Regions Bank CD Rates May 2024

Regions Bank offers a wide range of CD terms from seven days to 72 months. The bank’s regular CDs feature low standard and relationship rates, but it also offers a few promotional CD terms that earn high yields. Minimum deposit requirements range from $500 to $2,500, depending on CD term length. You must visit a Regions Bank branch to open a CD through the bank.

Here’s an overview of Regions Bank Certificates of Deposit and Regions Bank Relationship Certificates of Deposit rates. Annual percentage yields (APYs) and account details are accurate as of May 3, 2024.

CD Term	Standard Rates	Relationship Rates	Minimum Deposit
Less than 1 Month	0.01%	0.01%	$2,500
1-4 Months	0.01%	0.01%	Terms of 7-89 days: $2,500 Terms of 90 days or longer: $500
5 Months (Promotional)	4.75%	5.00%	$500
6-11 Months	0.01%	0.03%	$500
12-13 Months	0.01%	0.03%	$500
14 Months (Promotional)	4.00%	4.25%	$500
15-19 Months	0.01%	0.03%	$500
20 Months (Promotional)	3.50%	3.75%	$500
21-23 Months	0.01%	0.03%	$500
24-35 Months	0.01%	0.05%	$500
36-47 Months	0.01%	0.05%	$500
48-59 Months	0.01%	0.05%	$500
60-72 Months	0.01%	0.05%	$500

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Overview of Regions Bank CDs

Regions Bank CDs feature standard and relationship rates. To earn relationship rates, you must have a Regions Bank checking account in good standing and a CD term of at least 32 days or longer. The standard rate on all non-promotional CDs is 0.01% APY, while non-promotional relationship rates range from 0.01% to 0.05% APY. The bank offers three promotional CD terms of five, eight and 14 months, which earn higher rates than even some of the best online banks. Regions Bank Standard Promotional CDs earn slightly lower rates than Regions Bank Relationship Promotional CDs, but all promotional rates are considerably higher than the bank’s standard APYs.

Interest earned on Regions Bank CDs compounds daily. Customers can receive interest payments monthly, quarterly, semiannually or annually for CD terms of 366 days or longer. CD terms of 365 days or less receive interest payment at maturity.

Regions Bank CDs with terms of seven to 89 days require a $2,500 minimum opening deposit. CD terms of 90 days or more require a $500 minimum opening deposit.

Regions CDs renew automatically at maturity. The bank offers a grace period following maturity of one to ten days, depending on your CD term, during which you can add or withdraw funds or change CD terms without penalty.

Like most Banks, Regions Bank charges a penalty for withdrawing funds before the predetermined maturity date. On CD terms of 31 days or less, the bank charges an early withdrawal penalty equal to the calculated amount of interest the CD would’ve earned over the CD term. Early withdrawal penalties on CD terms longer than 31 days range from 31 days of interest to 182 days of interest, depending on the CD term.

Overview of First National Bank of America CDs
Minimum Deposit	$1,000
Term Lengths	7 days to 72 months
Compounding Schedule	Quarterly
Early Withdrawal Penalty	Terms less than 12 months: 90 days of simple interest Terms of 12 months to 23 months: 180 days of simple interest Terms of two years to 47 months: 360 days of simple interest Terms of four years to seven years: 540 days of simple interest
Grace Period for Early Withdrawals After Maturity	10 days

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How Much Can You Earn With Regions Bank’s CD Rates?

CDs are timed deposit accounts, which means you can calculate how much interest you’ll earn based on the CD term, interest rate and account balance.

Use the CD calculator below to determine how much you can earn on a Regions Bank CD.

How Regions Bank CDs Compare

Most Regions Bank CDs are not competitive with the best CD rates, with the exception of its promotional CDs. These CDs offer competitive standard rates and even higher relationship rates, and they have a relatively low minimum deposit requirement. In regards to Regions Bank’s regular CDs, both standard and relationship rates are far lower than the national averages reported by the FDIC.

About Regions Bank

Regions Bank is one of the nation’s largest consumer and commercial full-service banks. Located primarily in the South, Midwest and Texas, Regions Bank operates over 1,200 branches and more than 2,000 ATMs. You can apply online for select Regions checking and savings accounts, but other accounts, including CDs, require stopping in at one of its branch locations to open an account.

Frequently Asked Questions (FAQs)