18-Month Variable Rate IRA |
| Balance Required to Open |
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Account Benefits |
- Earn a variable rate of interest over a fixed term of 18 months
- Rate is equal to the most recent discount auction rate of the six-month Treasury Bill plus 0.25%2
- Can be automatically renewable
- FDIC insured to the maximum allowed by law
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Interest Earned |
- Compounded daily, paid quarterly on entire balance
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| Additional Deposits |
- Additional deposits are permitted during the 18-month term, with a minimum of $50
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| Interest Tiers |
- Pays interest on all balances
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Monthly Fee |
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Minimum Daily Balance Required (to waive monthly fee) |
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Statements |
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Bank where, when, and how you like |
- Access your account 24 hours a day, 7 days a week through Regions Online Banking or 1-800-REGIONS
- Visit any one of our 2,000+ branches in 16 states
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How to Apply |
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1. Consult your tax advisor for information on tax advantages.
2. The discount rate of the 6-month Treasury bill is determined by the weekly auction of the Federal Reserve. To this extent, the interest rate and Annual Percentage Yield (APY) earned on this deposit are subject to change weekly and may be deemed variable rates. Fluctuations in the discount rate of the 6-month Treasury bill could cause an interest rate and APY in a subsequent week to be less than the interest rate and APY in an earlier week. Withdrawals from 18-month Variable Rate IRAs before the maturity date may be subject to a bank early withdrawal penalty of six months’ simple interest on the amount withdrawn at the interest rate being paid on your deposit at the time of withdrawal. Withdrawals from IRAs before age 59½ may be subject to other penalties and tax consequences as provided by applicable law. Fees could reduce earnings on the account. This deposit is not available for Roth IRA or Coverdell Education Savings Accounts.