Regions Bank CD Rates and Review

June 23, 2010 No Comments »

Regions Bank based out of Alabama was originally established in 1928 and today has grown to become the single largest bank in the state in regards to asset size as well as the 15 largest banking institution in the country.

As with most older, asset-heavy banks Regions Bank has changed it’s name throughout the course of it’s history through several mergers and acquisitions along the way. They originally formed as a single holding company managing three separate banks.

In 1971 when they were recognized by the First Alabama Bankshares Inc. they had total assets of $543 million and 40 banking locations – all of which were in Alabama. Today they operate in 16 states throughout the South and MidWest. They have assets totaling $125 billion and they control almost $100 billion in consumer deposits while servicing $75 billion in loans.

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.

Related: Read reviews of Regions Bank mortgages and home loans.

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 PLEASE NOTE – These rates may be outdated.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.

RATES
Term Interest Rate Annual Percentage Yield

0-2 months 0.05% 0.05%

3-5 months 0.05% 0.05%

6-11 months 0.05% 0.05%

12-17 months 0.15% 0.15%

18-23 months 0.15% 0.15%

24-29 months 0.50% 0.50%

30-35 months 0.50% 0.50%

36-47 months 0.75% 0.75%

48-59 months 0.99% 0.99%

60-72 months 1.24% 1.25%

 

Compare the above rates with other CD rates in Alabama.

Regions Bank and Federal Bail Out:

Regions Bank was a recipient of TARP funding. However, of the $3.5 billion they received from the federal government amidst the bank collapse of 2008, they have since repaid all of it as of April of 2012, and are no longer apart of the ‘crisis-era program.’

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