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  Regions Bank Money Market Account

Regions Bank Money Market Account

in Money Market Accounts from Regions Bank · fdic

Unaffiliated

Regions Bank Money Market Account

Unaffiliated

in Money Market Accounts from Regions Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance $0
Minimum Opening Deposit Starting at $100

Regions Bank Money Market Account Review

Regions Bank Money Market Account is offered by Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Regions Bank Money Market Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01.
  • No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
  • Charges a monthly fee. This account charges a monthly service fee of up to $12, but the fee is waived if you keep a minimum balance of $2,500.
  • Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of Regions Bank Money Market Account
Pros Cons
  • Available in all 50 states.
  • Does not offer mobile check deposits.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Monthly service charge.
Regions Bank Money Market Account FAQ

Are money market accounts from Regions Bank federally insured?

Yes, your Regions Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Regions money market account rates?

Regions Bank Money Market Account Rates and Terms
Rates Amount
APY 0.01%

Regions money market account offers an APY of up to 0.01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0.

What are the fees for Regions Bank Money Market Account?

This account charges a monthly maintenance fee of up to $12. You can avoid this fee by maintaining a balance of $2,500.

Regions Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Regions Bank Money Market Account Fees
Fees Amount
Monthly Fee up to $12
Paper Statement Fee N/A
Excess Transaction Fee $15

What is the minimum balance for Regions money market account?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

What features and perks does Regions money market account offer?

This account includes the following features:

  • Fraud monitoring - Regions Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Regions money market account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (800) 734-4667.

What is the support contact email?

The support contact email for this business credit card is askRegions@regions.com.

How to open an account with Regions Bank

  • Visit the Regions Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee Starting at $2,500
Minimum Opening Deposit Starting at $100
Monthly Fee $0 - $12
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.01%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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