Check the bottom of the water bottle and buckets for a little recycling arrow triangle with a number in the center of the triangle and letters below the triangle. If they say HDPE 1, HDPE 2 or PETE 1 on the bottom they are good for brewing. If they have any other numbers like 3-7 on the bottom, put them back they are not worth brewing with.
Most big water bottles have a OTHER 7 on the bottom of them but more and more water suppliers are switching over to the PETE 1 plastics, probably due to the whole BPA chemical in plastic bottles is bad for your health. (why everyone is now sporting a nice shiny stainless steel water bottle at the gym instead of the plastic ones)
The 5 gallon buckets are too small for primary fermentors (unless you do smaller batches) but they do make good secondary vessels for dry hopping or additions.
Some will argue that the dye they use to color the buckets will leech into your brew affecting the taste. If you are worried about that, I suggest going with white buckets/lids for Hardware Hank or Ace Hardware. Both of these are white with their logo painted on the front and are located in the painting department.
If you are looking for bigger size of buckets you can try US Plastics dot com. They have quite a lot from food grade to medical grade to ag grade plastic items. Not sure of their prices but you might score a deal if you buy in bulk, like 10 items or more.
Just my two cents
Redbeard5289