APY Range
0.01%-~3.50% (Featured)
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). As of June 2026, Featured CDs paid ~3.50% on 7 and 11-month terms and Standard CDs 0.01-0.05%. Regions shows CD rates by ZIP code and relationship, so check regions.com or a branch for today’s rate. Branch density in the deep South is strong.
Rates change often. Get an email when they do. Figures in this article are kept for context, not as today’s rate; confirm with the bank or credit union before you decide. For reference (latest checks, September 2026): The best nationally available 5-year CDs paid 4.35% to 4.50% APY (DepositAccounts, September 24, 2026); and A-rated 5-year MYGAs topped out around 5.80% to 6.00% (AnnuityRateWatch carrier rate data, September 24, 2026). The Fed's target range is 3.75% to 4.00% (raised September 16, 2026, +0.25 point).Email me when rates change →
Hero stats · Regions Bank CDs
FDIC Cert #
12368
Bank Size
~13th-largest US bank ($155B assets)
Min Deposit
$500
EWP
90-365 days interest
As of
2026-06-27
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 4.50%, the top nationally available 5-year CD (DepositAccounts, September 24, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $118,826 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $7,310 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Regions Bank CD rates: full term ladder
Here’s the Regions Bank CD rate sheet we recorded on 2026-06-27 (not current):
| 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.
Rate alert
Rates expire like milk.
The best MYGA, CD and savings rates change every few weeks. Get a short email when a rate on this page changes.
We’ll email you when a rate on this page changes. Hans Goldstein · NPN 20602398.
Rather talk it through? Or book 15 minutes on Hans’s calendar.
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 to 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 to 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 online banks such as Marcus, Ally, and Synchrony can pay many times what branch-heavy banks pay on standard CDs. (Discover no longer opens CDs; its deposit business moved to Capital One.)
Better alternatives at higher APY
If branch access isn’t critical for you, online alternatives have typically paid materially more on the same FDIC-insured deposit (rates below are from our earlier reviews unless dated; check each bank):
- Marcus 1-Year CD: ~4.50%
- Ally 5-Year CD: ~4.00%
- Synchrony 5-Year CD: 4.35% (synchrony.com, 9/25/2026)
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-rated 5-year MYGAs paid about 5.80% to 6.00% on September 24, 2026 (AnnuityRateWatch). 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 did Regions CDs pay?
As of June 2026, Featured CDs paid ~3.15-3.50% on 7, 11, 14-month terms and Standard CDs 0.01-0.05%. Rates vary by ZIP code and relationship; check Regions for today’s rate.
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, a gap of ~$76K on $250K. The MYGA also defers tax on interest.
Related reading
- Best 5-Year CD Rates 2026: 30+ banks compared
- CD vs MYGA: which one fits your money?
- Best MYGA Rates 2026: current top carriers
- Why megabank CD rates are so low
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 to 500 basis points. On a $250K deposit over 5 years, that’s real money.
Send your details 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. We’ll email it to you.
Rather talk it through? Or book 15 minutes on Hans’s calendar, or call 213-414-2808.
Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
We’ll email it to you. Hans replies within one business day. 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.