CD Review Bank: Regions Bank Insurance: FDIC to $250K (Cert #12368) Last updated: 2026-06-27

Regions Bank CD Review (2026) — Southeast Regional CDs

Quick take: Regions Bank serves the Southeast US (AL, GA, FL, TN, MS, NC, SC and 8 other states). Featured CDs hit ~3.50% on 7 and 11-month terms; Standard CDs pay 0.01-0.05%. Branch density in the deep South is strong.

Hero stats · Regions Bank CDs

APY Range

0.01% – ~3.50% (Featured)

FDIC Cert #

12368

Bank Size

~13th-largest US bank ($155B assets)

Min Deposit

$500

EWP

90–365 days interest

As of

2026-06-27

Regions Bank CD rates — full term ladder

Here’s the current Regions Bank CD rate sheet across all standard and promotional terms as of 2026-06-27:

Term	APY
Featured 7-Month	3.50%
Featured 11-Month	3.35%
Featured 14-Month	3.15%
Standard 3-Month	0.01%
Standard 6-Month	0.01%
Standard 1-Year	0.05%
Standard 2-Year	0.05%
Standard 3-Year	0.05%
Standard 5-Year	0.05%

Rates as of 2026-06-27. Regions Bank re-prices based on Fed funds and competitive pressure. Confirm current rates on the bank’s site before opening.

Pros and cons

Pros

Strong Southeast branch coverage (~1,300 branches)
Low $500 minimum
FDIC-insured (Cert #12368)
Featured CD ~3.50% is OK for a regional
LifeGreen Checking integration is convenient

Cons

Standard rates at or below 0.05%
Featured rates limited to 3 short terms
Long-term CDs all near zero
Footprint missing entirely west of TX
No no-penalty CD option

Why this CD is so much lower than online competitors

Regions' ~1,300 branches concentrated in dense Southeast metros carry typical regional bank overhead.

The branch-overhead math

A megabank branch costs roughly $1–2M per year to operate (real estate, staffing, security, utilities, IT, compliance). Multiply across thousands of branches and the bank’s effective cost of deposits is 2–3% before paying you a dime. An online bank with zero branches can pass nearly that entire spread back to depositors as APY. That’s why Marcus, Ally, Synchrony, and Discover routinely pay 4.00–4.50% while megabanks pay 0.05%.

Better alternatives at higher APY

If branch access isn’t critical for you, these alternatives currently pay materially more on the same FDIC-insured deposit:

Marcus 1-Year CD — ~4.50%
Ally 5-Year CD — ~4.00%
Discover 5-Year CD — ~3.85%

For a 30+ bank comparison at the 5-year point, see Best 5-Year CD Rates 2026.

When a MYGA beats this CD

A Multi-Year Guaranteed Annuity (MYGA) is the insurance-industry equivalent of a CD: lock a fixed rate for a fixed term, principal-protected. The pricing gap vs. a megabank CD is dramatic.

Math at $250,000 over 5 years:

Regions 5-year Standard CD pays 0.05%. A 5-year MYGA pays ~5.50%. On $250,000:

Regions 5-Year CD @ 0.05%: $250,625 ending balance
5-Year MYGA @ 5.50%: $326,740 ending balance
Difference: $76,115 — in favor of the MYGA

MYGAs also defer tax on interest until withdrawal — CDs are taxed annually as ordinary income whether you touch the interest or not. The trade-off: MYGAs have a fixed surrender schedule (usually with 10%/yr free withdrawal); CDs have shorter penalty periods. For taxable retirement money you don’t plan to touch, the MYGA almost always wins. See CD vs MYGA Comparison.

FAQ — Regions Bank CDs

What's the current Regions CD rate?

Featured CDs pay ~3.15-3.50% on 7, 11, 14-month terms. Standard CDs pay 0.01-0.05%.

Is Regions Bank FDIC-insured?

Yes. Regions Bank is FDIC-insured (Cert #12368) to $250,000 per depositor, per ownership category.

Minimum deposit?

$500 for both Featured and Standard CDs.

Early withdrawal penalty?

90 days interest for under 12 months; 180 days for 12-23 months; 365 days for 24+ months.

Does Regions offer IRA CDs?

Yes.

Do I need a checking account for Featured rates?

Featured rates are generally open to all customers but require in-branch opening at most Regions locations.

Is a MYGA better than a Regions 5-year CD?

Yes — ~$76K gap on $250K. The MYGA also defers tax on interest.

Before you lock in — see what a MYGA pays at the same term

Hans Goldstein, independent licensed insurance producer.

If you’re looking at a Regions Bank CD, you should see what an A-rated MYGA pays for the same lock-up. The yield gap is often 100–500 basis points — on a $250K deposit over 5 years that’s real money.

Drop your info and you’ll get a written side-by-side: this CD vs. the top 3 MYGAs at the same term, with end-of-term math at your actual deposit amount. No pitch, no follow-up calls unless you ask.

Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers

By submitting, you agree to receive calls and texts from Hans Goldstein. Msg/data rates apply. Reply STOP to opt out. Privacy Policy.

Disclosure

This review reflects publicly posted bank rates and approximate APYs as of 2026-06-27. CD rates change frequently — confirm current rates directly with Regions Bank before opening an account. This article is general information for educational purposes; it is not a personalized recommendation, solicitation, or offer of any specific banking or insurance product. Regions Bank is FDIC-insured to the limits stated; coverage is per depositor, per ownership category. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated annuity carriers; he is NOT a bank employee, broker-dealer, or registered representative, and is not paid by Regions Bank for this review. No compensation has been received from Regions Bank in connection with this content. MYGA comparisons reference rates from A-rated carriers as of the date stated; carrier rates change monthly. Always read the actual CD disclosure or annuity contract before purchasing.