Fifth Third Bank vs Discover Bank

Fifth Third Bank is a midwest & Southwest bank with high balance requirements. How does it compare to Discover Bank? Read our comparison chart below.

Fifth Third Bank has 1,300 branches across the Midwest and Southwest. Basic checking account requires $1,500 minimum balance to avoid fees. Promotional CD offers a high APY for terms up to 27 months with a $5,000 minimum opening deposit.

While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. There are no service fees.

Compare Fifth Third Bank with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Fifth Third Bank	Discover Bank
	Member FDIC	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER Personal Checking Account - $200 Bonus - Learn More Read Fifth Third Bank Review	SPECIAL OFFER Online Savings Account - Earn 4.25% APY - Learn More Read Discover Bank Review
	Benefits and Features
Savings	0.01% APY	4.25% APY
CD	0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 4.00% - 4.40% APY. Terms are 6, 12, and 24 months, minimum deposit of $5,000.	2.00% to 4.70% APY depending on terms. $2,500 minimum
Checking	Fifth Third Momentum® Checking: No monthly service charge Fifth Third Preferred Checking®: Interest-bearing checking account Fifth Third Student Banking: Personal checking account for students age 13 and up.	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Money Market	0.01% APY Standard Rate (0.01% Relationship Rate)	4.00% APY under $100,000; 4.05% APY $100,000 or more. $2,500 minimum deposit.
ATMs	Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.	Over 60,000 no-fee ATMs
Customer Service	Mon-Fri 8:00 am - 6:00 pm (EST) Sat 10:00 am - 4:00 pm (EST)	24/7
IRA CD		12-month CD APY of 4.70%. 18-month CD APY of 4.40%. 24-month CD APY of 4.00%. 5-year CD APY of 3.75%.
Locations	1,300 branches, including 100 Bank Mart® locations across the country	Online Only
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: Free Express Checking Free student checking Promo CD with high APY Cons: Higher balance requirements Low savings APY Limited branches	Pros: High yield No fees 24/7 customer service Cons: No interest checking $2,500 minimum deposit for CDs
Bottom Line	Midwest & Southwest bank with high balance requirements... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Visit Site	Visit Site
	Personal Checking Account - $200 Bonus Fifth Third Momentum® Checking - $200 Bonus Fifth Third Business Checking Account™	Online Savings Account - Earn 4.25% APY Online Checking Account - Earn Cash Back Discover® Cashback Checking – Up to $30/Month Cashback
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Fifth Third Bank: Pricing information from published website as of 05/07/2024 based on 45202 zip code. Discover Bank: Pricing information and data points from published website as of 04/26/2024.

Member FDIC

Personal Checking Account - $200 Bonus

Open an eligible Fifth Third checking account. Make direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.

Get Deal

Expires 6/30/2024

Member FDIC

Fifth Third Momentum® Checking - $200 Bonus

Get Deal

Expires 6/30/2024

Member FDIC

Online Savings Account - Earn 4.25% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Member FDIC

Online Checking Account - Earn Cash Back

1% cash back on up to $3,000 in debit card purchases each month. See website for details
No fees
Early Pay - Get your paycheck up to two days early with no charge
No credit impact - You can apply without affecting your credit score.
Access to over 60,000 no-fee ATMs in the U.S.

Apply Now

Member FDIC

Discover® Cashback Checking – Up to $30/Month Cashback

Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.

Get Deal

Which is Better: Fifth Third Bank or Discover Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Fifth Third Bank or Chase.

In short: Discover Bank's savings, checking, money market, and customer service are worth mentioning. In particular, the customer service is outstanding.

Articles on Fifth Third Bank

Fifth Third Bank Review

Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you.