What is the current Fifth Third Bank CD rate?

As of October 20, 2026 (Cincinnati, Ohio rates), Fifth Third's promotional CDs pay 3.00% APY for 3 months, 3.20% for 7 months, 3.40% for 13 months, and 3.50% for 24 months, each with a $5,000 minimum. Standard CDs pay 0.01% APY on every term from 7 days to 84 months. Rates vary by market, so check the rate for your ZIP code at 53.com before opening.

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

Fifth Third requires $500 to open a CD with a term of 3 months or more, and $5,000 for a 7-89 day CD or a promotional CD. This is lower than Wells Fargo's $2,500 standard-CD requirement but higher than online banks like Ally and Capital One, which have no minimum deposit.

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 no-penalty CD is a widely available alternative — confirm Ally's current term and rate before opening, as these change. 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

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

Fifth Third's penalty is a percentage of the principal withdrawn: 1% for terms of 7-364 days, 2% for 365 days to 36 months, and 3% for 36 months or more. The penalty cannot exceed the interest earned, except in the first 6 days of the term, when a minimum 7-day interest penalty applies and may come out of principal. Partial withdrawals are not allowed.

Fifth Third Bank’s standard CDs pay just 0.01% APY on every term. Its promotional CDs pay 3.00% to 3.50% APY on four terms (3, 7, 13, and 24 months) as of October 20, 2026, with a $5,000 minimum deposit. Fifth Third operates more than 1,500 branches following its 2026 merger with Comerica, 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 Fifth Third’s published rates for Cincinnati, Ohio (ZIP 45202) as of October 20, 2026. Fifth Third says rates vary by market, so check the rate for your ZIP code at 53.com before opening an account.

Fifth Third CD Rates (October 2026)

CD	Interest Rate	APY	Minimum Deposit
3-Month CD Promo	2.96%	3.00%	$5,000
7-Month CD Promo	3.15%	3.20%	$5,000
13-Month CD Promo	3.34%	3.40%	$5,000
24-Month CD Promo	3.44%	3.50%	$5,000
Standard CDs (7 days to 84 months, all balance tiers)	0.01%	0.01%	$500 (3 months+); $5,000 (7-89 days)

Source: Fifth Third CD interest rates, APY accurate as of 10/20/2026, for the Cincinnati affiliate. Fifth Third notes that some affiliates may require additional products or services to get the promotional rate. Promotional CDs are opened in a branch.

Fifth Third publishes rates by ZIP code, and promotional offers change. Confirm current rates at 53.com or by calling 1-800-972-3030 before opening a CD.

How Much Can You Earn?

On a $10,000 deposit in the 13-month CD Promo at 3.40% APY:

After 13 months: ~$10,369 (~$369 in interest)

In a 12-month standard CD at 0.01% APY:

After 12 months: ~$10,001 ($1 in interest)

Opening a standard CD instead of a promotional one gives up almost all of the interest. Confirm the rate offered for your ZIP code before calculating expected earnings.

Early Withdrawal Penalties

Term	Penalty
7-364 days	1% of principal withdrawn
365 days-36 months	2% of principal withdrawn
36 months or more	3% of principal withdrawn

The penalty cannot exceed the interest earned, except during the first 6 days of the term, when a minimum 7-day interest penalty applies and may be taken from principal. Partial withdrawals are not allowed. On a $10,000 24-month CD Promo, the 2% penalty could cost up to $200, limited to the interest earned so far. Confirm your CD’s penalty terms at account opening.

Fifth Third vs. Online Banks

	Fifth Third (Featured)	Fifth Third (Standard)	Online Bank Average
13-month / 12-month APY	3.40% (13-month promo)*	0.01%*	~3.5–4.0%*
Minimum deposit	$5,000	$500	$0–$500
Promotion required	Yes	No	No
In-person branches	Yes (expanded footprint post-Comerica merger)	Yes	No
No-penalty option	No	No	Sometimes

*Fifth Third rates as of October 20, 2026 (Cincinnati); the online-bank range is not re-checked in this update. Confirm current rates before opening, as CD rates change frequently across the industry.

The verdict: Fifth Third CDs make sense when a featured promotion is running and you’re already a Fifth Third customer. For anyone without an existing relationship or whose priority is rate, online banks are worth comparing on both yield and accessibility — confirm current rates at each bank before deciding.

CD Renewal at Fifth Third

Fifth Third CDs automatically renew at maturity into the same term, typically at the standard (non-promotional) rate. Confirm the current grace period and renewal terms with Fifth Third directly, since these can change. Featured-CD customers should be especially attentive at renewal, since the standard renewal rate is typically lower than a promotional rate. Contact Fifth Third or check 53.com before any 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 within Fifth Third’s expanding branch network (Midwest, Southeast, and — following the 2026 Comerica merger — additional markets including parts of Texas, Arizona, and California)
Anyone catching a Fifth Third featured/promotional CD at competitive timing

Consider alternatives if:

You need a term without a promotional rate (standard CDs pay 0.01% APY)
You want no minimum deposit (Ally, Capital One 360 — confirm current minimums)
You want penalty-free access before maturity (an online bank’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