Regions Bank CD rates

Regions Bank is based in Alabama and it caters to people located in the southern parts of the United States. It offers many products and services to its customers including certificate of deposits, mortgage, savings account and checking accounts. Each of these product comes with convenient and flexible features and the Regions Bank rates on these products are competitive in the current market conditions.

To open a CD with Regions Bank, you need a minimum amount for $500 and the term should be for a minimum period of 90 days. You can also opt for a term between 7 to 89 days provided the minimum opening amount is $2500 or higher. The main advantage is that the interest is compounded daily and this can result in higher earnings by way of interest. The CD can be automatically renewed after the end of the term period. The interest earned on the CD can be transferred to a savings or checking account of Regions Bank periodically. Another feature is the online banking option that comes with all CDs.

The current Regions Bank CD rates for a period of up to 11 months is 0.05% APY. The Regions CD rates for a period of 12 to 17 months are 0.15% APY while for a period of 18 to 23 months, the rates are 0.35% APY. Regions certificate of deposit rates are 0.50% APY for a period of 24 to 35 months and 0.60% APY for 36 to 47 months. Regions Bank CD rates are 0.99% APY for a period of 49 to 59 months and 1.25% APY for a term of 60 to 72 months respectively. These rates are attractive and along with the convenient features, it is a good way to invest your money.