Certificates of Deposit

Give your savings an extra boost

A Certificate of Deposit (CD) account is a low risk, high-rate savings account option. With a fixed interest rate that is often higher than a traditional savings account and fixed term lengths, CDs are great for those who have funds they don’t need to access in the short term and are looking for a guaranteed return.

Long-term, CD interest rates beat traditional savings rates.

Interest rates are fixed for the entire CD term.

There’s no charge to open and no maintenance fees.

Your money is safe and protected by the FDIC.

Choose your CD account

Whether you’re saving for college tuition or your next big purchase, find a certificate of deposit account to help you meet your savings goals.

Promotional CD

Your choice if…

You want flexible terms and competitive rates.

Minimum deposit to open

$5,000

Term

Flexible

Interest rate

Early withdrawal penalty

  • 7-364 days: 1% of principal withdrawn
  • 365 days-36 months: 2% of principal withdrawn
  • 36 months or greater: 3% of principal withdrawn

The amount of penalty shall not exceed interest earned, except for during the first 6 days of the term where a minimum 7-day interest penalty must be applied and may be deducted from principal. The entire penalty will be waived in the event of death, court ordered withdrawal, or court declared incompetency of an owner. Partial withdrawals are not allowed.

Short-term Standard CD

Your choice if…

You’re looking to manage short-term savings goals.

Minimum deposit to open

$5,000

Term

7-89 days

Interest rate

Early withdrawal penalty

  • 7-364 days: 1% of principal withdrawn
  • 365 days-36 months: 2% of principal withdrawn
  • 36 months or greater: 3% of principal withdrawn

The amount of penalty shall not exceed interest earned, except for during the first 6 days of the term where a minimum 7-day interest penalty must be applied and may be deducted from principal. The entire penalty will be waived in the event of death, court ordered withdrawal, or court declared incompetency of an owner. Partial withdrawals are not allowed.

Long-term Standard CD

Your choice if…

You have a low minimum investment to start saving.

Minimum deposit to open

$500

Term

3-84 months

Interest rate

Early withdrawal penalty

  • 7-364 days: 1% of principal withdrawn
  • 365 days-36 months: 2% of principal withdrawn
  • 36 months or greater: 3% of principal withdrawn

The amount of penalty shall not exceed interest earned, except for during the first 6 days of the term where a minimum 7-day interest penalty must be applied and may be deducted from principal. The entire penalty will be waived in the event of death, court ordered withdrawal, or court declared incompetency of an owner. Partial withdrawals are not allowed.

529 CD*

Your choice if…

You're saving for future education expenses.

Minimum deposit to open

$500

Term

3-144 months

Interest rates

Early withdrawal penalty

CD calculators

Certificate of Deposit FAQ

Open our most popular savings account!

Start saving for your goals today with a Fifth Third Momentum® Savings Account.

Additional resources

Certificate of Deposit (CD) Maturity Calculator

The CD Maturity Calculator from Fifth Third Bank helps calculate the ending balance based on interest rates and terms.

High Yield Savings Account vs. CD Savings Calculator

Deciding between a high yield savings account or a CD? Use Fifth Third Bank’s High Yield Savings Account vs. CD Interest Calculator to learn more.

Using a CD for College Savings

Looking into ways to save for college? Here's what to know about certificates of deposit (CDs) for college savings.