Fifth Third Money Market Rates: What To Know Right Now
Written by
Rudri Bhatt Patel, CFHC™
Edited by
Joe Evans
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
If you’re reviewing Fifth Third money market rates today, the key question is whether the account is meant to grow your cash or simply hold it conveniently. Right now, Fifth Third’s standard money market rate remains extremely low, placing it far behind both national averages and the strongest money market accounts available.
That positions Fifth Third’s money market as a relationship and access product, not a yield-focused one.
Fifth Third Money Market — At a Glance
Account Typical APY* Balance Needed Use Case Why It Stands Out Fifth Third Relationship Money Market about .01% $0 Basic cash storage Easy access for existing customers National MMA Average Under 1% N/A Benchmark Shows market baseline Top Market Rates about 4%+ Varies Yield-focused savers Significantly higher earning potential Quick Takeaway: Fifth Third’s money market account prioritizes convenience and branch access, not competitive interest rates.
*APY varies by region and relationship status. Confirm current terms directly with Fifth Third before opening.
Fifth Third Relationship Money Market Rates
Fifth Third currently offers one primary personal money market option: the Relationship Money Market.
Core Features:
- APY typically sits around .01%
- No minimum opening deposit
- Monthly maintenance fee may apply unless waived
- FDIC-insured up to applicable limits
What This Means In Practice:At today’s rate levels, this account functions almost entirely as a non-earning cash buffer. A $25,000 balance earns roughly $2.50 per year, which highlights the opportunity cost of keeping meaningful cash here long-term.
Fifth Third Money Market Rates by Account Type
Fifth Third offers money market accounts that look similar on the surface, but all versions share one common trait: low interest rates.
Fifth Third Relationship Money Market
This is the standard money market account available to most customers.
- APY: Typically around .01%
- Minimum balance: Low
- Monthly fee: May apply unless waived by balance or account activity
At this rate, growth is negligible. A $25,000 balance earning 0.01% APY generates roughly $2.50 per year before taxes.
Fifth Third Preferred Relationship Money Market
Some customers may qualify for slightly higher rates through preferred or relationship tiers.
- APY: Marginally higher than the base account
- Requirements: Higher balances and qualifying relationships
- Yield impact: Limited improvement compared with standard rates
Even with preferred status, Fifth Third’s money market rates remain well below broader market leaders.
Fifth Third Money Market vs Other Cash Options
Fifth Third’s money market account is often compared to other low-risk options.
Vs High-Yield Savings:High-yield savings accounts typically pay several percentage points more with similar access via transfers.
Vs CDs:Certificates of deposit can offer higher returns, but lock up funds. Fifth Third’s money market prioritizes access over earnings.
Vs Treasury Bills:Treasury bills may be competitive but require brokerage access and reinvestment planning.
How Fifth Third Money Market Rates Compare
Fifth Third vs National Money Market Averages
Based on federal banking data, the national average money market rate remains under 1%.
- Fifth Third’s Relationship Money Market generally sits below the national average
- Even at higher balances, rates do not materially improve
Fifth Third vs High-Yield Money Market Accounts
High-yield money market accounts offered by other institutions frequently pay multiple percentage points more.
For example:
- A $50,000 balance earning a minimal APY generates only a few dollars per year
- That same balance at higher market-leading rates can earn thousands annually
This gap highlights why Fifth Third’s money market account is best viewed as a convenience tool, not a growth vehicle.
Who Fifth Third Money Market Accounts Are Best For
Saver Type Fit Why Existing Fifth Third customers Good Simple internal transfers Branch-first savers Good In-person access and support Small short-term balances Moderate Convenience over yield Rate-focused savers Poor Significantly higher APYs elsewhere Large idle balances Poor Opportunity cost grows rapidly Digital-first users Poor Online-only accounts pay more
Final Take to GO: Are Fifth Third Money Market Rates Worth It?
Fifth Third money market rates are best viewed as a convenience feature, not a savings strategy. If you already bank with Fifth Third and want a place to hold cash temporarily, the account works as designed.
If your goal is to earn meaningful interest, however, Fifth Third’s money market account falls well short of current market standards. Even modest balances can generate hundreds or thousands more per year elsewhere without sacrificing safety.
Fifth Third Money Market Rates FAQ
- Is Fifth Third Bank FDIC-insured?
- Yes. Deposits at Fifth Third Bank are FDIC-insured up to applicable limits.
- What is the current Fifth Third money market APY?
- The Relationship Money Market typically pays around 0.01% APY.
- Does Fifth Third require a minimum balance?
- There is no minimum opening deposit, though fees may apply if waiver requirements are not met.
- Are Fifth Third money market rates variable?
- Yes. Money market rates can change at any time.
- Who should consider alternatives?
- Savers focused on maximizing APY or managing large balances may benefit from higher-yield money market accounts.
More on Fifth Third Bank
- Fifth Third Bank Review
- Fifth Third Bank Routing Number
- Fifth Third Bank CD Rates
- Fifth Third Bank Promotions and Offers
- Fifth Third Bank Fees
Methodology: GOBankingRates analyzes deposit rates from banks and credit unions with nationwide availability. The best rates are identified from this group by focusing on APY. Institutions listed in the daily chart are insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
Financial institutions may require certain eligibility criteria — such as membership, existing accounts or location-based restrictions — to open an account or qualify for the listed rates. Always verify account terms, conditions and regional availability with the institution before applying.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Jan. 15, 2026.
