Fifth Third Bank Money Market Account

Fifth Third Bank Money Market Account Review

Fifth Third Bank Money Market Account is offered by Fifth Third Bank, a bank founded in 1858 and based in Cincinnati, OH. Fifth Third money market are available in 10 states across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.1%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $0.01.
• Charges a monthly fee. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $500.
• No minimum initial deposit. There is no minimum balance required to open an account.

Pros & Cons of Fifth Third Bank Money Market Account

Fifth Third Bank Money Market Account FAQ

Are money market accounts from Fifth Third Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Fifth Third money market rates?

Fifth Third money market offers an APY starting at 0.01% and ranging up to 0.1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

What are the fees for Fifth Third Bank Money Market Account?

What is the minimum balance for Fifth Third money market?

No minimum initial deposit. Fifth Third Bank does not require a minimum initial deposit to open an account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Fifth Third money market offer?

This account includes the following features:

• Check Writing - Fifth Third money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - Fifth Third Bank monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this account is (866) 671-5353.

What is the support contact email?

The support contact email for this business credit card is info@53.com.

How to open an account with Fifth Third Bank

• Visit the Fifth Third Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.