank provides a variety of checking accounts.
Fifth Third provides a complimentary checking account, an interest-earning selection with superior advantages for sums exceeding $100,000, an account devoid of overdraft charges, a specialized account for military personnel, an account designed for individuals with disabilities, and an account tailored for young people and students.
Does Fifth Third offer a savings account with a competitive annual percentage yield?
Fifth Third's savings accounts don't offer a competitive annual percentage yield. While its accounts do accrue interest, the earnings are exceptionally minimal at this moment.
Does Fifth Third offer an incentive for new customers?
As of the current date, Fifth Third does provide a welcome incentive for establishing its Momentum Checking account. Qualifying individuals have the opportunity to obtain a $300 reward upon opening a new account before January 7, 2026, and subsequently depositing a cumulative total of $500 or more through direct deposits within 90 days of account establishment. Certain conditions are applicable.
Is Fifth Third Bank covered by FDIC insurance?
Yes, Fifth Third is FDIC-insured up to $250,000 per account owner per ownership category.
SoFi disclaimer
1:
The annual percentage yield (APY) can fluctuate and is subject to modification without notice. Current rates were effective on 11/12/25. No minimum balance is necessary. Charges might decrease your returns. Further rate details and particulars are available at https://www.sofi.com/legal/banking-rate-sheet
2: 0.70% Savings APY Boost
Achieve a maximum Annual Percentage Yield (APY) of 4.30% on your SoFi Savings account, featuring a 0.70% APY Enhancement (which supplements the 3.60% APY effective 11/12/25) for a duration of up to six months. Sign up for SoFi Plus from 9/18/25 through 1/31/26. Rates are subject to fluctuation and change. Conditions are applicable at sofi.com/sofi-plus SoFi Bank, N.A. Member FDIC.