One of the banks was named Fifth National Bank, and the other was named Third National Bank. Rather than making a new name, the powers that be in both companies decided to merge the names as well. Now, Fifth Third Bank has a massive presence in about 20% of the country spanning from the Southeast into the easternmost sections of the Midwest.
Savings
Besides checking, savings, CDs and money market accounts, Fifth Third Bank can also be a resource for those looking to take out a loan or invest their hard-earned cash. Here are some additional products and services the bank offers. The original bank that would later grow into Fifth Third was The Bank of the Ohio Valley and was owned by William W. Scarborough. Today, the bank services regular consumers, business accounts, and commercial accounts with various checking and saving banking products.
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However, the bank is not affiliated with Allpoint ATMs in some regions, so customers do have to pay a fee. Fifth Third Bank has expressed a commitment to innovation and to improving the communities it operates in. During the financial crisis in the 2000s, Fifth Third Bank expanded operations while other banks were failing.
Fifth Third Bank Routing Number
Terms range from seven days to seven years, and rates vary by ZIP code. Also, you can only open a CD account by visiting a Fifth Third branch or calling the bank. Some CDs provide higher interest rates but require higher minimum deposits of $5,000. For example, the bank’s standard CD APY for term lengths three months and longer is 0.01%, with a minimum deposit of $500. But for Fifth Third’s 7- to 89-day CDs and the Fifth Third Bank Promo Certificates of Deposit, you’ll need to deposit at least $5,000, but you’ll typically get a higher APY.
Fifth Third Bank is a large regional bank that offers basic checking and savings accounts, loans, and investment accounts for individuals and businesses. The bank has a long history dating back to the 1800s, and it continues to open new branches as it expands the territories it serves. As a result, Fifth Third Bank has a nice blend of standard services and greater variety for customers. Fifth Third Bank has online banking and a mobile app that lets you manage your accounts on the go.
So, in the unlikely event that Fifth Third Bank goes belly up, you can rest assured that your deposits are protected. Be the first to comment about Fifth Third Bank Kings Drive branch… Florida is divided into four regions with four unique routing numbers. Kentucky and Michigan both have three separate routing numbers for three areas of the state. Ohio leads the pack with six different regions and six different routing numbers. North Carolina, Tennessee, Georgia, and Illinois have one routing number for all account holders in the state.
This Fifth Third Bank review focuses on its savings, checking and certificate of deposit (CD) accounts. All details and annual percentage yields (APYs) are current as of July 1, 2024. Askmoney.com is not an intermediary, broker/dealer, investment advisor, or exchange and does not provide investment advice or investment advisory services.
- For a more convenient in-branch experience, customers can schedule a dedicated appointment time in the department of their choice.
- For example, the bank’s standard CD APY for term lengths three months and longer is 0.01%, with a minimum deposit of $500.
- Fifth Third Bank is a large regional bank that offers basic checking and savings accounts, loans, and investment accounts for individuals and businesses.
- However, new app layout is clunky, not as easy to navigate, less informative, and overall just an eyesore.Why fix what wasn’t broken?
It was far superior in options, layout, accessibility and practically everything else to the Hot Mess that it is now. So it’s now harder to track individual payments if 2 or more checks happen to have the same amount. This is a problem.Login is buggy, but you must log in if you want to see your balance. However, new app layout is clunky, not as easy to navigate, less informative, and overall just an eyesore.Why fix what wasn’t broken? Fifth Third Bank can be an ideal banking home for people with various needs.
In addition to basic checking and savings accounts, the bank also offers credit cards, CDs, and money market accounts. Some banks require a minimum deposit amount to open an account. At Fifth Third Bank, a customer can open a basic checking account with $0, but they have to put money in the account no later than 45 days after opening it. Fifth Third Bank’s range of products, from checking accounts to mortgage loans and investment portfolios, cater to diverse financial needs. The bank also has a robust online platform and a mobile app for easy account management.
Plus, Fifth Third Bank’s customer service is available 24/7, so you can always get the help you need. However, like any bank, whether it’s a “good” bank for you depends largely on your personal needs and preferences. There are a variety of ways to qualify for a basic checking account with Fifth Third Bank.
You can check your account balances, view statements, transfer money, deposit checks, transfer money and more. Plus, if you ever need assistance, Fifth Third Bank provides a virtual assistant named Jeanie, who’s available 24/7 to answer your questions. The Fifth Third Money Market Account, which allows limited check writing and offers a low annual yield of 0.01% APY for all account balances. If you want to earn higher rates, consider other money market accounts; some offer APYs north of 5.00%. Fifth Third Momentum Checking is Fifth Third Bank’s most popular checking account.
To keep a checking account with Fifth Third Bank, customers must complete specific actions during each statement period. Active military personnel who receive at least $500 in direct deposits qualify. Employees qualify when they receive a $500 or more direct deposit through an employer’s Fifth Third banking benefits program. Anyone with an active loan or credit line from Fifth Third Bank can maintain a checking account.
Whether you’re looking to open a checking, savings, CD or money market account, the bank has options for you. Fifth Third Bank Kings Drive branch operates as a full service brick and mortar office. However, if you’re looking to maximize your savings, the Fifth Third Momentum Savings Account may not be the best option. The annual yield on this account is low—only 0.01% APY for all balances. Compared to high-yield savings accounts on the market that offer up to 5.00% APY or more, stashing your money away in this account provides much lower returns on your investment.
The bank also offers a variety of credit cards, credit lines, and loans. Customers who prefer discussing their finances in person can use the Fifth Third Bank’s branch locator to find the closest brick and mortar branch. For a more convenient in-branch experience, customers can schedule a dedicated appointment time in the department of their choice.