Region Bank Continues Offer of 4.00% APY for its Money Market Deposit Accounts
The Region Bank maintains its offer of 4.00% APY for deposit accounts under their Platinum relationship and Business Money Marker programs.
The personal MMA needs at least a $20,000 minimum new fund deposit with checking account or a $2500 minimum balance.
Accounts with $5000 to $20000 gains 1.01% and those with lower than $5000 balance earns 0.50%. Consumers may lock in for these rates guaranteed until end of January 2009.
Interested parties may drop by Region’s branches in Florida, Alabama, Georgia, Arkansas, Kentucky, Iowa, South Carolina, North Carolina, Texas, Virginia, Tennessee, and Mississippi.
The Q3 income of the bank is also affected by the worldwide financial crisis dropping to $79.5 million dollars from last year’s $394.2 million. The bank deposits also suffered falling to $683 million due to the consumers switching from bank deposits to Treasury Bills.
Despite the drop in its earnings Region Bank still gains a 4 star from BauerFinancial and 3-star review from bankrate.com.
Region Bank is insured under FDIC certificate # 1368.
