Rates Current as of Thursday May 24, 2012

Fifth Third Bank Waltz Branch
28106 Waltz Rd
Waltz, MI 48164
Phone: (734) 654-6232
Bank Branch Hours of Operation:
M-F 9 – 6; SA 9-2

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Banking & CD FAQs

How much money can I deposit into a national bank?

Generally, there is no limit on deposits. However, there are FDIC limitations to the amount of funds that are insured. Deposits held in federally insured banks are insured up to at least $100,000 for each depositor by the Federal Deposit Insurance Corporation (FDIC). Coverage is higher – up to $250,000 per depositor – for funds

If one of my twenty-dollar bills was partially destroyed in my washing machine will it still be any good?

If you have more than 50% of its total area, the bank will replace the bill with a new one. They do this to prevent someone from splitting the bill right in half and doubling their value. Only the portion with a higher than 50% of its total area will be replaceable.

What are the penalties for withdrawing money early from a Certificate of Deposit?

Federal law stipulates that all time certificates of deposit (CDs) that are cashed out early are subject to a minimum penalty. If you withdraw an amount within the first six days after deposit, the penalty consists of at least seven days’ simple interest. Other than that minimum requirement, national banks can set their

What are the regulations of an internet bank?

An internet bank is still a bank. It may be the internet site of existing bank with physical offices or it may be internet based only. In both cases, banks are governed by the Federal Deposit Insurance Corporation. National Banks are regulated by the Office of the Comptroller of the Currency