Fifth Third Bank has a new checking account promotion. They’ll give $150 to Stand Up To Cancer and $150 to you when you open a new checking account with direct deposit and make three online bill payments. The account must be opened by March 31, 2014. The direct deposit and the three online bill payments must be completed within 90 days of account opening to qualify for the bonus. Bonus will be deposited into the new checking account within 6 weeks of completing requirements. The full details of this offer is listed in the bank’s promotions page.
The bank also has a money market special that guarantees a 1.00% APY through September 30, 2014. It requires that you open the Relationship Money Market account and maintain a balance of $25K or more. It also requires that you have a premium checking account. This special doesn’t appear to be listed on the bank’s website. A reader emailed me news of this, and I called for additional details. I was told by a bank CSR that this special isn’t available at all Fifth Third branches. It’s only available in certain regions. So you’ll have to call your local branch to see if it’s available. If you call, please leave a comment.
Fifth Third continues to offer some decent long-term CD rates. I reported on these earlier this month.
For the checking account promotion, you can apply online or at a branch. The online application restricts new accounts to only certain states. The application will inform you if your zip code is in an area where they offer accounts.
Fifth Third Bank has over 1,300 full-service locations in the following eastern and midwestern states: Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, Tennessee and West Virginia.
Fifth Third is a large regional bank with $123 billion in assets. It has an overall health grade at DepositAccounts.com of an A+ with a Texas ratio of 7.11% (excellent) based on September 2013 data. Please refer to our financial overview of Fifth Third Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 6672).