- Special bonus rate feature: Customers earn a 1 percent annual savings bonus based on a consistent monthly deposit of at least $5 to the account ($100 maximum for the annual savings bonus);
- Special builder bonus feature: Customers earn $1 each month they make at least a $5 deposit to the account and have no withdrawals;
- Free online banking and online statements; and
- No monthly fee and no minimum balance requirement.
Regions Bank is making it easier for its prepaid card customers to save for the future with the new Regions Now Savings *1 account. Available exclusively to primary accountholders of a Regions Now Card SM – a general purpose reloadable Visa® prepaid card – the Regions Now Savings account offers these customers the opportunity to earn both monthly and annual savings bonuses. “We want to ensure that all of our customers have access to the products, services and financial advice that can help them develop good savings habits,” explains Scott Peters, senior executive vice president and head of Consumer Services at Regions Financial. “For many customers, our Now Banking suite of products is the entry point for a banking relationship with Regions and this account is designed to help our Now Card customers save for a rainy day.” Regions Now Savings account customers enjoy a number of benefits and rewards for saving, including: