On This Page
On This Page
- At a glance
- Overall
- Regions bank products
- Bank fees
- About Regions Bank
- Customer experience
- Review Methodology
At a glance
3.5
Rating: 3.5 stars out of 5
Bankrate Score
CDs
Rating: 4.3 stars out of 5
Checking
Rating: 3.8 stars out of 5
Savings
Rating: 2.3 stars out of 5
MMA
Rating: 2.2 stars out of 5
About Bankrate Score
Overview
Regions Bank could be a good option for customers living in the South, Midwest or Texas, who value getting rewarded for bank loyalty. However, savers seeking high APYs may want to shop elsewhere.
Highlights
- Reward Checking
- Highly Rated App
Compare offers
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.30
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 4/18/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$1
Min. balance for APY
Promoted offer:
American Express
Member FDIC
Savings Account Details
4.30
%
APY
$1
Min balance for APY
Offer rate as of4/18/2024
Interest rate4.21%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
4.35
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 4/18/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer:
Barclays
Member FDIC
Savings Account Details
4.35
%
APY
$0
Min balance for APY
Offer rate as of4/18/2024
Interest rate4.35%
Minimum to avoid fees$0
Monthly fees$0
Check writingYes
Member FDIC
CD
5.05
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 4/18/2024
Rating: 4.7 stars out of 5
Bankrate CD rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate CD rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Minimum deposit
Promoted offer:
BMO Alto
Member FDIC
CD Details
Offer rate as of4/18/2024
Minimum deposit$0
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
4.30
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 4/18/2024
$1
Min. balance for APY
Promoted offer
American Express
Member FDIC
Savings Account Details
4.30
%
APY
$1
Min balance for APY
Offer rate as of4/18/2024
Interest rate4.21%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Savings Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
4.35
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 4/18/2024
$0
Min. balance for APY
Promoted offer
Barclays
Member FDIC
Savings Account Details
4.35
%
APY
$0
Min balance for APY
Offer rate as of4/18/2024
Interest rate4.35%
Minimum to avoid fees$0
Monthly fees$0
Check writingYes
Member FDIC
CD
4.7
Rating: 4.7 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
5.05
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 4/18/2024
$0
Minimum deposit
Promoted offer
BMO Alto
Member FDIC
CD Details
5.05
%
APY
$0
Min. deposit
1yr
Term
Offer rate as of4/18/2024
Minimum deposit$0
Member FDIC
CD
4.3
Rating: 4.3 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
5.15
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 4/18/2024
$2,500
Minimum deposit
Promoted offer: Earn more - guaranteed returns & competitive rates. Member FDIC.
LendingClub
Member FDIC
CD Details
5.15
%
APY
$2500
Min. deposit
1yr
Term
Earn more - guaranteed returns & competitive rates. Member FDIC.
Banking services provided by Coastal Community Bank, Member FDIC
Checking Account
0.0
Rating: 0 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
5.00
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 4/18/2024
$0
Min. balance for APY
One
Banking services provided by Coastal Community Bank, Member FDIC
Checking Account Details
5.00
%
APY
$0
To open
$0
To avoid fees
Offer rate as of4/18/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$3
Has online accessYes
Overall
Serving residents throughout the Southern and Midwestern U.S., Regions Bank offers all types of deposit accounts, and customers get rewarded for loyalty, such as by earning a higher CD rate when they have a checking account with the bank. The rates on Regions Bank’s products are low overall, though. There are also high minimum balance requirements to waive the monthly fee on money market and checking accounts.
Pros
Customers get rewarded for having multiple types of accounts with Regions Bank.
With a savings, money market or checking account, customers get up to a 40 percent discount on a safe deposit box rental.
The Regions Debit card earns cash back rewards.
Cons
APYs are below average.
The money market and checking accounts have high minimum balance requirements to avoid their monthly fees.
The savings account only allows for three free withdrawals per month.
Branch service is limited to the South, Midwest and Texas.
Regions banking products
2.3
Rating: 2.3 stars out of 5
Bankrate Score
Compare top savings rates
FEATURES
Regions savings overview
The Regions Savings account requires at least $50 to open and $300, averaged daily, to avoid the monthly maintenance fee. Otherwise, there’s a $5 monthly fee. The APY on the account is below average.
Customers with the savings account get up to a 40 percent discount on a safe deposit box rental. They can also link the account to a Regions checking account to serve as overdraft protection. Only three withdrawals per month can be made for free from the savings account; after that, there’s a $3 fee per transaction.
Three alternative savings accounts are offered. Regions LifeGreen Savings is only available to those with a Regions checking account and has no monthly fee. Regions Now Savings is for those with a Regions Now Card and earns annual bonuses. Finally, there’s a savings account for minors with no monthly fee or minimum balance requirement.
Pros
Only $50 is needed to open the Regions Savings account.
Account holders get up to a 40 percent discount on a safe deposit box rental.
Cons
If a $300 daily balance isn’t maintained, there’s a $5 monthly fee.
Withdrawals in excess of three per month cost $3 each. Most banks allow for at least six free transactions from savings accounts.
The APY is low.
-
See how rates for this account have changed over time.Interact with the trend lines to view APY by date.
Regions
APY
APY
National average APY
How do we get this data?
Regions savings rates
Date
Regions
APY
APY
National average APY
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.30
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 4/18/2024
Rating: 4.9 stars out of 5
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$1
Min balance for APY
American Express
Member FDIC
Savings Account Details
4.30
%
APY
$1
Min balance for APY
Offer rate as of4/18/2024
Interest rate4.21%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Promoted offer:
4.3
Rating: 4.3 stars out of 5
Bankrate Score
Compare top CD rates
FEATURES
Regions CD overview
Regions Bank offers CDs with terms ranging from just a week up to six years. For CD terms of under 90 days, the minimum deposit to open is $2,500; over 90 days, only $500 is required.
Rates on most of Regions Bank’s CDs are low — below the national average. However, three promotional rates are offered as of this review, on terms of five, eight and 14 months. These promotional rates are much more competitive.
There is an opportunity to earn a higher rate called the Relationship Pricing interest rate. This rate is available to customers who have a checking account with the bank on terms of over 32 days.
Pros
Only $500 is needed to open CDs with terms of over 90 days.
Customers with a Regions Bank checking account can earn a higher APY.
Three promotional terms are offered with competitive rates.
A wide selection of terms is available.
Cons
Rates for most terms are below average.
Shorter CD terms require $2,500 to open.
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
CD
5.05
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 4/18/2024
Rating: 4.7 stars out of 5
Bankrate CD rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. deposit
1yr
Term
BMO Alto
Member FDIC
CD Details
5.05
%
APY
$0
Min. deposit
1yr
Term
Offer rate as of4/18/2024
Minimum deposit$0
Promoted offer:
2.2
Rating: 2.2 stars out of 5
Bankrate Score
Compare top money market rates
Regions money market overview
Regions Bank’s Money Market account comes with check-writing privileges and six free transactions per month, but it earns minimal interest. More than six withdrawals a month will cost you a lofty $15 per transaction.
Only $100 is needed to open the account, but the minimum balance to avoid the $12 monthly fee is high at $2,500.
Like the savings account, Regions’ Money Market account can be linked to a checking account for overdraft protection, and account holders get up to a 40 percent discount on a safe deposit box rental.
Pros
Customers get up to a 40 percent off a safe deposit box rental.
The account comes with check-writing privileges.
Cons
To avoid the monthly fee, account holders need a daily average balance of at least $2,500.
The $15 fee that applies to transactions in excess of six per month is high.
The APY is far below average.
3.8
Rating: 3.8 stars out of 5
Bankrate Score
Compare top checking rates
Regions checking overview
The LifeGreen Checking account offered by Regions Bank is a non-interest-bearing account that customers can open with $50. There’s an $11 monthly fee — discounted by $3 when you opt out of paper statements. However, this fee is waived with an average monthly balance of at least $1,500 or with recurring direct deposits of at least $500 into the account. Additionally, two out-of-network ATM fees are reimbursed for service members. The out-of-network ATM fee is $3 otherwise.
Customers get a Regions Visa debit card with the account that can earn cash back rewards.
While the overdraft fee is $36, which is above average, there’s no fee for linking a savings or money market account to cover overdrawn amounts.
Customers can earn a 1 percent annual savings bonus when they set up automated transfers of at least $10, for at least 10 months of the year, to the LifeGreen Savings account. The maximum bonus amount is $100. Also, account holders get up to a 40 percent discount on a safe deposit box rental.
Pros
The monthly fee can be waived by meeting certain criteria, including having at least $500 in recurring direct deposits.
The debit card that comes with the LifeGreen Checking account earns cash back rewards.
Customers have the opportunity to earn a 1 percent annual savings bonus.
Military service members get two out-of-network ATM surcharges reimbursed per month.
Cons
The $11 monthly fee is high, and there’s a high minimum balance requirement to waive it, if other criteria aren’t met.
The $36 overdraft fee is higher than average.
The $3 out-of-network ATM fee is nearly double the national average.
Compare Offer
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Banking services provided by Coastal Community Bank, Member FDIC
Checking Account
5.00
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 4/18/2024
$0
To open
$0
To avoid fees
One
Banking services provided by Coastal Community Bank, Member FDIC
Checking Account Details
5.00
%
APY
$0
To open
$0
To avoid fees
Offer rate as of4/18/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$3
Has online accessYes
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $36 |
| Account maintenance fees (if requirements aren’t met) | $5 for savings; $12 for money market; $11 for checking |
| Out-of-network ATM fee | $3 |
| Excessive transaction fee | $5 for savings; $15 for money market |
| Stop payment | $36 |
About Regions Bank
Regions Bank is headquartered in Birmingham, Alabama, and serves customers across the South, Midwest and Texas. The bank offers services online and at around 1,300 branch locations.
There are a variety of consumer deposits products available through the bank, plus credit cards, small business resources and wealth management services.
Customer experience
Branch and ATM network. Banking hours vary by location, though the bank’s headquarters are open 9 a.m. to 4 p.m. CT Monday through Thursday, 9 a.m. to 5 p.m. CT on Friday and closed on the weekend. Regions has its own fee-free ATM network throughout the South, but it’s not part of any other ATM networks.
Customer service. Customers can reach out to Regions Bank’s virtual assistant, Reggie, which is available 24/7. Reggie can answer basic questions, make changes to accounts and connect customers with a banker. Customers can also contact a phone service line or connect with the bank via one of its social media accounts.
Highly rated app. The bank’s mobile app has positive ratings on Google Play and the Apple app store.
Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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