The required amounts to open Comenity Direct accounts are low. The Comenity Direct savings account requires $100 to open. Each of the CDs offered through Comenity Direct require $1,500 to open.

The interest rates for Comenity Direct accounts are competitive. Their rates are much higher than typical bank rates. They are competitive with other online accounts. To earn interest on CDs, you must keep $1,500 in the CD. The high-yield savings account only requires $1.00 to earn interest.

Comenity Direct accounts do not have monthly maintenance fees. There are not set account balances required to avoid the monthly fees. Their accounts are free. The CDs have a fee if you withdraw the money before the maturity date, but no monthly fee.

All Comenity Direct accounts can be opened online. You do not need to visit a branch location or mail in part of the application. The entire account opening process is online. You must be at least 18 years old and have a social security number. You must be a resident of the United States with an address. You cannot open an account with a P.O. Box.

Comenity Direct offers limited accounts. They offer a high-yield savings account and CDs. The CD terms range from one to five-years. There are no CD terms shorter than one year. Comenity Direct does not offer checking or money market accounts.

Comenity Direct accounts require a linked external account. You can link an account with your current bank. Once you link the two accounts, you can transfer money electronically. You can also have money directly deposited into your Comenity Direct account.

The Comenity Direct high-yield savings account does not offer checks or debit cards. Federal law allows for six withdrawals each billing statement from a savings account. Make withdrawals through electronic transfers into the linked external bank account.

Comenity Direct offers CD terms from one to five-years. The early withdrawal fees for these CDs are high compared to other online CDs. For terms from 12-months to three-years, the fee is 180 days of interest. For terms four-years or longer, the fee is 365 days of interest.

Read the full Comenity Direct review.

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.

Read the full Fifth Third review.