The Regions Promotional CD Account offers our best CD 1 rate to Regions customers who qualify for Relationship Pricing Rates 2. Visit a Branch Make an Appointment View All Savings, Money Market and CD Accounts. Regions Bank like other commercial banks when setting its interest rates for CDs (such as one Year CDs) are highly affected by the monetary policy decisions and forecasts of the Federal Reserve (the US central bank) when it attempts to control the money supply and credit availability as it tries to influence the economy. 4/21/09 - 3.25% 39-Month CD and Other Competitive CD Rates at Regions Bank 11/10/08 - Update on Regions CD and Money Market Account Promotions 10/9/08 - 4.00% Money Market Promotion and Update on CDs at Regions.

Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees.

Regions Bank Promotions

Regions Bank frequently offers cash bonuses for new checking customers. Some deals are only available for residents of select States, so make sure you read the fine print carefully.

Best CD rates of March 2021. Bankrate has conducted market research on over 4,000 banks and credit unions nationwide to find accounts with the best CD rates. Here is Bankrate's list of top banks. Regions Bank 6 Month CD Rates: 0.10%. Regions Life Visa Credit Card: 13.99% - 23.99%. Wells Fargo: CHASE: Bank of America: PNC: Capital One: Ask a.

All Regions Bank checking accounts offer free online banking, bill pay, and mobile deposits. There are 2,200 ATMS across 16 states.

Special Checking Account Features

Regions checking accounts come with these special features:

  • Relationship Rewards. Earn relationship reward points when you do normal banking activities, like using online bill pay, making ATM deposits, etc. You can then redeem rewards for cash, gift cards, travel, and more.
  • Regions LockIt. This allows you to block transactions. For example, if you want to control your spending while out for a day, you can lock in-store purchases so you're not tempted. If you lose your card, you can lock all transactions until you find it or report it as lost. You can control this straight on the mobile app.
  • Overdraft protection. To help cover overdrafts, you can link your Regions checking account to a savings, money market account, Regions credit card, or Regions personal line of credit. Note: Transfer fees may apply. You must opt in to this service.

What to Open at Regions Bank

  • Promotional CDs. If you have at least $10,000 to save, Regions Bank offers a promotional CD with highly competitive rates. You can choose terms of 12-15 months. You must also own a Regions checking account to receive this relationship rate.
  • Regions LifeGreen Savings. If you have a Regions checking account, you can open this savings account with no monthly service fee. Opening deposit is $50 if opened online or $5 at a bank. If you set up automated monthly transfers from your checking into this savings, you will earn a 1% annual savings bonus (up to $100/year).
  • Now Banking and Cash Solutions. This allows you to manage your money without a Regions checking account. You get a prepaid Visa for purchases. You also get a savings account with no monthly fee and opportunities for savings bonuses. It also offers check cashing services (for a small percentage of the check amount) with immediate access to your funds.
  • Student Checking. This account has no monthly service fee and no minimum balance requirements for customers under 25.

How to Avoid Regions Bank Checking Account Fees

  • LifeGreen Simple Checking. This account has no minimum balance requirements, but the monthly fee cannot be waived.
  • LifeGreen Checking. The $8 monthly fee (with e-statements) can be waived if you: maintain a monthly average balance of $1,500, OR have at least a single recurring direct deposit of $500, OR have combined deposits of at least $1,000.
  • LifeGreen eAccess. The $8 monthly fee (with e-statements) can be waived if you make at least 10 Regions debit card and/or credit card purchases per cycle.
  • LifeGreen Preferred Checking. The $18 monthly fee can be waived if you: maintain a monthly average balance of $5,000, OR maintain a combined balance of at least $25,000 across all Regions deposit accounts, OR have a qualifying first-lien home mortgage loan, OR have a combined loan balance of at least $25,000 across all Regions loans, lines of credit, and credit cards.
  • Life Green Student Checking. This account has no monthly service fee and no minimum balance requirements if you are under 25.
  • LifeGreen 62+ Checking. The $8 monthly fee (with e-statements) can be waived if you: maintain a monthly average balance of $1,500, OR have at least a single recurring direct deposit of $300, OR have combined deposits of at least $1,000.

[Update January 2021: Regions bank removed their 8 month promotional CD and replaced it with a 63 month promotional CD. It comes with an APY of 0.55% but you must also open a checking account and keep it open for the duration of the CD.]

Regions Bank​, headquartered in Alabama, is a sizable full-service financial institution serving customers across 15 U.S. states.

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Although it is geographically limited, it is still the 23rd largest bank in the country by asset size.

Regions Bank is also a member of the S&P 500 with its $129 + billion in assets. This traditional, regional bank is available to anyone that lives in the following states:

  • Alabama,
  • Arkansas,
  • Florida,
  • Georgia,
  • Illinois,
  • Indiana,
  • Iowa,
  • Kentucky,
  • Louisiana,
  • Mississippi,
  • Missouri,
  • North Carolina,
  • South Carolina,
  • Tennessee, or
  • Texas.

Those that qualify for membership may choose to bank in-person at a branch, or digitally by enrolling in online banking.

Checking, savings, money market, and CD accounts are eligible for online banking.

Regions Promotional Cd Rates

Find out all there is to know below—from savings rates to disclosures—and what its members have to say about banking with Regions.

All of Regions deposit accounts (both fixed rate and variable) are FDIC insured up to the legal limit of $250,000.

For a savings account option, you can choose from the LifeGreen account, the Regions Savings account, and the Now Savings account, but beware they are all providing a lower than average APY currently.

Regions Bank Savings Account Options + APYs

Average savings account rates sit at roughly 0.06% APY nationally to give these offers some context.

Although the accounts pay practically nothing in interest, there are at least no maintenance fees (if you have a Regions checking account) and no minimum balance requirements to avoid closures or fees. This could make an account worthwhile, despite the low rates.

LifeGreen Savings Account Details

You’ll need to search rates by area to be sure what Regions Bank is offering in your location, but across several zip codes, 0.01% is what you’ll get on a LifeGreen Savings account regardless of your balance.

Now for some good news. This account also comes with a 1% annual savings bonus of up to $100. To nab this bonus rate, you’ll have to set up automatic monthly transfers of $10 or more from your Regions LifeGreen checking account into your savings account.

Regions Savings Account Details

A ​Regions Savings​ won’t do you any better in earnings as it also pays a rate of 0.01%. This account requires a minimum opening deposit of $50 and an average daily balance of $300. If your balance is below this, you’ll be charged a monthly low balance fee of $5. A Regions Savings account does not pay a savings bonus.

Rates

Regions Now Savings Account Details

Finally, there is the ​Regions Now Savings​ account, and this has an APY of—you guessed it—0.01%, but it’s a little more flexible than the last one. Requiring a minimum opening deposit of $10 and absent maintenance fees, this account is fairly easy to get. The only account opening requirement is that you have a ​Regions Now Card​, a reloadable Visa Prepaid Card.

Although you don’t ​need ​a Regions checking account to open a Now savings account, thissavings account also comes with a 1% annual savings bonus of up to $100 if you set upmonthly transfers from a checking account. And for every month that you make a deposit of atleast $5 into this and don’t make any withdrawals, you’ll get a $1 bonus. A Now savings accountis the only savings account mentioned so far that will always earn the same rate across allbalances.

Dividends on all Regions savings accounts are compounded daily and paid monthly. Excessive withdrawals outside of the federally-enforced limit of 6 will cost you $3 each.

Regions Bank Cds

Regions Bank Money Market Account Details

If you’re looking for an alternative or addition to these standard savings accounts, Regions Bank also offers ​Money Market Accounts​ and ​Premium Money Market Accounts​. Right now, MMAs are earning 0.09% nationally and 0.01% at Regions Bank. Be on the lookout for promotional rates, but this is it for now. The only thing that this account does that a savings account doesn’t is provide you with the ability to write checks.

You can open either type of MMA with a deposit of $100, but a Money Market Account requires a minimum average daily balance of only $2,500 to avoid a $12 monthly maintenance fee while the Premium MMA requires $15,000 or a LifeGreen Preferred checking account (an interest-bearing checking account with high balance requirements) to avoid a $15 monthly maintenance fee. Excessive withdrawal from a money market account will cost you $15 a piece.

Regions Bank Fee Schedule

Depending on which actions you to take with your Regions Bank account and how you move your money about, you may encounter fees from time to time.

Below is a complete list of potential fees and account limitations you may come across:

For exact rates being offered near you, you’ll need to search the ​Regions CD rate search tool​. But here’s what you can ​most likely ​expect:

Regions Bank CD Rates

As you can see, there are plenty of CD terms to choose from at Regions Bank but the rates offered are very low. To give the offers (above) a little more context, the national average for 12 month CDs sits at roughly 0.22% APY.

*There is also a promotional “relationship rate” of 0.55% APY on a special 63 month term.

Although it is a promotional rate and Region’s best offer, better rates can be found through online banks and credit unions for 60 month terms.

To qualify for this, you must open your account with at least $10,000 and have and maintain a Regions checking account. The good thing about this product is that the rate is fixed for as long as you continue to meet these requirements – so if rates continue to slide, this may be increasingly favorable.

A minimum deposit of $2,500 is required for terms of 7 – 89 days and a minimum deposit of$500 is required for all other terms.

Interest is compounded daily and paid monthly, quarterly, semi-annually, annually, or atmaturity, depending on your term. If a certificate is 1 year or more, interest is credited quarterlyback into it unless you’ve asked for these payments to be disbursed to another checking orsavings account in which case you may choose the disbursement frequency.

The grace period on a Regions Bank Time Deposit account is 10 days and early withdrawal fees will come with the following charges/fees:

  • For terms of 31 days or less, you will be charged all the interest your account would have earned;
  • for terms of 32 – 181 days, you will be charged 31 days’ interest;
  • for terms of 182 – 364 days, you will be charged 90 days’ interest;
  • and for terms of 365 or more, you will be charged 182 days’ interest.

When you bank with Regions, you’ll have access to over 1,900 ATMs in the bank’s cross-state service area and branches. There are around 1,400 branch locations in 15 states, and you can use the site’s ​locator​ to see if there’s an ATM or branch location near you. Keep in mind that Regions will not reimburse out-of-network ATM charges.

Regions Bank Cd Rates Certificate Of Deposit

Alabama

Regions Bank users are mostly content with what this institution brings to the table. Out of ​1,800 customer reviews left on WalletHub​, Regions Bank pulled 4 stars, suggesting that the bank might provide a better banking experience than it does opportunities for significant savings growth.

The app for this bank is well-liked on Google Play with a rating of 4.2 stars and hated on the App Store with a rating of 2.3 stars.

Regions Bank Cd Rates Nashville Tn

It should be noted that the recently-updated Regions Bank website is rather poor. Thoughmostly comprehensive, the site is difficult to use and makes tracking down informationexcessively tedious. You’ll need to perform individual searches for rates on all accounts in yourarea and even important information such as ACH transfer limits, which aren’t listed becausethey “may vary by account.” Both sending and receiving daily and rolling transfer limits aredetermined on an individual basis, so you won’t know what yours are until you contact supportat 1-800-472-2265 (the number for online banking support).

Regions Bank customer service can be reached in a variety of ways. The live chat feature on the bank’s website offers quick response times for simple questions, but a call to the customer service center at 1-800-734-4667 can also get you the help you need. If you have questions about Regions credit cards, mortgages, or loans, find the ​extension​ devoted to your inquiry topic. Tweet @askRegions to get support via social media or send a ​secure email through this form​.

Regions Bank is not going to be the best choice for most people. For one thing, not everyone is eligible to join, which automatically rules this out as a viable option for people in 35 states. For another, the institution’s products just don’t give you much to feel excited about. Regions Bank has many choices, but most of them—at least their deposit and savings accounts—just aren’t good and their rates are on par with the drab offerings of most big brick-and-mortar banks like Wells Fargo.

Regions Bank Cd Rates Shreveport Louisiana

When it comes to pure accessibility, Regions Bank does fine—members of this bank can visit abranch and/or enroll in online and mobile banking to service their accounts, which is nice for alot of people, and help is easy to get. But other than that, Regions Bank doesn’t have a wholelot to offer that many other banks don’t also have other than bonus loyalty rates and a(potentially) better-than-most banking experience.