What is the interest rate on a Regions money market account?

0.01%
Regions Bank Money Market Rates

What is the minimum balance for a Regions money market account?

Balance Required to Open $15,000 AND a Regions checking account with a minimum daily balance of $2,500.

What is Regions money market rate?

The basic Regions Money Market account includes most of the functions customers expect in a money market, including check writing and interest. However, the APY is a meager 0.01%, and the monthly fee of $12 can only be avoided by keeping at least $2,500 in the account.

Are regions money market accounts FDIC insured?

Yes. Your deposit at Regions Bank is insured by the FDIC, and each depositor is insured to at least $250,000, as established by law.

Can you lose money in a money market account?

A money market account is a savings account with some checking features. Money market accounts are insured by the Federal Deposit Insurance Corp. (at banks) and the National Credit Union Administration (at credit unions), so you won’t lose your deposits even if the financial institution goes out of business.

Which bank has the best money market rate?

Here are the best money market account rates:

• CIT Bank, APY: 0.45%, Minimum balance to open account: $100.
• TIAA Bank, APY: 0.40%, Minimum balance to open account: $500.
• Synchrony Bank, APY: 0.35%, Minimum balance to open account: $0.
• Discover Bank, APY: up to 0.35%, Minimum balance to open account: $2,500.

Is Regions a good bank?

Overall bank rating The bottom line: Regions Bank is a full-service regional institution that offers a few features many other banks don’t, such as an annual 1% savings account bonus and a checking account rewards program.

What is the difference between a money market and a savings account?

Like savings accounts, money market accounts are bank accounts where you can deposit money and earn interest. Unlike savings accounts, the funds you deposit are invested into financial markets. Your funds will also earn more interest than they would in a savings account.

Should I put my money in a money market account?

That’s because they can invest in low-risk, stable funds like Treasury bonds (T-bonds) and typically pay higher rates of interest than a savings account. While the returns may not be not much, money market accounts are still a pretty good choice during times of uncertainty.

Can money market account lose money?

Money market accounts are insured by the Federal Deposit Insurance Corp. (at banks) and the National Credit Union Administration (at credit unions), so you won’t lose your deposits even if the financial institution goes out of business.

How much interest does 10000 earn a year?

How much interest can you earn on $10,000? In a savings account earning 0.01%, your balance after a year would be $10,001. Put that $10,000 in a high-yield savings account for the same amount of time, and you’ll earn about $50.

Where can I find a Regions Bank money market account?

Thanks for your vote! 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 15 states across the USA. Are money market accounts from Regions Bank federally insured?

Where can I get a money market account?

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 offered in 15 states across the USA.

How much money do you have to have to open a regions bank account?

Open the account with $15,000 and have a Regions Checking Account with direct deposit or a Regions Checking Account with at least a $2,500 balance. You’ll also have access to online banking and bill pay as well as tiered interest rates. If you can tie your money up for a specific period, you stand to earn higher interest rates on your money.

What are the benefits of a regions bank account?

They do offer eligibility for a variety of rewards that you may not find at other banks, including a bonus just for keeping money in your savings account. Keep reading to see if the benefits offered at Regions Bank are enough to make you want to become a Regions customer too.

What is the highest paying money market account?

The CIT Bank Money Market Account may take the prize as the highest yielding money market account anywhere. The current APY is 1.85%. What’s more, you can open an account with as little as $100.

What is Regions Bank money market interest?

Regions Bank Money Market Account offers an APY of up to .01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $0.

Do money market accounts have fees?

Yes, all money markets are invested in short-term securities, such as commercial paper, certificates of deposit and Treasuries, that mature in less than 13 months. But many bank money market accounts don’t charge fees like the money market funds offered by mutual fund companies do.

How does a money market account work?

Basically, it works like this: You open a money market account at the bank. The bank pays you interest on the money that you deposit and leave in that account. The bank then loans that money out to other people, only they charge a slightly higher interest for the loan than what they pay you for your account.