Fifth Third Preferred Checking® is an interest-bearing checking account and all balances earn 0.01% Annual Percentage Yield (APY) in all markets.UNIQUE OFFER CODE MUST BE PRESENTED AT ACCOUNT OPENING TO RECEIVE THE BONUS. Bonus may be taxable as interest income and reported on IRS Form 1099-INT. No minimum deposit required to open a checking account. Account must be funded within 45 days of account opening. Eligibility may be limited based on your account type and ownership role. Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year. Offer is not available to existing Fifth Third checking customers or to those with a Fifth Third Checking account that has been closed within the last 12 months. In order to receive the cash bonus, your checking account must be open and in good standing. The cash bonus will be deposited into your new account within 10 business days of completing qualifying activity requirements. A qualifying Direct Deposit is an Automated Clearing House (ACH) credit, which may include payroll, pension or government payments (such as Social Security). The $325 checking bonus does not require any additional activities. Account(s) must be funded within 45 days of account opening or account may be closed, and you may not be eligible for the bonus. To qualify for the $325 checking bonus, provide the offer code, open a Fifth Third Momentum® Checking, or Preferred2 checking account by and make direct deposits totaling $500 or more within 90 days of account opening.
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