Fifth Third Bank vs Axos Bank

Fifth Third Bank is a midwest & Southwest bank with high balance requirements. How does it compare to Axos 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 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.

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

	Fifth Third Bank	Axos Bank
	Member FDIC	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Personal Checking Account - $300 Bonus - Learn More Read Fifth Third Bank Review	SPECIAL OFFER Basic Business Checking - Up to $400 Bonus - Learn More Read Axos Bank Review
	Benefits and Features
Savings	0.01% APY	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
CD	0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 3.00% to 4.00% APY. Terms are 4, 8, 12, and 24 months, minimum deposit of $5,000.	0.20% APY. Terms of 3 months to 5 years. $1,000 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.	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback
Money Market	0.01% APY Standard Rate (0.01% Relationship Rate)	0.25% APY
Mobile App		iOS & Android
ATMs	Allpoint® and 7-Eleven® network of ATMs. More than 40,000 fee-free ATMs nationwide.	approximately 91,000 partner ATMs
Customer Service	Mon-Fri 8:00 am - 6:00 pm (EST) Sat 10:00 am - 4:00 pm (EST)	24/7
Locations	1,078 branches	Online only
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
Customer Service
ATMs
Locations
Pros & Cons	Pros: Free Express Checking Free student checking Promo CD with high APY Cons: Higher balance requirements Low savings APY Limited branches	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches
Bottom Line	Midwest & Southwest bank with high balance requirements... Read full review	Full-service online bank with excellent cashback and interest checking... Read full review
	Visit Site	Learn More
	Personal Checking Account - $300 Bonus Fifth Third Momentum® Checking - $300 Bonus Fifth Third Business Checking Account™	Rewards Checking - Up to 3.30% APY Basic Business Checking - Up to $400 Bonus Business Premium Savings - Up to 4.01% APY
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 11/13/2024 based on 45202 zip code. Axos Bank: Pricing information from published website as of 09/27/2024.

Member FDIC

Personal Checking Account - $300 Bonus

Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 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 12/31/2024

Member FDIC

Fifth Third Momentum® Checking - $300 Bonus

Get Deal

Expires 12/31/2024

Member FDIC

Basic Business Checking - Up to $400 Bonus

Get Deal

Expires 1/2/2025

Business owners get up to $400 welcome bonus!* Open a business checking account by January 2 and get up to $400 when you use promo code NEW400 on your application.*
No initial deposit requirement
No minimum balance requirement
No monthly maintenance fees
Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
Unlimited domestic ATM fee reimbursements
Unlimited item processing (debits, credits, and deposited items)
Cash deposits via MoneyPass and AllPoint networks

Member FDIC

Business Premium Savings - Up to 4.01% APY

Get Deal

Unlock a bonus up to $375 with Business Premium Savings. Save more, pay lower fees, and get a limited-time bonus up to $375 with a 4.01% APY* Business Premium Savings account. Use promo code BPS375.†
Earn 4.01% APY* With Business Premium Savings
Free domestic and international incoming wires
No monthly maintenance fee
No minimum opening deposit
No average daily balance requirement
Business deposit accounts FDIC insured up to $250k

Member FDIC

High Yield Savings - Up to 0.61% APY

Learn More

0.61% APY on balance < $25,000
0.25% APY on balance $25K-$100K
0.15% APY on balance > $100K
No monthly maintenance fees
No minimum balance requirements
$250 minimum opening deposit
Free incoming wires
Zero minimum balance requirement

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

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.