Upon the CD’s maturity, you’ll have a short grace period - one day for certificates with terms of 32 days or fewer and 10 days for all other terms - during which you can withdraw your money without penalty before it automatically renews. In contrast, Fifth Third’s standard CDs offer an abysmal 0.01% annual percentage yield (APY) no matter the term you choose and also require a $5,000 minimum deposit for standard CDs with terms from seven to 89 days and $500 for standard CDs with terms from three to 84 months. They require a $5,000 minimum opening deposit, but all CD yields are compounded continuously and credited to your account monthly.

The three promotional certificates have yields competitive with the best CD rates available: The five-, seven- and 12-month terms offer 4.80%, 5.00% and 4.70% respectively. If you live in the regional bank’s service area - Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee or West Virginia - you can choose from a huge range of CD term lengths at Fifth Third, but only the promotional CDs are worth your time. 8, 2023, and were found using the ZIP code 60007. You’ll need a relatively high minimum deposit of $5,000 to open one and you must live in the bank’s service area.ĭespite being the 16th-largest bank in the country in terms of assets, Fifth Third Bank serves only 11 states, focusing on the South and the Midwest.Īccount details and rates are accurate as of Dec. Fifth Third Bank offers CD terms that range from seven days to seven years, but only the three Fifth Third Bank featured certificates of deposit offer competitive yields, up to 5.00%.

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