Fifth Third Celebrates 20 Years of Exclusive Partnership with the Ohio 529 CollegeAdvantage Plan
Two Decades of Collaboration Have Helped Thousands of Families Save for Higher Education
Fifth Third Bank (NASDAQ:FITB) is proud to celebrate 20 years of exclusive partnership with the Ohio Tuition Trust Authority's Ohio 529 CollegeAdvantage plan, a collaboration that has empowered more than 74,000 families across the country save $2.5 billion for college since 2005 through dedicated savings accounts and certificates of deposit (CDs). Available across the country, the plan is the only one in the nation to offer multiple Fifth Third CD rate options—providing families with one of the most flexible and secure ways to save for their children's education.
"We're honored to mark two decades of partnership with the Ohio Tuition Trust Authority," said Daniel Beck, Product Line Manager at Fifth Third. "Helping families prepare for college is one of the most meaningful ways we support our communities, and we're proud to continue offering trusted, accessible savings solutions through CollegeAdvantage."
The Ohio 529 CollegeAdvantage is a tax-advantaged education savings plan designed to help families prepare for future college costs. Customers can open dedicated savings accounts or certificates of deposit (CDs) offered by Fifth Third Bank as investment options in the plan, offering secure, FDIC-insured options with competitive rates. Contributions grow tax-free, and withdrawals for qualified education expenses are exempt from federal income tax, making it a flexible and cost-effective way to save for tuition, books, and other higher education needs. Funds can be used at most accredited colleges, universities, and vocational schools nationwide, and Ohio residents may also benefit from state tax deductions.
Ohio 529 CollegeAdvantage offers a wide range of term options through Fifth Third CDs, enabling customers to align maturities with their future funding needs while earning competitive interest rates. This flexibility, combined with the partnership's focus on financial wellness, underscores Fifth Third's commitment to helping families plan confidently for long-term goals.
"For twenty years, our partnership with Fifth Third has helped families turn aspirations into action," said Trisha Good, Executive Director of the Ohio Tuition Trust Authority. "By offering secure, accessible savings options through CollegeAdvantage, Fifth Third has played a vital role in helping Ohioans prepare for the cost of higher education. We're proud of what we've accomplished together—and even more excited about what's ahead."
To learn more about Fifth Third's Ohio 529 CollegeAdvantage savings options, visit https://www.53.com/529.
About Fifth Third
Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust.
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.
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Sophie Isherwood (Media Relations)
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Matt Curoe (Investor Relations)
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