Fifth Third Money Market Rates: What To Know Right Now
Written by
Rudri Bhatt Patel, CFHC™
Edited by
Joe Evans
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If you’re considering a Fifth Third money market account, the key question isn’t whether the bank is reputable — it’s whether the rates make sense for how you plan to use your cash.
Fifth Third’s money market offerings are designed primarily for existing customers who value branch access and relationship banking, not for savers chasing the highest yields available nationally.
Understanding that trade-off upfront can help you decide whether this account fits your goals.
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.
Current Fifth Third Money Market Account Options
Fifth Third primarily offers a Relationship Money Market account, with rates that vary based on balance tiers and qualifying account activity.
While relationship pricing can improve returns compared with basic savings accounts, current Fifth Third money market rates remain well below top-of-market money market yields, even at higher tiers.
To qualify for the best available rate at Fifth Third, customers typically need to meet:
- Minimum balance thresholds
- Ongoing relationship or activity requirements
- Tiered balance structures that cap yield improvements
This makes Fifth Third’s money market more suitable for short-term cash parking within an existing banking relationship rather than long-term yield optimization.
How Fifth Third Money Market Rates Compare
Fifth Third vs National Averages
Relative to national money market averages:
- Fifth Third’s base money market rate generally sits near or below average
- Relationship tiers can exceed the average modestly
- Rates do not approach national yield leaders
The gap becomes more meaningful as balances increase.
Fifth Third vs Top-Yielding Money Market Accounts
Compared with the strongest money market accounts available today:
- Fifth Third’s APYs lag by multiple percentage points
- Relationship tiers narrow the gap slightly but do not close it
- Opportunity cost compounds quickly on larger balances
On a $50,000 balance, the difference between Fifth Third’s rate and a top-tier money market account can translate into hundreds or even thousands of dollars per year in foregone interest.
Fifth Third Money Market vs Other Cash Options
Fifth Third vs High-Yield Money Market Accounts
High-yield money market accounts typically offer:
- Significantly higher APYs
- Fewer relationship requirements
- Fully digital access
Fifth Third trades yield for convenience and in-branch service.
Fifth Third vs High-Yield Savings Accounts
Many high-yield savings accounts currently offer equal or better rates than Fifth Third’s money market, often without tier complexity.
Fifth Third vs CDs
Certificates of deposit may pay higher rates, but require locking up funds. Fifth Third’s money market favors liquidity, even if it comes at the cost of yield.
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 accounts work best as relationship-based cash management tools, not as yield leaders.
They can be a reasonable option for customers who value branch access, integrated banking and short-term liquidity. However, for savers focused on maximizing interest — especially on larger balances — Fifth Third’s money market rates generally lag the most competitive options available today.
Choosing this account ultimately comes down to whether convenience or yield matters more for your cash.
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. 27, 2026.
