![]() This means that if you don’t take any action to withdraw or transfer that money, the account will renew for the same term length at the market rate at the time of renewal. Once you have a CD, you can be assured that it is eligible for automatic renewal. You’ll need to make an in-person appointment at a branch to open a Promotional account anyway. To learn about the Standard Pricing rates in your area, you’ll need to call or visit the bank to speak with a customer service representative. Without the checking account, you’ll earn Standard Pricing rates. The rates listed on the bank’s website represent these Relationship Rates. While it’s not required, if you also have a Regions checking account you can snag Relationship Pricing rates with your CD. You’ll have to check with the bank to determine whether the promotional rates are available at the time you want to open an account. Standard Pricing Rates: Call the bank to find out the rates in your area.Ī Regions Promotional CD offers just that: promotional rates that are only available for a limited time. ![]() No monthly fees, but you’ll face a penalty fee for early withdrawal. You will have to visit a bank branch to open a Regions Savings for Minors account.Ĭertificates of Deposit (CDs): Promotional CD Key Features Plus in today’s technology age, you and your child can bank wherever and whenever with Text Banking and the bank’s mobile app. With online and mobile banking, they can easily set up automatic transfers and watch their money grow, learning good savings habits along the way. This account is geared toward customers under the age of 18, allowing you to help a child learn more about money and saving. Savings Account: Savings for Minors Key Features That could help with automatic transfers and overdraft protection. You don’t have to link a checking account, but you do still have the option to do so. You can set up automatic transfers to make the requirement more achievable. There is a low monthly fee of $5, but if you want to avoid that small charge, you can maintain a minimum daily balance of at least $300. The Regions Savings account offers a more standard approach to savings. These transfers will earn the 1% savings bonus. You can snag this bonus by making a monthly automatic transfer of at least $10 from your Regions checking account to your LifeGreen Savings account for the first 12 months of account ownership. This account also offers the opportunity to earn a 1% annual savings bonus up to $100. This requirement equals either $50 if you open online or $5 if you open the account at a branch and set up an automatic recurring monthly transfer from your Regions checking account. You will, however, have to own a Regions checking account to open a LifeGreen Savings account and meet a minimum opening deposit requirement. With a Regions LifeGreen Savings account, you can avoid a monthly maintenance fee and a minimum balance requirement. Additionally, the Regions LifeGreen Savings account offers some added perks when compared to the simpler Regions Savings account. They also offer overdraft protection and discounts on a safe deposit box. These two savings accounts earn at the same low interest rate. Rates based on the bank’s headquarters zip code, 35203 Regions LifeGreen Savings: $50 online, or $5 in branch with an automatic recurring monthly transfer from Regions checkingįDIC insurance up to the maximum amount allowed by law.Can be opened as traditional or Roth (except the 18 Month Variable Rate IRA)Ĭompare Regions Bank to Other Competitive Offers Regions LifeGreen Savings and Regions Savings Accounts Key Features.Three account options, mirroring CDs and Money Market Accounts.Six account options including specialized accounts for students and retirees.Two account options, including a Promotional CD.Three account options including a Savings for Minors account.Read on below to explore Regions' many offerings. If you want accounts with the highest rates and no monthly fees, you’ll want to look somewhere else. ![]() Most accounts detailed below offer the lowest rate, with only a Promotional CD account offering competitive numbers. However, Regions Bank offers some of the lowest interest rates in the industry. If you are eligible, you’ll have your choice of a number of bank accounts from a simple savings account to a CD IRA. If you do not reside in these areas, you won’t be able to open a Regions Bank account. Regions Bank and its account offerings are limited to customers in the 15 following Southern and Midwestern states: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Texas.
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