Q:

How do you enroll in the Fifth Third Bank CD program?

A:

Quick Answer

To enroll in a Fifth Third Bank CD program, choose one of the four Certificates of Deposit options it offers, and make the minimum deposit. As of 2015, the Certificates of Deposit options are a promotional CD, standard CD 7-89 Days CD, 90 days-84 months CD, and 529 CD.

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Full Answer

The minimum deposit for promotional CD and standard CD 7-89 Days CD is $5,000, while the minimum for 90 Days-84 Months CD and 529 CD* is $500. Each option does not allow additional deposits or withdrawals, and there is a penalty for making early withdrawals. 529 CDs have no renewals. A customer can use a Fifth Third CD as collateral for a Fifth Third loan.

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