Here at Peak Personal Finance, we know that certificate of deposit rates are a great way that many save for the future, either to hedge riskier investments or to plan for a specific event. Today, we’re going to look at Regions Bank certificate of deposit rates.

For deposits up to 89 days (less than three months), a minimum deposit and maintenance balance of $2,500 is required to open at Regions. For 0-2 months, the best CD rates they offer are 0.05% annual percentage yield (APY).

That stays for 3-11 months as well, but deposit requirements drop to $500 minimum for maintenance and balance. So for this term, you need less to deposit to get the 0.05% APY.

At 12-17 months, the Regions Bank CD rates rise to 0.15% APY and for 18-23 months they are 0.35% APY, both with a minimum $500 deposit requirement.

At 24-35 months, Regions CD rates rise to 0.45% APY with a $500 minimum and at 36-47 months, they are at 0.60% APY, still with that $500 minimum.

Going to the longer term, a 48-59 month term gives a 0.70% APY with a $500 minimum while a 60-72 month term gives 0.84% APY, again with that $500 minimum deposit requirement to open and maintain.

Regions Bank CD rates aren’t the best CD rates available nationally, but many who already use this bank prefer to stay in-house for their savings. Relationship CD offers from Regions give a little better interest.

The Regions Bank certificate of deposit rates go up to 1.10% APY at 60-72 months, for instance, and are higher at most of the above tiers by a few points. Nationally, some banks are offering better CD rates, however.

Regions Bank is fully FDIC insured.