Regions Bank CD Rates
Regions Bank was started in 1928. They will be found in Birmingham, Al. Regions Bank is about $138 Billion Dollars in assets. I can’t even fathom that. The bank’s original name was Exchange-security Bank. Truly Intersting given the times when they were started. They employ over 23,000 people so they may not be making loans, but they are contributing to the economy. They have a extensive $975MM loss. Ouch!
Their E/A ratio is 11.5%, and their Total Risk based capital is 13.65%. Regardless of their losses, Regions Bank has a 3-star rating from Bauer. The high E/A ratio is probably a big part of that. The Regions Bank Certificate of Deposit interest rates do not seem to match their rating though. They have a 6-month CD at 0.45%. The top rate they have is a 5-year Certificate of Deposit at 2.00% and that is a huge percent lower than most banks around the country. If you are looking for high yielding accounts look further than Regions Bank. You might check out CD Rates for Chase Bank
The rates for IRAs are the same. Even more depressing is that the above current interest rates are for their relationship banking. They don’t apparently handle SEP or SIMPLE IRAs. The Regions Bank savings rate is pitiful at 0.25%. And that is if you have $50,000 or more. There are much higher yielding savings accouts and checking accounts elsewhere. Unless you have your heart set on Regions, look elsewhere. Are you looking for MA CD Rates or Jumbo CD Rates?
