If you’re checking Fifth Third Bank’s money market rates to decide where to park extra cash, here’s the bottom line: Fifth Third’s Relationship Money Market account currently pays a very low APY — essentially on par with a standard checking or savings product — and isn’t competitive with the highest-paying money market accounts available today.
This account is built around relationship convenience, branch access and simple transfers, rather than delivering top-tier yield. If your main goal is to grow your savings with strong interest, there are far higher-paying options elsewhere in the market.
Fifth Third Money Market — At a Glance
Feature Details Account name Fifth Third Relationship Money Market Current APY around 0.01% APY on all balances (no tiered bump) Minimum to open $0 required Monthly fee $5 (waivable) How to waive fee Have a Fifth Third checking account; maintain $500+ average balance; age <18; or be enrolled in Military Banking FDIC insurance Up to $250,000 per depositor, per ownership category Quick Takeaway: The Relationship Money Market account pays about the same APY whether your balance is $1 or $250,000, making it essentially a convenience vehicle, not a yield-oriented one.
How Fifth Third Money Market Works
Fifth Third’s Relationship Money Market is intended for customers who already bank with Fifth Third and want:
- Easy access to cash through transfers between linked accounts
- Branch, phone and mobile options for managing funds
- FDIC-insured protection (up to regulatory limits)
There are no balance tiers that meaningfully raise the APY — all balances earn roughly 0.01% APY today, even at high balances. The $5 monthly fee can be waived through common relationship criteria, but in practice, this account performs much like a basic savings account from a rate perspective.
How Fifth Third Money Market Rates Compare
Fifth Third vs National Averages
According to the FDIC’s most recent deposit rate data, the national average money market account APY sits well below top-tier online rates but above Fifth Third’s offering. National averages can shift, but they remain broadly higher than 0.01% APY.
Fifth Third vs High-Yield Money Markets
The best national money market accounts today — with APYs in the high-3% to around 4% range — pay hundreds of times more than Fifth Third’s standard 0.01% APY. Even for balances under six figures, this difference can amount to hundreds or thousands of dollars in interest annually.
Example:A $50,000 balance at 0.01% APY earns about $5 per year, while a high-yield money market at about 4% could earn roughly $2,000 per year on the same balance.
Account Features & Fees
Monthly service fee: $5Fee waiver options:
- Linked Fifth Third checking account
- Average monthly balance of $500 or more
- Owner under age 18
- Fifth Third Military Banking enrollment
There are no minimum balance requirements to open the account, and Fifth Third’s mobile and online tools support transfers, mobile deposits and alerts.
Who Fifth Third Money Market Accounts Are Best For
Best Fit
- Existing Fifth Third customers who want all accounts under one roof
- Savers who prioritize branch access and in-person support
- Short-term cash balances where yield is not the primary goal
Less Ideal
- Rate-focused savers comparing national money market leaders
- Large idle balances where opportunity cost is meaningful
- Digital-first users comfortable managing accounts online
Final Take to GO: Are Fifth Third Money Market Rates Worth It?
Fifth Third’s Relationship Money Market is primarily a convenience account. It lets you keep cash accessible within a familiar banking environment. However, the yield is extremely low compared with competitive money market accounts that pay multiple percentage points more.
If your goal is to maximize interest on savings, it’s generally worth pairing your Fifth Third checking with a higher-yield money market or savings account elsewhere and using Fifth Third for everyday cash flow.
Fifth Third Money Market FAQ
- What APY does Fifth Third’s money market account pay?
- As of today’s snapshot, the Relationship Money Market pays about 0.01% APY on all balances.
- Is there a minimum deposit to open the account?
- No minimum opening deposit is required.
- Does this account have monthly fees?
- Yes, a $5 monthly service fee, which can be waived through standard relationship criteria.
- Is Fifth Third’s money market still worth it?
- This account is worth considering only for convenience, branch access and customer relationships — not for yield. Compared with higher-paying money market accounts, its APY is extremely low.
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 Feb. 3, 2026.