Banking Options (Cash)
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529 Savings Account And CD Options
A Fifth Third 529 savings account or Certificate of Deposit (CD) lets your money grow over time with the security of FDIC insurance (to certain limits) while retaining the same tax advantages of our Direct Plan. Other advantages include competitive market rates of interest, guaranteed rate of return, no fees and a low minimum deposit of $25 ($500 for a CD).
||Investment Style/ Characteristics
|Fifth Third 529 Savings Account Show Details
||Seeks to provide FDIC insurance on investments, up to federal limits
||Fifth Third 529 Savings Account
||Competitive interest rates, guaranteed rate of return, no fees, FDIC insured to certain limits Show Details
Fifth Third 529 Savings Account FDIC-Insured To Certain Limits
Fifth Third 529 Savings Account rates are based on balance amount. Current APYs are:
|Savings Account Balance
|$5,001 – $10,000
|$10,001 – $25,000
|$25,001 – $50,000
|$50,001 – $100,000
Rates may change at any time.
|Fifth Third 529 Certificates Of Deposit (CD) Show Details
||Seeks to maximize your return and include longer-term market rates
||Cash/Certificates of Deposit
||Fifth Third 529 Certificates of Deposit
||Competitive market rates of interest, FDIC backing up to certain limits, maturity choices Show Details
Fifth Third 529 FDIC-insured Savings Accounts
Fifth Third 529 Savings Accounts are FDIC-insured to certain limits. APY rates are based on your savings balance. Click below for current APYs.
Current CD Annual Percentage Yields (APYs)
Fifth Third 529 FDIC-insured Certificates of Deposit (CD)
Fifth Third 529 CDs are insured by the FDIC (to certain limits) and offer a wide variety of terms. With this option, you can maximize your return and take advantage of longer-term market rates. The Annual Percentage Yield (APY) is based on the CD term length, not on the opening balance. The minimum opening contribution for all Fifth Third CDs is $500.
- Competitive market rates of interest
- Guaranteed rate of return with FDIC backing, up to federal limits
- Option to choose the maturity that best suits your needs (3 months to 12 years; early withdrawal penalties apply)
- Automatic transfer to a Fifth Third 529 Savings Account at maturity
Once CDs mature and transfer to a Fifth Third 529 Savings Account, you can withdraw funds, exchange to another Fifth Third 529 CD or transfer to other CollegeAdvantage investment options. * You also have the option to leave the funds in the savings account to earn interest.
Your contributions to the Fifth Third 529 Savings Account and CD Options require two business days to complete the transaction. Accordingly, such contributions will receive the APY in effect on the business day following the receipt of a contribution (received in good order before 4 p.m. on any given business day).
*Federal regulations for qualified 529 programs limit the number of times account owners can reallocate investment options for the same beneficiary. Please refer to the CollegeAdvantage Offering Statement and Participation Agreement for details.
Go Into Detail
Download the CollegeAdvantage Offering Statement and Participation Agreement