Discover Bank vs Fifth Third Bank

Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Fifth Third Bank? Read our comparison chart below.

Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no 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 24 months with a $5,000 minimum opening deposit.

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

	Discover Bank	Fifth Third Bank
	Member FDIC	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Online Savings Account - Earn 3.40% APY - Learn More Read Discover Bank Review	SPECIAL OFFER Fifth Third Business Checking Account™ - Learn More Read Fifth Third Bank Review
	Benefits and Features
Savings	3.40% APY	0.01% APY
CD	2.00% to 4.00% APY depending on terms	0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 3.00% to 3.50% APY. Terms are 10, 12, and 24, minimum deposit of $5,000.
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.
Money Market		0.01% APY Standard Rate (0.01% Relationship Rate)
Mobile App	iOS & Android
ATMs	Over 60,000 no-fee ATMs	2,100+ Fifth Third ATMs plus 40,000+ 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	1,087 branch locations
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
CD
Pros & Cons	Pros: High yield No fees 24/7 customer service	Pros: Free Express Checking Free student checking Promo CD with high APY Cons: Higher balance requirements Low savings APY Limited branches
Bottom Line	Solid online bank with high APY rates and good customer service... Read full review	Midwest & Southwest bank with high balance requirements... Read full review
	Visit Site	Learn More
	Online Savings Account - Earn 3.40% APY Certificate of Deposit Discover® CD Rates	Fifth Third Business Checking Account™ Personal Checking Account - $300 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Discover Bank: Pricing information and data points from published website as of 09/30/2025. Fifth Third Bank: Pricing information from published website as of 10/02/2025 based on 45202 zip code.

Member FDIC

Online Savings Account - Earn 3.40% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Member FDIC

Certificate of Deposit

3.50% APY for 6-month term
4.00% APY for 12-month term
3.80% APY for 18-month term
3.60% APY for 24-month term
3.60% APY for 36-month term
3.60% APY for 5-year term

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Member FDIC

Discover® CD Rates

No minimum opening deposit required
No fees
FDIC insured

Term	CD Rates
3 Months	2.00% APY
6 Months	3.50% APY
9 Months	3.50% APY
1 Year	4.00% APY
1.5 Years	3.80% APY
2 Years	3.60% APY
2.5 Years	3.60% APY
3 Years	3.60% APY
4 Years	3.60% APY
5 Years	3.60% APY
7 Years	3.50% APY
10 Years	3.50% APY

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Which is Better: Discover 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 Discover Bank or Wells Fargo.

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

Articles on Discover Bank

Discover Bank Review

Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

Discover Savings

Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.

Discover CD

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

Discover Bank vs Marcus

Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Who Owns Discover

You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

Is Discover a Real Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

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.