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:
- 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.
About Regions Financial CorporationRegions Financial Corporation, with $122 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,700 banking offices and 2,100 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.