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Axos Bank vs Fifth Third Bank

Axos Bank is a full-service online bank with excellent cashback and interest checking. How does it compare to Fifth Third Bank? Read our comparison chart below.

Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

While 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.

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

 Axos Bank
Member FDIC
Fifth Third Bank
Member FDIC
 Visit SiteVisit Site
 

Axos Bank

Fifth Third Bank

SPECIAL OFFER
Rewards Checking - Up to 3.30% APY - Learn More

Read Axos Bank Review

SPECIAL OFFER
Personal Checking Account - $200 Bonus - Learn More

Read Fifth Third Bank Review

 

Benefits and Features

Savings0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
0.01% APY
CD0.20% APY. Terms of 3 months to 5 years. $1,000 minimum0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 3.50% - 5.20% APY. Terms are 5, 7, 12, and 24 months, minimum deposit of $5,000.
CheckingRewards Checking: Up to 3.30% APY
Cashback Checking: Up to 1% cashback
  • 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.
Money Market
0.25% APY
0.01% APY Standard Rate (0.01% Relationship Rate)
Mobile App
iOS & Android
 
ATMsApproximately 91,000 partner ATMsAllpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.
Customer Service
24/7
  • Mon-Fri 8:00 am - 6:00 pm (EST)
  • Sat 10:00 am - 4:00 pm (EST)
Locations
Online only
1,300 branches, including 100 Bank Mart® locations across the country
 

CreditDonkey® Reviews

 Axos BankFifth Third Bank
SavingsStarStarStarStarHalf StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
CheckingStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarStarHalf StarStarStarHalf StarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • Checking with rewards
  • No monthly fee
  • Domestic ATM rebates
Cons:
  • Low CD rates
  • No physical branches
Pros:
  • Free Express Checking
  • Free student checking
  • Promo CD with high APY
Cons:
  • Higher balance requirements
  • Low savings APY
  • Limited branches
Bottom LineFull-service online bank with excellent cashback and interest checking... Read full reviewMidwest & Southwest bank with high balance requirements... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Axos Bank: Pricing information from published website as of 04/10/2024.

Fifth Third Bank: Pricing information from published website as of 04/09/2024 based on 45202 zip code.

Axos Bank
Member FDIC

Rewards Checking - Up to 3.30% APY

Expires 6/30/2024
  • Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
  • Up to 3.30% APY
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Zero minimum monthly balance reqs
  • Unlimited domestic ATM fee reimbursements
  • Online debit card management
  • Simple, 3-step process for direct deposit
  • Only $50 to open an account
Axos Bank
Member FDIC

Basic Business Checking - Up to $400 Bonus

Expires 6/30/2024
  • Business owners get up to $400 welcome bonus!*
  • Open a business checking account by June 30 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
  • Zero opening deposit and cash deposits accepted
  • Zero minimum monthly balance requirements
  • Two domestic wire reimbursements monthly
  • Unlimited domestic ATM fee reimbursements
  • Enhanced Visa benefits and first 50 checks free
  • Dedicated relationship manager and more
Axos Bank
Member FDIC

CashBack Checking - Earn up to 1.00% Cash Back

  • Earn up to 1.00% cash back on signature-based purchases
  • Unlimited domestic ATM fee reimbursement
  • No monthly maintenance fee
  • $50 minimum balance required to open account
Fifth Third Bank
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.

Expires 6/30/2024
Fifth Third Bank
Member FDIC

Fifth Third Momentum® Checking - $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.

Expires 6/30/2024

Which is Better: Axos Bank or Fifth Third Bank?

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

In short: Axos Bank's savings, checking, and money market are notable. In particular, the checking is excellent. Fifth Third Bank's cd is worth mentioning.


Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

Axos Business Checking

Looking for affordable banking for your small business? Axos Bank offers a free business checking account or an interest-bearing account. Read on.

Is Axos Bank Safe

Is Axos Bank safe and legit? Find out if Axos is a good bank and learn more about its pros, cons, and common complaints.

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.

Which Do You Think is Best?





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