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  Fifth Third Bank High Interest Relationship Savings Account

Fifth Third Bank High Interest Relationship Savings Account

in Savings Accounts from Fifth Third Bank · fdic

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Fifth Third Bank High Interest Relationship Savings Account

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in Savings Accounts from Fifth Third Bank · Member FDIC

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Highlights
Monthly Fee $0 - $5
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance N/A

Fifth Third Bank High Interest Relationship Savings Account Review

Fifth Third Bank High Interest Relationship Savings Account is offered by Fifth Third Bank, a bank founded in 1858 and based in Cincinnati, OH. Fifth Third Bank High Interest Relationship Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Fifth Third Bank High Interest Relationship Savings Account has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly Service Charge available. 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 ATM fees. Fifth Third Bank High Interest Relationship Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Fifth Third Bank.
Fifth Third savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not come with a debit card
  • Higher than average wire transfer fees.
  • Monthly service charge.
Fifth Third savings account FAQ

Are savings accounts from Fifth Third Bank federally insured?

Yes, your Fifth Third Bank savings accounts 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.

Does Fifth Third Bank offer a signup bonus?

Fifth Third savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Fifth Third savings account?

Fifth Third Bank High Interest Relationship Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $500

What APY does Fifth Third Bank offer?

Fifth Third savings account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Fifth Third savings account charge?

Fifth Third savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $500.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Outgoing international bank transfers come with a $85 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.

What features and perks does Fifth Third savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Fifth Third savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Fifth Third savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Fifth Third savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Fifth Third savings account?

The customer support email for Fifth Third savings account is info@53.com.

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $500
International ATM Surcharge $5
Monthly Fee $0 - $5
Returned Deposit Fee (Domestic) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Outgoing) $85
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
APY (Annual Percentage Yield) 0.05%

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