-
Financial Rates:
1.0
-
Customer Service:
3.5
-
Website Experience:
2.5
-
Bank Fees:
3.0
Pros:
- Reimbursement of ATM fees
- Competitive interest rates on accounts
- Interest rates are not tiered
- Free first order of checks with checking
Cons:
- Not a wide variety of accounts
- High opening required amounts
- Accounts have monthly fees
- Not all CDs offer competitive rates
-
Financial Rates:
3.0
-
Customer Service:
5.0
-
Website Experience:
5.0
-
Bank Fees:
3.0
Pros:
- Student checking account
- No required amount to open accounts
- Interest bonus when savings goals met
- Business accounts available
Cons:
- Accounts have a monthly fee
- Hard to waive checking account fees
- Accounts not offered everywhere
- Low-interest rates
You can withdraw money from any ATMs with the specific “Plus” logo. If you withdraw money from another ATM, you are reimbursed for the fees charged. CalFirst will reimburse up to $6.00 each statement cycle in ATM fees.
Most CalFirst accounts offer competitive interest rates. The interest rates are not tiered, so you earn the highest rates offered on any balance in the account. Interest is paid monthly on the actual daily balance.
The interest rates for CalFirst accounts are not tiered. Any amount you have in their accounts earns the competitive interest rates. You do not have to have a certain amount in the account to earn the most competitive rates.
The first order of checks is free when you open an interest checking account. You get an ATM card when you open an interest checking account. Free online bill pay comes with each CalFirst checking account opened.
CalFirst does not have a wide variety of accounts. No business accounts are available, only personal deposit accounts. One money market account and savings account are available. There is an interest checking and one regular checking account. CalFirst only offers five different CD terms.
CalFirst accounts have high opening amounts. The money market account and CDs require $5,000 to open. The interest checking account requires $2,500 to open. The savings account and regular checking account both require $1,000 to open.
The accounts at CalFirst all have a monthly fee. The fees range from $10 to $20 a month, depending on the account you open. Waive the fee by keeping a set amount in CalFirst accounts. You can also have a combined balance between a variety of CalFirst accounts.
Not all the CD terms offer competitive rates. The most competitive rates are the three-month, six-month, and the one-year terms. The two-year and three-year terms have interest rates much lower than the other terms. Regular CDs require $5,000 to open. The IRA CDs require $2,000 to open. The only fees are if you withdraw the money before the maturity date.
The Fifth Third Student Banking account does not have a monthly fee if the student is 16 years or older. There is no amount required to keep in the account. Five ATM transactions at non-Fifth Third ATMs are free each month.
There is not a set amount required to open a Fifth Third checking account or savings account.
The Fifth Third Goal Setter Savings account offers a one-time interest bonus when you reach your savings goal. The amount you receive is equal to the amount of interest you have earned while the account is open. The account must be open for at least 185 days. The savings goals can range from $500 to $25,000. Interest is only paid on balances under $50,000.
Fifth Third offers a variety of accounts for small or commercial businesses. Various checking accounts are available. These accounts vary to fit how much money your business deals with monthly. Savings accounts, CDs, loans, and credit cards are also available.
Most all Fifth Third accounts have a monthly maintenance fee. The savings accounts have a fee of $5 per month. The checking account fees range from $8 to $25 each month depending on the account. There are ways to have the fees waived, but those vary by account.
Not only do Fifth Third checking accounts have fees, but the requirements to waive the fee are tough. Having a direct deposit into the account lowers the fee but does not waive it. You must have at least $1,500 to $100,000 in Fifth Third accounts depending on the account. Spending $500 on a Fifth Third credit card waives the fees. Having a mortgage, loan, or line of credit with a balance also waives the fee.
Accounts are not offered everywhere. Fifth Third currently offers accounts in ten states. If you do not live in one of those ten states, you are not eligible to open a deposit account with Fifth Third.
The interest rates on accounts are low. Fifth Third rates are typical of other banks. They are not competitive with online-only bank accounts. The more money you invest, the better interest rates you will earn.
Sponsored Offers
| Savings (Rate as of 4/26/2024) | |
| APY | 4.25% |
|---|---|
| Rate | 4.16% |
| For APY | $1 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC | |
| Savings (Rate as of 4/26/2024) | |
| APY | 5.25% |
|---|---|
| Rate | 5.25% |
| For APY | $0 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC. No fees. Easy deposits and quick withdrawals. | |
| Savings (Rate as of 4/26/2024) | |
| APY | 5.15% |
|---|---|
| Rate | 5.02% |
| For APY | $0 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC | |
| Savings (Rate as of 4/26/2024) | |
| APY | 5.00% |
|---|---|
| Rate | 5.00% |
| For APY | $100 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC Plus, no monthly fees and unlimited free external transfers | |
| Savings (Rate as of 4/26/2024) | |
| APY | 5.05% |
|---|---|
| Rate | 4.93% |
| For APY | $5,000 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC CIT Bank, a division of First Citizens, 125+ years of experience. | |
| Savings (Rate as of 4/26/2024) | |
| APY | 4.35% |
|---|---|
| Rate | 4.35% |
| For APY | $0 |
| Monthly Fee | $0.00 |
| Checkbook | No |
| Member FDIC | |
The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guarantee the accuracy or availability of any rates shown. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own website where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
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1 APY stands for Annual Percent Yield. It's different from Rate because it takes into account compounding interest for the year.
2 MMA stands for Money Market Account. It's a savings and checking hybrid, allowing you to earn interest and use checks 6 times a month.