Rate Finder

Certificates of Deposit

Call Today 1-800-972-3030

Certificates of Deposit (CDs) are an excellent tool for managing your money when you are able to set aside funds for a period of time. With a CD, you typically receive higher interest rates than many other savings products and enjoy the security of FDIC Insurance. Fifth Third offers CDs with flexible terms and the option to choose from standard, promotional, 529, and IRA CDs–some with a minimum investment of just $500.

What are the benefits of CDs?

  • CDs typically pay higher interest rates than many other savings products1 View Rates
  • Continuous compounding means interest earned today earns interest tomorrow2
  • Interest can be credited to the CD or to a Fifth Third checking account or savings account2,3
  • Includes principal assurance in case you need access to your funds before maturity. Fifth Third will return your original deposit, less withdrawals, once a CD is seven days or more into its term.
  • FDIC insured up to the maximum amount permitted by law.
  • There is no charge to open a CD
  • A Fifth Third CD can be used as collateral for a Fifth Third loan4

Fifth Third CD Options

Types Minimum to Open Interest Rates Why Choose This Option
Promotional CD $5,000 View Rates Looking for flexible terms with attractive rates
Standard CD 7-89 Days CD $5,000 View Rates Minimum investment of just $500, terms as short as 90 days
90 Days-84 Months CD $500
529 CD* $500 View Rates Tax-free* savings for future education expenses

*Offered by the Ohio Tuition Trust Authority

Withdrawal Penalty

A penalty will apply if principal is withdrawn prior to the maturity date, based on the term of the CD.

CD Term Penalty for Early Withdrawal
7 Days - 364 Days 1% of principal withdrawn
365 Days - 36 Months 2% of principal withdrawn
36 Months or Greater 3% of principal withdrawn
The amount of the penalty shall not exceed interest earned, except for during the first 6 days of the term where a minimum 7 day interest penalty must be applied and may be deducted from principal. The entire penalty will be waived in the event of death, court ordered withdrawal, or court declared incompetency of an owner. Partial withdrawals are not allowed.


If you choose the automatic renewal feature for your Certificate of Deposit, there is a one-day grace period (for terms of less than 32 days) or a ten-day grace period (for terms of 32 days or more) after the maturity date to redeem it without penalty. Interest will not be paid after the maturity date unless the account is renewed. (Renewals not available for 529 CDs.)

If you do not choose the automatic renewal feature for your Certificate of Deposit, interest will not be paid after the maturity date unless the account is renewed.

If you would like additional information or current CD rates, call us toll free at 1-800-972-3030. To open a CD, visit a Fifth Third Banking Center near you.

Relationship Savings

A savings account where you're rewarded based on your Fifth Third checking relationship.

Cash Rewards MasterCard®

Earn 1% Cash Rewards on your purchases!


FDIC Deposit Insurance. Deposit balances are insured up to the maximum amount permitted by law. The standard insurance amount is $250,000 per depositor, for each deposit insurance ownership category. Please visit www.fdic.gov for more information about FDIC insurance coverage.

  1. Current interest rates and annual percentage yields are available at all Fifth Third Banking Centers. The interest rate will remain the same until the maturity date of the CD**. The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. Interest begins to accrue on the business day of deposit. Interest will be calculated using the daily balance method. This method applies a periodic rate to the balance in the account each day.
  2. For CDs issued in an amount less than $100,000, 529 Plan CDs and IRA CDs (regardless of issue amount), interest is compounded continuously. For CDs issued in an amount of $100,000 or more and with a term greater than one month, interest is compounded and credited monthly if "Capitalized" is selected as the interest payment method. For CDs with a term of one month or less, the simple interest method is used, interest is not compounded and interest is paid at maturity. For CD terms not ending in a complete monthly period, simple interest will be paid for the last period.
  3. Depending upon the account term and IRA federal guidelines, interest may be credited to the CD, credited to a Fifth Third checking or savings account, or received in the form of a check. If the interest payment method is by "Transfer", "Check" or "Capitalized", interest may be credited monthly (with a principal balance of $5,000 or more), quarterly, semi-annually, annually or at maturity (for CDs with a term of one year or less). Interest will not be paid after the maturity date unless the account is renewed. If the CD is closed before accrued interest is credited, interest will not be paid.
  4. All loans are subject to credit review and approval.

*Earnings on withdrawals not used for qualified higher education expenses may be subject to federal income tax and a 10% federal tax penalty. Tax benefits vary depending on state residency. Fifth Third does not provide tax advice. Please consult your tax advisor.

**For variable rate CDs, the interest rate and annual percentage yield may change.