Regions Bank Money Market Rates Review

It’s time to look at Regions Bank money market rates again, as we here at Bank Rate Reviews work to keep you up-to-date on the latest information.

Regions Bank money market rates are offered for a multitude of investment options. Basic money accounts start with a minimum investment of $100 and a monthly fee of $10. Monthly fees are applicable on this account until investors are able to raise their investment to $2,500 or more. Regions interest rates vary by location and geographic region of the United States.

Regions money market interest rates for an investment of less than $2,500 are estimated at 0.05%. These rates are as of December 31, 2009 and are subject to change depending on market conditions. Investments that are greater than $2,500 will yield an interest rate of 0.10% and have the same APY. These rates are compounded daily and paid monthly on collected balances.

Regions money market rates for investments greater than $10,000 and less than $25,000 will return an APY and interest rate of 0.15%.

Investments greater than $25,000 and less than $49,999 will return an APY and interest rate of 0.20%. Investments greater than $50,000 offer the highest interest rates of 0.25%.

Regions Bank also offers Platinum Relationship accounts under its money market investment option. Customers need a checking account with Regions Bank and a minimum balance of $15,000. Higher interest rates start from an investment of $20,000 and higher. An investment of $20,000 to $29,999 will yield an interest rate of 1.49% and APY of 1.50%. Interest rates remain the same for lager investments as well. Standard banking practices are applied on money market accounts.

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