Savings Accounts
Saving money can be difficult. We make it 166.7% simpler with straightforward accounts, helpful tools and knowledgeable bankers that let you dream bigger and better.
Account for your future
You deserve an account that lets you save smarter, and that’s where we come in.
Our Fifth Third Momentum® Savings Account helps you save small amounts of money automatically each month. With a Fifth Third Relationship Money Market Account, you can put your larger balances to work by earning our highest rates.
If need a more specialized savings account, we have options for you, too! Check out those account details under the chart below.
Compare savings accounts
A good option if...
You want a goal-oriented savings account that helps you achieve financial goals.
Interest rates
Earns at a steady rate of .01%.1
Automatic transfers
Yes
Free Overdraft Protection if linked to a Fifth Third Momentum® Checking Account
Yes
Skip the monthly service fee if you meet one of these requirements…
- You have a Fifth Third checking account (not including Fifth Third Express Banking).
- You maintain an average monthly balance of $500 or more.
- Someone under age 18 is an owner of the account.
- You are enrolled in Fifth Third Military Banking.
Otherwise, it's $5/month.
A good option if...
You have larger balances and want to earn up to our highest rates.
Automatic transfers
Yes
Free Overdraft Protection if linked to a Fifth Third Momentum® Checking Account
Yes
Skip the monthly service fee if you meet one of these requirements…
- You have a Fifth Third checking account (not including Fifth Third Express Banking).
- You maintain an average monthly balance of $500 or more.
- Someone under age 18 is an owner of the account.
- You are enrolled in Fifth Third Military Banking.
Otherwise, it's $5/month.
Specialty savings accounts
Certificate of Deposit
A Certificate of Deposit (CD) account is a low risk, high-rate savings account option with fixed rates and term lengths.6
- An excellent way to help your funds grow if you are able to set a certain amount aside for a period of time.
- Available with a variety of terms to meet your needs, with the option to choose from standard, promotional, 529 and IRA CDs.
529 Savings Accounts
Our 529 Savings Accounts offer multiple tax advantages and help ease the burden of paying for higher education.
- 25 minimum to open a 529 Savings Account
- Use the compounding power of tax-free growth to save even more2
Kids Savings Account
Give kids a kick-start on their financial journey with Fifth Third Momentum® Savings Account.
- No monthly service charge for any Fifth Third Savings Account if you or someone under age 18 is an owner on the account
- You can use this account to teach your kids about money, savings and good financial habits
Health Savings Account4,5
A Health Savings Accounts (HSA) lets you set aside pre-tax money for qualified medical expenses and are available to those with a qualifying high-deductible health plan.
- Use an HSA to pay for qualified deductibles and copayments
- Avoid paying taxes on the money you’ve saved for healthcare expenses
Savings calculators
Our Inflation Calculator determines the future value of your savings account as inflation rises.
Our Personal Savings Calculator will help you determine how long it will take to reach your financial goals.
Break down monthly expenses and discover how much you're really spending every month.
Decide if receiving a lump sum of money is more beneficial than an annuity.
Savings Account FAQ
Additional resources
Questions to Ask When Opening a Savings Account
From what to look for in a savings account to asking the right questions.
The Benefits of a Savings Account
How to automatically increase your nest egg with a savings account.
How Many Savings Accounts Should I Have?
How many savings accounts should I have? Multiple savings accounts can help you reach financial goals, manage finances, and build up savings.