bank rates

Fifth Third Bank 2.65% 24-Month CD

Fifth Third Bank touts its certificates of deposit “to help achieve your investment and wealth management goals.”

But you’d need some pretty modest goals to reach nirvana with standard 12- to 24-month CDs that pay as little as 0.50% for deposits up to $5,000, 0.60% for deposits up to $10,000 and 0.70% for deposits up to $25,000.

That’s less than half the average rate for 12- and 24-month CDs — a pretty sorry return in and of itself.

(Fifth Third offers slightly different rates in different markets, which is why you must enter a zip code to get a quote from

The Cincinnati-based regional bank with 1,291 branches in a dozen states is just trying to hose lazy savers who let maturing CDs automatically rollover for another year or two.

Indeed, it also has “promo” CDs with a $5,000 minimum deposit that pay 2.10% APY for 11 months, 2.50% for 18 months and 2.65% for 24 months.

But you’ve got to be paying attention and ask for the promo rates to get them.

These aren’t the absolutely best rates you’ll find out there, but they’re better than average and four times better than Fifth Third’s standard rates.

It’s all part of the games banks are playing right now. Don’t be a loser.

“This is weak man.” That’s how the Trading Baby would undoubtedly describe our “Worst Rate of the Week” from his very own E*Trade. It’s on Bankaholic’s Personal Finance Blog. You can always reach that blog by clicking on the “finance” tab at the top of this page.

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