Regions Bank savings account rates change regularly and vary by account type

Regions Bank does not publish a single savings account rate. The interest rate you earn depends on which savings product you open, how much you deposit, and current market conditions. Rates shift monthly or more often, so the rate advertised today may not be the rate you receive when you open an account next week.

The bank offers several savings products—basic savings accounts, money market accounts, and certificates of deposit (CDs)—each with its own rate structure. Some accounts tier their rates based on your balance: a higher balance earns a higher annual percentage yield (APY). Others offer a flat rate regardless of balance.

To find the current rate for a specific Regions account, you need to visit Regions.com, call a branch directly, or visit in person. Rates posted online are current as of the date shown, but they change without notice.

Key Takeaways

  • Regions Bank savings rates vary by account type and balance level, and they change regularly without advance notice.
  • Money market accounts typically pay higher rates than basic savings accounts, but require larger minimum deposits.
  • CDs lock your money for a set term (three months to five years) in exchange for a may provide rate that does not change.
  • The only way to know the current rate for your account type is to check Regions.com, call your local branch, or visit in person.

How Regions structures savings account rates

Regions offers a tiered rate system on most savings accounts. This means the more money you keep in the account, the higher your APY. For example, a basic savings account might pay 0.01% APY on balances under $2,500, then 0.02% APY on balances of $2,500 to $10,000, and a higher rate on balances above that. The exact tiers and rates change by account and by market.

Money market accounts typically pay higher rates than savings accounts but come with higher minimum balance requirements—often $2,500 to $10,000 to open. These accounts also limit how many withdrawals you can make per month without penalty.

If you want a may provide rate that will not change, Regions offers CDs in terms ranging from three months to five years. The rate is locked in when you open the CD and stays the same until maturity. Shorter-term CDs (three to six months) usually pay less than longer-term ones (two to five years).

Why Regions rates are lower than some online banks

Regions is a traditional bank with physical branches in multiple states. Online banks—those with no branches—typically pay higher savings rates because they have lower overhead costs. Regions' rates reflect the cost of maintaining branch locations, ATM networks, and in-person customer service.

If you prioritize the highest possible rate over branch access, online savings accounts and online money market accounts often pay two to ten times more than Regions. However, if you value the ability to walk into a branch, speak to a person, or deposit cash without a fee, the lower rate may be a trade-off you accept.

How to compare Regions rates to other banks

When comparing savings rates across banks, look at the APY, not just the interest rate. APY accounts for how often interest is compounded and gives you the true annual return. A bank that compounds interest daily will show a slightly higher APY than one that compounds monthly, even if the stated rate is the same.

Also check the minimum balance required to earn the advertised rate and whether there are monthly maintenance fees. Some banks waive fees if you maintain a certain balance or set up direct deposit. Regions may offer fee waivers or rate bonuses for new customers, but these promotions change frequently.

Use a rate comparison site to see current rates across multiple banks, but verify the Regions rate directly with the bank before opening an account. Comparison sites update periodically but may not reflect the most recent changes.

What happens to your rate if you already have a Regions savings account

If you opened a Regions savings account months or years ago, your current rate is almost certainly lower than the rate Regions advertises to new customers today. Banks typically offer promotional rates to attract new deposits but do not raise rates on existing accounts automatically.

You can call Regions and ask whether your account qualifies for a higher rate, but the bank is not required to match new-customer rates. Your other option is to close the account and open a new one to capture the current rate—though this resets any relationship perks or fee waivers you may have earned.

CD rates and terms at Regions

Regions CDs lock in a rate for a specific period. Common terms are three months, six months, one year, two years, three years, and five years. Longer terms generally pay higher rates because you are committing your money for a longer time.

If you withdraw money from a CD before it matures, Regions charges an early withdrawal penalty. The penalty amount depends on the CD term—longer CDs typically have larger penalties. The penalty is deducted from your principal, so you may lose some of your deposit.

When a CD matures, Regions gives you a grace period (usually seven to ten days) to decide what to do with the money. If you do nothing, the bank automatically renews the CD at the current rate for the same term. If you want to withdraw the money or move it elsewhere, you must act during the grace period.

Frequently Asked Questions

Where can I see Regions' current savings account rates?

Visit Regions.com and navigate to the savings or deposit products section. Rates are listed by account type and balance tier. You can also call your local Regions branch or visit in person to ask about current rates. Rates shown online are current as of the date posted but change without notice.

Do I earn interest on money in a Regions checking account?

Most Regions checking accounts pay little to no interest. Interest-bearing checking accounts exist but are rare and typically require very high minimum balances. If earning interest is important to you, open a savings account or money market account instead.

Can I move money between my Regions savings account and checking account without losing interest?

Yes. Transferring money between your own Regions accounts does not affect the interest rate on your savings account. However, federal rules limit how many withdrawals you can make from a savings account per month (usually six). Transfers between your own accounts may count toward this limit depending on how Regions classifies them.

What is the minimum deposit to open a Regions savings account?

Minimum opening deposits vary by account type. Basic savings accounts often require $100 to $500. Money market accounts typically require $2,500 or more. CDs may have different minimums by term. Check Regions.com or call your branch for the current minimum on the specific account you want to open.

If I have a large amount to deposit, will Regions pay me a higher rate?

Regions tiered rates reward higher balances within the same account, but there is usually a cap—balances above a certain threshold earn the same rate. For very large deposits, ask a Regions banker whether the bank offers special rates or products not advertised to the general public.