Fifth Third Money Market Rates and Account Details for 2025

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If you’re considering a savings option with a regional bank, it’s worth looking at Fifth Third money market rates. Understanding the account’s features — including interest, fees and how it compares to others — can help you decide if it’s the right fit.

Fifth Third Money Market Rates for 2025

Fifth Third Bank offers a money market account — here are the details you should know:

The Fifth Third money market account comes with a $5 monthly fee. But the fee will be waived if you:

• Maintain an average monthly balance of at least $500
• Are under 18 years old
• Have a Fifth Third checking account, other than Express Banking
• Are enrolled in Fifth Third Military Banking

Other Savings Options With Fifth Third Bank

If a Fifth Third money market account isn’t right for you, consider the other savings options the bank offers.

Fifth Third Bank High-Yield Savings Account

Fifth Third Bank doesn’t offer a high-yield savings account. But it does offer the Fifth Third Momentum Savings account, which offers a relatively lackluster rate of APY.

The main feature of the Fifth Third Momentum Savings account is that the account offers Smart Savings. This feature automatically transfers small amounts of money from your checking account to your savings account. The tool is designed to boost your savings over time without putting too much of a pinch on your spending.

Fifth Third Bank CD Accounts

Fifth Third Bank CD rates are competitive through its promotional offers, which vary based on ZIP code.

Fifth Third Bank’s standard CDs offer a APY on CD terms ranging from seven days to 84 months.

Which Financial Institutions Have the Top Money Market Rates?

Many financial institution offers money market accounts. And many of those accounts offer higher rates than the Fifth Third Bank money market rates. 

Here’s a closer look at each option:

Ally Bank Money Market Account

Ally Bank’s money market account currently offers a APY. Without any monthly maintenance fees or minimum balance requirements to keep up with, Ally Bank’s money market account is a great option for many.

Sallie Mae Bank Money Market Account

Sallie Mae Bank’s money market account currently offers a APY. Interest is compounded daily and paid out monthly.

Savers with Sallie Mae Bank won’t encounter any minimum balance requirements or monthly maintenance fees. If you want to use the funds, you can make an electronic transfer or write a check.

Vio Bank Cornerstone Money Market Savings Account

Vio Bank’s Cornerstone money market savings account offers a whopping APY across all balances. You’ll need to make a minimum deposit of $100 to open the account. But you won’t encounter a monthly fee.

UFB Direct Portfolio Money Market Account

UFB Direct’s Portfolio money market account currently offers a APY on all balance tiers. If you maintain a minimum balance of $5,000, you’ll avoid the $10 monthly fee.

Like other FDIC-insured institutions, your funds are safe up to $250,000 per individual. But if you need more coverage, you can tap into up to $250 million of expanded protection with UFB Direct InsureGuard+ Savings through IntraFi Network Deposits.

EverBank Performance Money Market Account

EverBank’s Performance money market account currently offers a APY. Savers with this account won’t face any monthly maintenance fees. To access the funds, you can use a debit card, personal checks or electronic transfers.

How To Open a Fifth Third Money Market Account

Opening a Fifth Third money market account can be done in just a few steps:

1. Research your options: Visit the Fifth Third website or local branch to explore account options, fees and benefits.
2. Gather documents: Make sure you have your ID, Social Security number and proof of address.
3. Visit the branch or apply online: You can apply online or head to a branch to get in-person assistance.
4. Fund your account: Make the required minimum deposit to activate your account.
5. Set up account preferences: At this point, you can customize alerts and sign up for online banking and paperless statements.

Takeaway

Fifth Third money market rates are relatively lackluster. If you want to work with Fifth Third Bank, be prepared to give up on the possibility of competitive interest rates for these accounts.

Savers who want to get the most bang for their saved dollar should shop around to find a competitive APY with an account that won’t leech away your savings with fees.

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

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of June 13, 2025.

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.

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