Regions Bank CD Rates and Review
Regions Bank, the first multi-bank holding company in Alabama, was originally formed in 1971 as First Alabama Bancshares Inc. With the combination of three well-respected banks, the holding company began operations with a total of $543 million in assets and 40 banking locations in Birmingham , Huntsville and Montgomery. Today they operate in 16 states across most of the southeast to midwest.
How Regions Bank got it’s roots…
Regions Financial Corporation traces its roots back to three Alabama-based banks who became original affiliates of First Alabama Bancshares, Inc., chartered in 1970 as the first multi-bank holding company in the state of Alabama. Those three banks are: the First National Bank of Huntsville, chartered in 1856, the First National Bank of Montgomery, opened in 1871, and the Exchange Security Bank of Birmingham.
Regions Bank’s Product Offerings:
Regions offers a wide array of products for personal, small business and commercial banking customers. Within the personal banking vertical they offer the full assortment of products – checking, savings, CDs, credit cards, mortgages, refi’s, auto loans, student loans, insurance and investing. They also intertwined these products with state of the art online banking technology – online bill pay, mobile banking, etc.
CD Rates available through Regions Bank:
Regions Bank’s CD rates epitomize the miserable state of the current consumer savings market. Their rates provide yields of next to nothing with maturities ranging from 2 months to 5 years. PLEASE NOTE – These rates may be outdated. Refer to the date of this article for accuracy. Visit BankVibe.com’s CD Rates page for updated rates.
| Term | Interest Rate | Annual Percentage Yield | ||||
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| 0-2 months | 0.05% | 0.05% | ||||
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| 3-5 months | 0.05% | 0.05% | ||||
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| 6-11 months | 0.05% | 0.05% | ||||
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| 12-17 months | 0.15% | 0.15% | ||||
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| 18-23 months | 0.15% | 0.15% | ||||
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| 24-29 months | 0.50% | 0.50% | ||||
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| 30-35 months | 0.50% | 0.50% | ||||
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| 36-47 months | 0.75% | 0.75% | ||||
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| 48-59 months | 0.99% | 0.99% | ||||
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| 60-72 months | 1.24% | 1.25% | ||||
CD Rate Terms and Conditions:
For standard Regular CDs with terms of 7-89 days, a $2,500 opening deposit is required. For standard Regular CD with terms longer than 90 days, a $500 opening deposit is required. Fees could reduce earnings on account. Substantial penalty for early withdrawal. Interest on CDs longer than 12 months must be paid at least annually.
Notice to customers opening CD accounts through Regions branches located in Tennessee or in Washington and Bristol Counties, VA; Crittenden County, AR; DeSoto County, MS; or Simpson County, KY: All rates disclosed above are Relationship Pricing rates and are available to customers who meet the following relationship requirements for the entire applicable term of the CD (in addition to any other stated requirements): (i) the CD term must be at least 32 days, (ii) the primary designated owner on the CD must be the primary or secondary designated owner on a Regions Bank checking account, and (iii) the checking account must be and remain open during the entire term of the CD. If you do not meet the Relationship Pricing requirements, or if you fail to meet any Relationship Pricing requirement at any time during the applicable CD term, your CD may earn standard pricing rates, which are not disclosed herein. Please refer to other account disclosures and documentation for details. Please call your branch for standard pricing rate information. Please note that IRA deposits, non-personal deposits, deposits by public entities, brokered deposits, and deposits by financial institutions are not eligible for Relationship Pricing.
Compare the above rates with other CD rates in Alabama.
