Regions Bank offers an attractive money market account at 4.00% APY for a minimum balance of $20000. The MMA can be opened with a minimum deposit of $100. This requires a checking account.

Consumers may link their Regions money market account with their checking account to avail of overdraft protection. This feature can be used with basic checking, PFS checking, Preferred plus banking, and life green checking. Funds can also be transferred from the MMA to the checking account through internet banking or phone banking.

Interested parties may apply online or by visiting a local branch. Once an online application is completed, the bank will send further instructions and a signature card that must be completed. The bank has branches in 16 states across Texas, the Midwest, and the South.

A service charge of $10 per month applies for money market accounts but this can be waived if a customer can maintain at least $2500 minimum deposit. It will be best to call the bank’s customer service hotline to know the yields for specific MMA tiers.

The interest rate is compounded on a daily basis and paid every month on collected balances.

Regions Financial Corporation is listed as one of Forbes Magazines Platinum 400. The company has a declared asset of $144 billion. Regions Banks, operating with 1900 banking offices, is a subsidiary of the Regions Financial Corporation.

Regions Bank was given 4 stars by BauerFinancial and 3 stars by bankrate.com. The bank is FDIC insured with certificate # 1368