Regions Bank Review: Account Options for Every Need
Written by
Cynthia Bowman
Edited by
Joe Evans
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Quick Take:Â Regions Bank is a good option for those in the South, Midwest and Texas who are looking for a one-stop financial institution. In the 15 states it serves, it offers plentiful branch access. However, it's not the bank for those seeking low fees and high yields. The following Regions Bank review will cover categories such as account types, competitors and more.
Pros
- Plentiful branch access across 15 states
- Multiple account options available
- Certain deposits available same-day
Cons
- Most banking accounts carry fees that require balances or activities to avoid
- Rates are low, particularly on CDs
Regions Bank Overview
Regions Bank is a large regional bank serving customers across the Southern and Midwestern United States. Known for its extensive branch network and broad product lineup, Regions focuses on full-service banking and accessibility rather than offering the highest deposit rates.
This review covers Regions Bank’s checking, savings, money market and CD offerings, who the bank is best suited for and where it may fall short for yield-focused savers.
Regions Bank at a Glance
| Category | Details |
|---|---|
| Founded | 1971 |
| Headquarters | Birmingham, Alabama |
| Branch footprint | Multi-state regional |
| Banking model | Full-service regional bank |
| Deposit insurance | FDIC |
Key Features
The following Regions Bank review will look into why the bank received a 4.7 out of 5 stars in the GOBankingRates study.
APYs
Regions Bank’s interest rates aren’t its strongest feature. The Preferred Checking Account gives you the option to earn APY on your funds. The same goes for the savings and money market accounts. CDs pay somewhat better, going up to APY for a 5-month relationship CD, but they also require a longer commitment.
Ease Of Use
Regions Bank offers approximately 1,500 branch locations and about 2,000 ATMs. Branches are available throughout the South, Midwest and Texas. If you’re not near a branch, online and mobile account access is available with features such as account management, bill pay, Zelle, remote check deposit and Regions Now Card® reloads.
Savings Accounts
Regions Bank offers traditional savings accounts designed for liquidity and account integration.
Current Savings APY:
- Typically well under 1% APY, depending on balance tier and market
What to Know:
- Rates are conservative compared with broader market options
- Monthly maintenance fees may apply unless balance or relationship requirements are met
- Best suited for customers maintaining checking or lending relationships with Regions
Savings accounts prioritize access and simplicity, not yield maximization.
Money Market Accounts
Regions Bank provides money market accounts that offer slightly higher yields than basic savings, with tiered balances.
Current Money Market APY:
- Generally below 1% APY, with higher balances earning modestly more
Key Features:
- Tiered interest structure
- FDIC insurance within applicable limits
- Limited monthly withdrawals, consistent with money market rules
While these accounts can work for short-term cash within a Regions relationship, they typically lag the most competitive money market options available nationally.
Certificates of Deposit (CDs)
Regions Bank offers CDs across a range of terms, from short-term to multi-year maturities.
Current CD APY Ranges:
- Short-term CDs: usually below 2% APY
- Mid-term CDs: modestly higher depending on term
- Long-term CDs: generally the highest yields offered by the bank, though still conservative
Important Considerations:
- Early withdrawal penalties apply
- Promotional CD rates may be available periodically
- Rates vary by term length and market
CDs may appeal to customers seeking predictable returns without moving funds outside Regions.
Checking Accounts
Regions Bank offers multiple checking options for individuals and businesses.
Common Features Include:
- Extensive branch and ATM access
- Online and mobile banking tools
- Overdraft services and account alerts
- Options tailored to students, seniors and businesses
Checking accounts integrate easily with Regions’ savings, credit and loan products.
Customer Service
You can reach Regions Bank customer service at 800-734-4667 or visit one of the 1,500 branch locations throughout the South, Midwest and Texas.
Additionally, you can use the mobile app to conduct your banking needs and reach out to support. The app has earned 4.8 out of 5 stars in the Apple App Store and 4.7 out of 5 stars in the Google Play Store, which bodes well for a positive experience when working with the bank.
How Regions Stands Out
The undeniable strength of Regions Bank is its broad and diverse product line. Regions Bank offers a full suite of financial accounts and services, making it a potential one-stop shop for customers in its service area.
Regions Bank vs. Competition
Regions Bank is regional but offers a product line that goes toe-to-toe with national competitors. Here’s how Regions Bank stacks up against some of the most well-known names in American banking.
Regions Bank vs. Bank of America
Although Regions Bank offers access to financial advisors, Bank of America, Member FDIC’s Merrill Lynch subsidiary is one of the most well-known advisory firms in the world. You can choose to work with a professional advisor or manage your own account through the Merrill Edge program, which offers no-commission trading. Regions Bank offers two types of money market accounts and six different checking accounts, which is a wider array than what Bank of America offers.
Regions Bank vs. Chase Bank
Chase has the edge over Regions when it comes to the reach of its branch network, which includes 4,700 offices spread out throughout the country. The bank also offers a wide range of rewards credit cards with tie-ins with major partners like Southwest Airlines and Marriott. Regions bank offers incentives like an annual savings bonus and checking account rewards, while Chase does not.Â
Regions Bank vs. Wells Fargo
Wells Fargo has slightly lower fees on its banking accounts and also offers a robust rewards program. Regions Bank has a broader product array than what’s available at Wells Fargo.
How To Apply
You can open Regions Bank checking and savings accounts online, in addition to the basic money market account. For other types of accounts, such as CDs, IRAs or the Premium Money Market, you’ll have to visit a branch.
Regardless of the method you choose, come prepared to provide some personal details like your Social Security number, address, funding account information and more.
Who Regions Bank Is Best For
Best fit
- Customers who value branch access and in-person support
- Households keeping checking, savings and loans at one bank
- Small businesses needing regional banking support
Less Ideal
- Large idle balances seeking aggressive interest growth
- Rate-focused savers chasing top APYs
- Digital-first users comfortable with online-only banks
Overall Banking Experience
Regions Bank delivers a traditional, full-service banking experience backed by a large regional footprint. Its digital tools support everyday banking needs, while branches remain central to customer support and relationship management.
The trade-off for this accessibility is typically lower deposit yields compared with the most competitive options in the broader market.
Final Take to GO
Regions Bank is best suited for customers who prioritize convenience, branch access and comprehensive banking services over maximizing interest rates. While its savings, money market and CD rates tend to be modest, the bank’s strength lies in accessibility, stability and a wide product offering.
For savers focused primarily on yield, Regions may not be the most compelling choice. For customers who want everything under one roof with strong regional support, it remains a dependable option.
Regions Bank FAQ
Here are answers to some of Region Bank's more commonly asked questions.- Is Regions Bank FDIC-insured?
- Yes. Deposits are insured by the FDIC up to applicable limits.
- Does Regions Bank offer high-yield savings accounts?
- No. Savings and money market rates are generally conservative and not positioned as high-yield products.
- Are Regions Bank CDs competitive?
- CDs can provide predictable returns, but rates are typically lower than top market offerings.
- Is Regions Bank good for everyday checking?
- Yes. Regions is well known for accessible checking options and a large branch network.
- Who should consider banking elsewhere?
- Savers focused on maximizing APYs or managing money entirely online may prefer other options.
Sarah Sharkey and John Csiszar contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Jan. 5, 2026.
Editorial Note: This content is not provided by Regions Bank. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Regions Bank.
