What is the current Fifth Third Bank CD rate?

As of June 2026, Fifth Third Bank standard CD rates range from approximately 1.00% to 2.50% APY. When promotional Promotional CDs are available — which Fifth Third calls 'Promotional Rate CDs' — rates can reach 3.75–4.25% APY on select terms. Promotional availability varies by region and changes frequently. Check 53.com or visit a branch to see what's currently available.

What is the minimum deposit for a Fifth Third Bank CD?

Fifth Third Bank requires a minimum deposit of $500 for most standard CDs. Some promotional CDs may have higher minimums. This is lower than Wells Fargo's $2,500 requirement but higher than online banks like Ally and Capital One, which have no minimum deposit.

What is the early withdrawal penalty on Fifth Third Bank CDs?

Fifth Third Bank's early withdrawal penalty depends on the term: CDs with terms under 12 months forfeit 90 days of interest; 12-month CDs forfeit 180 days of interest; and CDs longer than 12 months forfeit up to 365 days of interest. These are among the steeper penalties in the industry for longer terms. Breaking a long-term Fifth Third CD early can result in a significant loss of earned interest.

Does Fifth Third offer a no-penalty CD?

Fifth Third Bank does not currently offer a no-penalty CD. If you need the option to access funds before maturity without a fee, Ally Bank's 11-month No-Penalty CD is a widely available alternative. For a traditional bank with branch access and no-penalty features, options are limited — most no-penalty CDs come from online banks.

Fifth Third Bank CD Rates 2026 — Terms, APYs, and How They Compare

Fifth Third Bank CD rates range from approximately 1.00% to 4.25% APY in June 2026, with the best rates available only through periodic Promotional Rate CDs on select terms. Fifth Third operates over 1,000 branches across 11 states in the Midwest and Southeast, making it a convenient choice for existing customers — but its standard CD rates fall well short of what online banks consistently offer.

Rates shown are as of June 2026 and change frequently. Verify current rates at 53.com or at a local Fifth Third branch before opening an account. Promotional rates are not always available.

Fifth Third CD Rates by Term (June 2026)

Term	Standard APY	Promotional APY (when available)
3 months	1.00–1.50%	3.50–3.75%
6 months	1.25–1.75%	3.75–4.00%
12 months	1.50–2.00%	4.00–4.25%
18 months	1.50–2.00%	3.75–4.00%
2 years	1.50–2.00%	3.50–3.75%
3 years	1.25–1.75%	3.25–3.50%
5 years	1.00–1.50%	3.00–3.25%

Promotional Rate CDs require a new deposit of funds not currently held at Fifth Third. They are offered on a rotating basis and are not always available. Ask a branch representative or check 53.com directly.

How Much Can You Earn?

On a $10,000 deposit at Fifth Third’s approximate promotional 12-month rate of 4.13% APY:

After 12 months: ~$10,413 ($413 in interest)

At Fifth Third’s standard 12-month rate of 1.75% APY:

After 12 months: ~$10,176 ($176 in interest)

The gap between promotional and standard rates on $10,000 over one year is approximately $237 — a significant difference worth checking before you open.

Early Withdrawal Penalties

Term	Penalty
Less than 12 months	90 days of interest
12 months	180 days of interest
More than 12 months	Up to 365 days of interest

Fifth Third’s penalties for CDs longer than 12 months are steep — up to a full year of interest forfeited on early withdrawal. On a 3-year CD earning 3.38% APY with $10,000, an early exit could cost up to $338. Do not open a long-term Fifth Third CD unless you are confident you won’t need the funds before maturity.

Fifth Third vs. Online Banks

	Fifth Third (Promotional)	Fifth Third (Standard)	Ally Bank	Online Bank Average
Best 12-month APY	~4.13%	~1.75%	~4.50%	~4.25–4.50%
Minimum deposit	$500	$500	$0	$0–$500
Promotion required	Yes	No	No	No
In-person branches	Yes (11 states)	Yes	No	No
No-penalty option	No	No	Yes	Sometimes

The verdict: Fifth Third CDs make sense when a promotion is running and you’re already a Fifth Third customer. For anyone without an existing relationship or whose priority is rate, online banks win on both yield and accessibility.

CD Renewal at Fifth Third

Fifth Third CDs automatically renew at maturity into the same term at the standard rate — not at a promotional rate. The grace period is 10 calendar days after maturity. Promotional CD customers should be especially attentive at renewal, since the standard renewal rate may be significantly lower than what you were earning. Contact Fifth Third or check 53.com before the grace period ends.

Who Should Open a Fifth Third CD?

Best for:

Existing Fifth Third customers who want to park savings at the same institution
Savers in Fifth Third’s branch network (Ohio, Michigan, Indiana, Kentucky, Illinois, Tennessee, North Carolina, Georgia, Florida, West Virginia, Pennsylvania)
Anyone catching a Fifth Third promotional CD at competitive timing

Consider alternatives if:

No promotional rate is currently available (standard rates are significantly below online bank averages)
You want no minimum deposit (Ally, Capital One 360)
You want penalty-free access before maturity (Ally’s no-penalty CD)

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy