Ohio's 529 CollegeAdvantage raises CD rates
Fifth Third Bank has raised the rates for four of their 529 CD terms. The new rates took effect on Nov. 1, 2018. The rate for the 3-5 Month 529 CD rose from 1.00% Annual Percentage Yield (APY) to 2.00%. The interest rate for 6-11 Month 529 CD increased from 2.00% APY to 2.25% APY. For the 12-23 Month 24-35 Month 529 CD, the rate was raised from 2.00% APY to 2.50% APY. The APY for the 24-35 Month CD increased from 2.50% to 2.75%. All other terms currently have an APY of 2.50%.
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