bank rates

Regions Bank CD Rates: Just 1 To Consider

Regions Bank logoIf you’re a customer at Regions Bank, there’s just one certificate of deposit you should consider.

And you should purchase even that one for no other reason than you’re already a customer and it’s a convenient option.

That’s because, if you’re shopping for the best CD rates, you should avoid this bank, which serves 16 states across the South and Midwest.

Its best offer is on its special 58-month CD, which pays 1.01% APY.

You must have a checking account with at least $10,000 on deposit with this bank to qualify for this CD.

The 58-month deal pays significantly more than the average 60-month certificate, which yields a record-low 0.79% APY, according to our most recent nationwide survey.

Still, this offer is more than three-quarters of a point worse than the top nationally available 5-year CD on our CD Rates Leaderboard.

As for the standard-term CDs, forget them.

You must enter your ZIP code on the bank’s website to get a list of rates (

We searched one city in each of the states Regions serves and found all of the rates to be pathetically identical:

  • 0.05% APY for 6-month CDs versus an average rate of 0.16% APY. (Leaderboard rate is 0.88% APY.)
  • 0.10% APY for 12-month CDs versus an average rate of 0.25% APY. (Leaderboard rate is 1.05% APY.)
  • 0.20% APY for 24-month CDs versus an average rate of 0.39% APY. (Leaderboard rate is 1.30% APY.)
  • 0.30% APY for 36-month CDs versus an average rate of 0.49% APY. (Leaderboard rate is 1.41% APY.)

Regions, based in Birmingham, Ala., requires a minimum deposit of $500.

Compare Region’s returns with the best CD rates from scores of other banks in our extensive database.

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Comments (1)
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One Existing Comment
  1. Mojave said:
    on April 30th at 05:37 am

    “Just 1 To Consider”? Just NONE To Consider would have been more appropriate.