Fifth Third Bank vs Synchrony Bank
Fifth Third Bank is a midwest & Southwest bank with high balance requirements. How does it compare to Synchrony 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 Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.
Compare Fifth Third Bank with Synchrony Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More | |
Fifth Third Bank | Synchrony Bank | |
|---|---|---|
Personal Checking Account - $200 Bonus - | High Yield Savings - 4.75% APY - | |
Benefits and Features | ||
| Savings | 4.75% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle | |
| CD | 0.01% 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. | 0.25% to 5.15% APY. Terms of 3 months to 5 years. No minimum deposit to open. |
| Checking |
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| Money Market | 0.01% APY Standard Rate (0.01% Relationship Rate) | 2.25% APY. No monthly service fee and no minimum deposit. |
| ATMs | Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide. | Any ATMs with Plus or Accel logos |
| Customer Service |
| Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET) |
| IRA CD | 0.25% to 5.00% APY. Terms of 3 months to 5 years. No minimum deposit to open. | |
| IRA Money Market | 2.25% APY. | |
| Locations | 1,300 branches, including 100 Bank Mart® locations across the country | |
CreditDonkey® Reviews | ||
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| Checking | | |
| Money Market |  | |
| Mobile App | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Midwest & Southwest bank with high balance requirements... | Good online bank offering high interest rates... |
| Visit Site | Learn More | |
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 04/09/2024 based on 45202 zip code. Synchrony Bank: Pricing information from published website as of 04/11/2024. | ||
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.
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.
Which is Better: Fifth Third Bank or Synchrony 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: Synchrony Bank's savings and money market are notable. In particular, the savings is excellent.
Articles on Fifth Third Bank
Fifth Third Bank Review
Articles on Synchrony Bank
Synchrony Bank
Synchrony High Yield Savings Review
Synchrony Bank CD Rates
Which Do You Think is Best?
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