Latest news with #FifthThirdBank
Yahoo
02-07-2025
- Business
- Yahoo
Fifth Third Bank review (2025): A regional bank with extensive checking account options
Summary: Fifth Third Bank has a lengthy history that dates back to the founding of the Bank of the Ohio Valley in 1858. Following mergers and acquisitions, the bank became Fifth Third National Bank around the turn of the century. The bank's headquarters are in Cincinnati, Ohio, and it operates over 1,100 branches in 10 states. Fifth Third ranked among our top 10 best national and super regional banks of 2025. Momentum Checking: This checking account has no monthly fees and doesn't require a minimum opening deposit. It also has no minimum balance, and you won't be charged a fee if your balance falls below a certain amount. It provides access to over 2,400 fee-free ATMs and more than 1,100 branch locations across 10 states. It also includes access to a nationwide network of partner ATMs. Preferred Checking: With the Preferred Checking account, you gain access to certain perks, such as unlimited check writing, better loan rates, and complimentary Fifth Third Identity Alert. There is a $25 monthly fee, which can be waived if you achieve a combined total balance of at least $100,000 across your deposit and investment accounts one time per month. Student Checking: This account is available to kids or students age 13 and up. There is no minimum opening deposit or minimum balance required. Military Checking: Military families (including active duty, retired, reserve/guard, and veterans) receive special benefits with checking accounts, such as special VA home loan rates, 10 free non-Fifth Third ATM transactions per month, and more. There is no monthly service charge when you open a Fifth Third Momentum Checking account, or a $5 discount on the monthly service charge if you open a Fifth Third Preferred Checking account. Express Banking: This account provides the advantages of a secure, easy-to-access bank account, with built-in safeguards to help you manage your money better. Though it has a $5 monthly fee, there is no balance requirement. This account also does not charge overdraft fees. Account holders also get benefits such as early direct deposit, 24/7 mobile and online banking, and credit-building tools. ABLE Checking: This account allows individuals with disabilities and their families to save for future qualified expenses without losing access to federal benefits. It's available through participating state plans. There is a $2 monthly service fee, which can be waived if you have an average monthly balance of $250 or more during your statement cycle, or if you sign up for paperless statements. The Momentum Savings account is a basic savings account that can be paired with the Momentum Checking account. It earns very little interest with a 0.01% APY, and a $5 monthly fee applies if you don't maintain a $500 minimum balance. On the plus side, there is no minimum opening balance, and overdraft protection is fee-free with a linked Momentum Checking account. With the Relationship Money Market account, your standard savings account is elevated to a high-interest savings account. There is a $5 monthly service fee, which can be waived if you meet one of the following requirements: You have a Fifth Third checking account (not including Fifth Third Express Banking). You maintain an average monthly balance of $500 or more. Someone under age 18 is an owner of the account. You are enrolled in Fifth Third Military Banking. Fifth Third offers various CD terms. Promotional CDs range from three to 24 months, while standard CDs range from seven days to 84 months. While the standard CDs offer more term choices, they all have an APY of 0.01%. Promotional CDs offer competitive interest rates, with the top rate exceeding 4%. However, the promotional rates require a $5,000 minimum deposit, while the standard CDs only require a $500 deposit. In addition to monthly fees associated with certain accounts, Fifth Third Bank charges fees for specific transactions or services. Here are some of the pros and cons to consider before opening an account with Fifth Third. Pros Fee-free checking account: The Momentum Checking account has no monthly fee, regardless of your account balance. Early direct deposit: Customers can get early access to direct deposits, including paychecks, government benefits, and more, up to two days before the scheduled date. For federal tax refunds, you may receive funds up to five days early. Extensive ATM network: Over 2,400 in-network ATMs are available, and Fifth Third has partner ATMs nationwide. Cons Low APY on savings: The standard savings account has just a 0.01% APY. The same applies to non-promotional CDs. Limited branch locations: Although it has many branches in certain states, none exist outside the 10 states where Fifth Third Bank operates. High overdraft fee: Incurring an overdraft costs $37 per transaction, which is on the high end for the industry. Fifth Third Bank has an online chat that is available 24/7 for customers. Phone support is available Monday through Friday from 8:00 a.m. to 6:00 p.m. ET, and Saturday, 10:00 a.m. to 4:00 p.m. ET. Phone support is not available on Sundays. Fifth Third's mobile app is highly rated, with a 4.6-star rating on Google Play store and a 4.8-star rating on the Apple App Store. The app has several useful features, such as checking your account balance and transactions, transferring money, paying bills, and depositing checks. Fifth Third has taken several steps to advance social and environmental causes. For example, its Empowering Black Futures program committed $180 million in investment through the program, a goal which it has already exceeded. It has extended the original timeframe for the program through 2025 to continue providing assistance. It also pledged $180 million toward environmental causes, a goal it had already exceeded as of 2023. In 2023, the bank provided $1.3 billion in lending for renewable energy projects. It also financed $19.6 billion in social projects as part of its $100 billion environmental and social target. Read more: What is sustainable banking? Fifth Third's customer service number is 800-972-3030. Phone support is available Monday through Friday from 8:00 a.m. to 6:00 p.m. ET and on Saturday from 10:00 a.m. to 4:00 p.m. ET. Yes, Fifth Third Bank is backed by the FDIC and deposits are guaranteed up to $250,000 per account holder, per ownership category. Fifth Third has several different routing numbers for different cities and regions. You can find your routing number on the bank's website. Although some of Firth Third's accounts have good features, its standard savings account earns very little interest. It also charges high overdraft fees, and much of the country doesn't have a branch nearby. Fifth Third can be a good bank if you prefer a brick-and-mortar bank that offers a checking account with no monthly fees. However, other banks offer better interest rates or make it easier to avoid fees. Fifth Third is a very stable bank. It celebrated its 165th anniversary in 2023.
Business Journals
17-06-2025
- Business
- Business Journals
Fifth Third contributes $13M to Findlay Community Center
Fifth Third Bank is contributing a total of $13 million to an Over-the-Rhine project that is set to help transform the northern reaches of the neighborhood.
Yahoo
12-06-2025
- Business
- Yahoo
Reporting on the ground in one of America's Evolving Cities
Anyone who's lived in Nashville for any length of time is familiar with the rapid pace of change here. So it's hardly a surprise the city landed on a list of regions that are projected to continue growing in the report "Empowering American Cities" from the Kenan Institute of Private Enterprise at the University of North Carolina. The report is a yearslong partnership between the institute and Fifth Third Bank, and while there are many lists of growing cities out there, this one goes beyond population statistics and incorporates a variety of economic drivers. Factors driving the top cities' growth, according to the institute's findings, include affordable housing, green space, the absence of a state income tax, walkable neighborhoods and warm weather. And while controversial tariffs, immigration policies and shrinking federal spending have created uncertainty and may slow growth, the top-performing cities still are expected to continue to make gains, according to the institute's chief economist Gerald Cohen. Still, the institute's insights served as a mere jumping off point for the USA TODAY Network project America's Evolving Cities. Journalists from across the country, who live and work in cities that made the list, took a close look at their hometowns' unique paths to success — and how fellow residents have benefited or suffered along the way. The Kenan Institute's report, along with insights from Cohen, provided an overview. Then the journalists filled in the picture from the ground in Phoenix, Des Moines, Nashville and Florida's Space Coast. They crisscrossed the suburbs, spoke with everyone from community leaders to working-class residents, dug through archival photos to illustrate their communities' evolution, and captured residents' connections with their home cities on video. The result is a comprehensive look at what it feels like to live in a growing city — the hope and tension, the nostalgia and excitement. Have a Nashville story to share? Reach city editor Liz Schubauer at lschubauer@ This article originally appeared on Nashville Tennessean: Reporting on the ground in one of America's Evolving Cities
Yahoo
12-06-2025
- Business
- Yahoo
Inside the success of America's growing cities like Phoenix, Nashville
Nashville and Phoenix landed high on a list of large U.S. cities expected to continue growing in 2025 even amid fears of a national recession. Controversial tariffs, immigration policies and shrinking federal spending have created uncertainty and may slow growth, but the top performing cities still are expected to continue to make gains, economist Gerald Cohen told the USA TODAY Network. "Job creation continues to look fairly healthy," he said. "Despite a lot of smoke, there wasn't a lot of heat on the economy." Cohen, chief economist of the Kenan Institute of Private Enterprise at the University of North Carolina, led the team of researchers who forecasted the top midsize and large cities that are projected to continue growing in the report "Empowering American Cities." The yearslong project is a partnership between the institute and Fifth Third Bank and, unlike many other published lists of growing cities, it takes a deeper dive into a variety of economic drivers beyond just population increases. Among large cities, Austin tops the institute's list of growing cities, while Nashville is listed as No. 5, largely due to its thriving music and entertainment industry as well as its status as a national health care hub. Phoenix, home to a hearty real estate market, landed at No. 10. Among midsize cities, Amarillo, Texas, took the top spot for projected growth, while Des Moines ranked fourth. Florida's Space Coast, referred to in the study as Palm Bay, took the No. 10 spot. A key driver for Des Moines is its position as a financial hub. The Space Coast is anchored by engineering, manufacturing and defense work. USA TODAY Network reporters who live and work in cities that made the list took a close look at their hometowns' unique paths to success — and how fellow residents have benefited or suffered along the way. The Kenan Institute team defined and analyzed "economic orbits," called Extended Metropolitan Areas, which can reach beyond the geographic borders of the U.S. Census' Metropolitan Statistical Areas. The orbits include cities, towns and counties with interlinked economies. Growing cities — including Phoenix and Nashville — have "exurbs" with jobs, homes and amenities up to 100 miles from the city center to attract a labor force that prefers working from home, according to the institute's findings. That's part of a post-pandemic trend expected to continue. Other factors driving the top cities' growth, according to the institute's findings, include: affordable housing, green space, the absence of a state income tax, walkable neighborhoods and warm weather. Cohen, also a research professor of finance, said it's too early to gauge the impact of ongoing policy changes initiated by President Donald Trump, including significant cuts to scientific research funding through the National Institutes of Health, which could impact Nashville, home to the corporate headquarters of HCA and research hospitals. Evolving immigration policies and historic tariffs, including on goods from Mexico and Canada, could impact supply chains and workforces, helping drive up the costs of cars and other products and slowing consumer spending. "We need foreign-born workers if we want to continue to grow the economy," Cohen said. "Research is very strong in saying that foreign-born workers are additives to the economy. They're doing jobs that we, the native-born population, wouldn't do." The project also examines a city's ability to attract and retain workers as well as their productivity. Nashville, known as Music City, has the nation's highest input-per-worker rate in the leisure and hospitality category, Cohen said. "It's double the U.S. productivity rate, and it's 20% higher than No. 2, which is Las Vegas," the economist said. In Nashville, the economic output, adjusted for inflation, is greater than $100,000 per worker in the leisure and hospitality fields, compared to the U.S. average of $50,000, Cohen said. Productivity gains are typically attributed to three things: better skilled people, either by hiring more skilled workers or by providing additional training for existing staff; upgraded technology or equipment; and innovation. Des Moines beat out New York City as the city with the largest percentage of its gross domestic product, or economic output, coming from the financial sector, Cohen said. Iowa's capital has a thriving market in banking and insurance, driving finance to capture a nearly 26% slice of its GPD, compared to the national average of just over 7%. Des Moines beat out all 150 cities studied. Florida's Space Coast, home to the Kennedy Space Center, is midsized but ranked No. 6 in terms of manufacturing durable goods out of all 150 cities studied. The area makes everything from boats and electronics to explosive-detecting robots for the military and materials for rockets that can withstand extreme environments. During the past decade, the Space Coast's manufacturing sector grew at an annual rate of nearly 9%, compared to the national average of slightly more than 1%, Cohen said. A robust commercial and residential real estate market along with a successful insurance sector help drive the economy in Phoenix. The area has the fifth largest real estate sector of the 50 large cities studied. Commercial and residential real estate constitutes more than 17% of the area's GDP, compared to the national average of less than 14%. April's median home price in the Valley of the Sun came in at $445,000, about $30,000 more than the national median existing-home price. The Phoenix area's population growth rate is more than 4% annually, double that of the national average. "What's notable about the area, it's got a nice combination of both influx of people and increases in productivity, which is driving the economy," Cohen said. "That's been the special sauce there." This article originally appeared on USA TODAY: Why Phoenix, Nashville, Des Moines, Space Coast are still up & coming Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Fifth Third Named Among the Best and Brightest in Wellness by National Association for Business Resources
CINCINNATI, June 09, 2025--(BUSINESS WIRE)--For the second consecutive year, Fifth Third (Nasdaq: FITB) has been named among the Nation's Best and Brightest in Wellness by the National Association for Business Resources (NABR). This award recognizes companies that have demonstrated exceptional commitment to promoting employee wellness and creating a healthy working environment. "This award highlights Fifth Third's dedication to fostering a workplace culture that prioritizes wellness through support, education and encouragement – helping employees lead happier, healthier lives," said Nancy Pinckney, chief human resources officer at Fifth Third. "Our innovative wellness programs are designed to help support employees holistically, including improving or sustaining their physical, financial, emotional and social well-being." Fifth Third continues to invest in the well-being of its employees through a comprehensive suite of benefits. The Bank also offers wellness and employee assistance programs, virtual and maternity concierge services, along with on-site concierges in larger locations, and subsidized back-up care for children and elder adults. The Nation's Best and Brightest in Wellness winning companies were evaluated by an assessment created and administered by a leading wellness research firm. Each entry was examined statistically for quantitative and qualitative data. Each survey was scored on a point system based upon criteria to benchmark and improve wellness program effectiveness. Best and Brightest in Wellness award winners were evaluated based on various categories, including wellness program culture, environment and employee input; onsite and remote offerings; physical health; mental health; financial health; leadership commitment; and outcomes, evaluation, analysis and tracking. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC. About the National Association for Business Resources The Best and Brightest in Wellness, Best and Brightest Companies to Work For, Best and Brightest CEOs and Leadership Teams in the Nation are programs of the National Association for Business Resources, and are presented in several markets: Atlanta, Charlotte, Chicago, Dallas/Fort Worth, Denver, Detroit, Houston, Miami, Milwaukee, Nashville, New England, New York, Northern California, Pacific Northwest, Southern California, West Michigan and Nationally. Nominations are now being accepted for all programs. Visit to obtain an application. View source version on Contacts Derek Cuculich (Media Relations) Matt Curoe (Investor Relations) | 513-534-2345
