Website: http://www.53.com

Authority: Fifth Third Bank is major Midwest regional bank in the U.S. With beginnings in 1858 it operates 2404 ATMs and 1315 branches to 12 U.S states including OH, MI, IL, FL, IN and KY. Its CD products are FDIC insured and is regulated by the Federal Reserve Board (FRB).

How to open a Fifth Third Certificate of Deposit:

You can open this product at a Fifth Third banking center (branch). You can find your find your nearest banking center by using the website Branch locator tool. You can filter the options by city, state and zip code.

You can contact them by telephone on: 1-800-972-3030 to find out information to open to this account

if you are already a Fifth Third client, you can send an online message when you login into the internet banking. You can send a secure message through this system and query about  your accounts.

What type of security does Fifth Third use on its internet accounts:

Fifth Third uses encryption including the use of Secure Socket Layers technology SSL, automatic time outs as well as enhanced authentication of login sessions.

Application requirements to open a one year Fifth Third Bank Certificate of Deposit:

While online applications are not available for CD's, a savings account application online requires a customer to be a U.S citizen with a U.S address. As well as be at least 18 years old providing a Social Security Number, Email address and driver's license information. Current Fifth Third customer can use its internet banking service.

Information to consider when opening Fifth Third 1 Year CD Rates:

Like other banks, Fifth Third 53 Interest Rates set rates for CD products based on a number of factors. CD products are considered liabilities for banks and bank profitability is usually based on the spread between its loans and its funding which includes deposits. A bank net interest margin is an indicator of this spread so rates can be influenced depending on the funding it requires, expense of funding sources as well as competition for deposits.  Another factors in the determination of the rates Fifth Third bank would set fo its CD rate would be the fed fund rate set by the Federal Reserve, the U.S central bank. This has a large effect on rates and bank CD rates can rise and fall depending on this factor. Other factors that can influence this rate include regulations by the FDIC as well costs, as online retail banks do not have to maintain a large branch network like Fifth Third does.

The current interest rate below applies the 'Standard CD' product and is for a 12 to 24 month CD term. The rate was determined with a  45239 zip code for Cincinnati, OH and requires a deposit balance from $50,000 to $99,999.