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We study the local convergence analysis of a fifth order method and its multi-step version in Banach spaces. The hypotheses used are based on the first Fréchet-derivative only. The new approach provides a computable radius of convergence, error bounds on the distances involved, and estimates on the uniqueness of the solution. Such estimates are not provided in the approaches using Taylor expansions of higher order derivatives, which may not exist or may be very expensive or impossible to compute. Numerical examples are provided to validate the theoretical results. Convergence domains of the methods are also checked through complex geometry shown by drawing basins of attraction. The boundaries of the basins show fractal-like shapes through which the basins are symmetric. [ABSTRACT FROM AUTHOR]