Headquartered in Cincinnati, Ohio, Fifth Third Bank is the 18th-largest bank in the U.S. It operates over 1,000 branches in 12 states, offering a full-service banking experience with free checking accounts, savings, certificates of deposit (CDs), credit cards, various loans, and more.
The bank is not a one-size-fits all, however. Its savings and CD APYs are largely uncompetitive, and its physical locations are nonexistent in the western half of the country. Here’s what you need to know about banking 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
Who is Fifth Third Bank good for?
If you live in an area where Fifth Third operates brick-and-mortar locations, this bank can be a great option for those looking for an in-person experience. You’ll likely be able to do all of your banking in one place thanks to the wide variety of accounts. Fifth Third also has great overdraft protection, including an extended 24 hours to correct overdrafts before charging a fee.
Who shouldn’t use Fifth Third Bank?
Those who live outside of Fifth Third’s service area will need to look elsewhere, as you’ll be ineligible to open an account. Fifth Third operates around the East Coast and Midwest exclusively, from Michigan to Illinois to Florida.
Even if you do live near a branch, Fifth Third Bank doesn’t offer many noteworthy APYs on most of its savings accounts. It’s a subpar destination for your excess funds.
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 offers a whopping six checking accounts, three savings accounts, a money market account (MMA), and multiple CDs. The exact return rate you get may vary by your specific location.
Bank details checked Dec. 4, 2025.
Checking accounts
You’ve got six checking account options with Fifth Third Bank. Three of them are mainstream-esque: The Fifth Third Momentum Checking, Preferred Checking, and Express Banking. The last three are a bit more niche, created for military members, those with disabilities, and students aged 13 and up.
Notably, as of this writing the Momentum Checking option comes with a $300 bonus after you open a new checking account by March 31, 2026, and make direct deposits totaling $500 or more within 90 days from account opening. Terms apply.
Fifth Third Momentum Checking
- Welcome bonus: $300 after qualifying activity (expires March 31, 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 issues three savings accounts: The Fifth Third Momentum Savings, Kids Savings, and 529 Savings Account to help you pay for higher education. On a related note, it offers a Health Savings Account (HSA), used to pay for medical bills with pre-tax money.
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 has a $5 monthly fee, but it’s waivable with a Momentum or Preferred checking account or if you maintain an average monthly balance of $500+. The fee will also be waived if you are under age 18 or enrolled in Military Banking.
This account is touted to help you achieve greater earnings than a savings account. That said, the MMA appears to offer the same APY as Fifth Third’s interest-bearing savings accounts.
Bank details checked Dec. 4, 2025.
Certificates of deposit
Fifth Third Bank CDs have a minimum deposit of $500 for standard rates and a $5,000 minimum deposit for featured CD rates. Standard CD rates aren’t worth your time—and even its featured CDs only flirt with the returns you’ll get from competitors.
The CDs available to you may vary by region. You can only apply for CDs in-branch. Fifth Third also issues 529 CDs (which last up to 144 months) and IRA CDs.
Fifth Third CD rates
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.
You can reach Fifth Third by phone at 800-972-3030 from Monday to Friday between 8 a.m. and 6 p.m. and on Saturday between 10 a.m. and 4 p.m. Eastern Time. You can also chat online 24/7 after logging into your account.
Is Fifth Third Bank secure?
Fifth Third takes several measures to keep your information safe, including 24/7 monitoring, identity alerts, Zelle fraud identification, various encryptions, a digital certificate, multi-factor identification, and more.
Fifth Third Bank user reviews
Financial institutions must be virtually sinless to avoid low online ratings. Customers tend to write reviews most often when they feel they’ve been wronged.
All things considered, Fifth Third shows a respectable 3.2 out of 5 stars on Trustpilot as of this writing. Positive reviews highlight knowledgeable and cordial customer service representatives almost exclusively, while the negative reviews lament features like bill pay, autopay, and account fees.
Beyond that, you can find positive reviews on forums like Reddit, as well. Users enjoy the available welcome bonus, decent APY, and overall reputable nature of the bank.
Compare Fifth Third Bank alternatives
Fifth Third Bank |  SoFi® Member FDIC |  |
|---|---|---|
| Top savings APY | Top savings APY | Top savings APY |
| 0.01% | Get up to 3.30%.1 Get a 0.70% Boost on Savings APY to up to 4.30% for up to 6 months on new accounts with eligible Direct Deposit. Terms apply.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?
Fifth Third Bank could be ideal for those who live near one of its branches and enjoy banking in person. You won’t get rich off of interest rates or receive many additional account benefits, but if you’re looking for a simple series of accounts that get the job done, Fifth Third might be right for you.
Frequently asked questions
Are there Fifth Third Bank branch locations near me?
Fifth Third operates in just 12 states: Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina. Tennessee, and West Virginia. Even if you live in one of these states, your specific zip code may not be eligible for a Fifth Third account.
What checking accounts does Fifth Third offer?
Fifth Third offers a free checking account, an interest-bearing option with enhanced benefits for balances over $100,000, an account with no overdraft fees, a military-centric account, an account for those with disabilities, and a youth/student-focused account.
Does Fifth Third have a savings account with good APY?
Fifth Third doesn’t have a savings account with competitive APY. Its accounts do earn interest, but returns are extremely low as of this writing.
Does Fifth Third have a sign-up bonus?
Fifth Third does offer a sign-up bonus for opening its Momentum Checking account as of this writing. Eligible customers can receive a $300 bonus after opening a new account by Jan. 7, 2026, and making direct deposits totaling $500+ within 90 days from account opening. Terms apply.
Is Fifth Third Bank FDIC-insured?
Yes, Fifth Third is FDIC-insured up to $250,000 per account owner per ownership category.
SoFi disclaimer
1:
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
2: 0.70% Savings APY Boost
Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Enroll in SoFi Plus between 9/18/25 and 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/sofi-plus SoFi Bank, N.A. Member FDIC.
