Regions Bank Money Market Rates December 2011

Regions Bank money market rates come with the flexibility of getting a higher rate of return on your money and at the same time, you have immediate access to your funds as and when you them. To help customers make use of this flexibility, many banks are offering money market account and one such bank is the Regions Bank.

The Regions Bank offers two kinds of money market accounts and they are the regular money market account and the platinum relationship money market account. The minimum opening required to open the regular account is $100 while for the platinum relationship, it is $15,000 and a Regions Bank checking account with direct deposit or a Regions checking account with a minimum daily balance of $2,500. The regular money market account comes with a monthly maintenance fee of $12 and this is waived when a minimum daily balance of $2,500 is maintained. For the relationship account, the fee is $15 and this is waived when a minimum daily balance of $15,000 is maintained or a LifeGreen Preferred Checking account is opened.

The Regions Bank money market rates are 0.02% APY for a balance of less than $2,500. For a balance of $2,500 or more, the Regions money market interest rates are 0.05% APY. The Regions money market rates for the platinum account are 0.05% APY for a balance of less than $5,000; 0.10% APY for a balance of $5,000 to $20,000; 0.20% APY for a balance of $20,000 to $30,000; 0.30% APY for a balance of $30,000 to $100,000 and 0.45% APY for a balance of $100,000 or more. These Regions interest rates are fairly competitive in the given market conditions.