Regions Bank Review: Checking, Savings and CDs
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Overall institution rating
3.4
Regions Bank is a regional institution that offers a few features many other banks don’t, such as an annual 1% savings account bonus. But its savings accounts earn low rates overall. And the bank charges high fees in other accounts, such as a $36 overdraft fee for checking, up to three times a day. If you’re looking for high savings rates, consider NerdWallet’s picks for the best high-yield savings accounts. For more flexible overdraft options, check out the best banks for overdrafts.
Best for: Consumers in the South and Midwest who prioritize annual savings bonuses over earning high interest rates, and who are unlikely to overdraw their accounts.
No monthly fees on some savings accounts.
Solid regional branch network.
Early direct deposit.
Expensive overdraft fee.
Low rates.
Excess withdrawal fee.
How does Regions compare?
Up to 3.60%
$300
3.85%
$300
Methodology
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). The ratings are incremented in tenths of a star.