IRA Solutions

Why an IRA?

An IRA, or Individual Retirement Account, is a tax-advantaged investment option for people to save for retirement. Regions offers a variety of IRA solutions that can help you save for your retirement.

Looking to rollover your 401(k) or other investment account? IRA Rollover

Find the right IRA for you. Start Now

Get started with three easy steps:

Have a question? 1-800-388-4727 HoursMonday thru Thursday 8am to 4pm Central. Friday 8am to 6pm. Saturday 8am to 12pm. Closed on Sunday. Mon-Fri 7am-5pm Central
Sat, Sun Closed

Step 1: What type of IRA is right for me?

An IRA is actually the basket in which you keep your investments – CDs, stocks, mutual funds and other assets. There are two types of personal IRAs, each with its own benefits, so we’ve broken it down for you to help you understand the differences.

Traditional IRA Roth IRA
Tax Benefits Contributions may be tax-deductible
Earnings grow tax-deferred
Withdrawals generally are taxable
Contributions are not tax-deductible
Earnings generally grow tax-free
Withdrawals generally are tax-free
Maximum the lesser of $5,500 per year (for 2015 and 2016) or your taxable compensation for the year $5,500 per year (for 2015 and 2016) or your taxable compensation for the year
Catch-up1 An additional $1,000 per year, beginning in the year you turn 50 An additional $1,000 per year, beginning in the year you turn 50
Eligibility Under age 70½
Must have taxable compensation
No maximum income limits
Any age
Must have taxable compensation
Maximum income limits

For single filers: Eligibility phases out between $117,000 and $132,000 of modified Adjusted Gross Income (for 2016)

For joint filers: Eligibility phases out between $184,000 and $194,000 of modified Adjusted Gross Income (for 2016)

Withdrawals Withdrawals after 59½ without tax penalty
Withdrawals before 59½ generally subject to a 10% tax penalty unless exception2 applies
Mandatory withdrawals starting at 70½
Withdrawal of contributions at any time without tax penalty
Withdrawal of earnings may be subject to a 10% tax penalty unless a qualified distribution or an exception2 applies
No mandatory withdrawals

Step 2: Select IRA accounts

Step 2: How can I invest in an IRA?

Whether you’ve decided to move forward with a Traditional IRA or a Roth IRA, the next step is to choose and fund an IRA Solution.

Bank IRAs (FDIC Insured)

Investment IRAs
(Non-FDIC Insured*)

Fixed Rate3

Like a CD, this option earns a fixed interest rate. Designed for investors who need to build their IRA funds through contributions made at maturity and for those who want the assurance of a known return that a Fixed Rate time deposit offers.

  • Interest rate fixed for the term of the time deposit within the IRA —terms range from 6 to 60 months
  • Can be opened with a minimum deposit of $250
  • Additional deposits can be made during the grace period at maturity.
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Money Market3

The flexibility of a Money Market allows you to make regular deposits and/or rollover IRA funds at any time.

  • No maturity obligation, so withdrawals can be made any time
  • Can be opened with a minimum deposit of $50
  • Can make deposits of $25 or more at anytime
  • Can be linked to your Regions checking or savings account for regular, automatic deposits
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18 Month Variable Rate
(Traditional IRA only)

Take advantage of rising rate environments with a Regions 18-Month Variable Rate IRA.

  • 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% 4
  • Can be automatically renewable
  • Can be opened with a minimum deposit of $250
  • Additional deposits are permitted during the 18-month term, with a minimum of $50
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  • No monthly fee
  • Pays interest on all balances

Mutual Funds, Stocks & Bonds, ETFs*

Take advantage of a range of investments for your IRA.

  • Mutual funds
  • Equities
  • Unit Investment Trusts
  • ETF's
  • Fixed income bonds
  • Market Linked CDs
  • Variable and index annuities

Choosing the right product(s) is based on your specific suitability, time horizon, investment objective and amount of risk you are willing to take.

  • Work with a Regions Investment Solutions Financial Consultant to plan and manage your retirement account

Step 3: Open an IRA

Step 3: Open an IRA

To open a Regions Bank IRA (FDIC Insured):
(Fixed Rate, Money Market, 18 Month Variable Rate)

Make an appointment To speak with an IRA specialist.

To open a Regions Investment IRA (Non-FDIC Insured*):
(Mutual Funds, Stocks & Bonds, ETFs*)

800-878-3619 To speak with an IRA specialist.

IRA Features:

Options to Rollover,
Transfer or Convert

Customer Support
Tailored to Your Needs

Simple, Rollovers, Transfers and Conversions with Regions.


An IRA rollover occurs when certain funds are distributed to you and then you reinvest (within 60 days) the funds in an IRA. This often occurs when funds in a retirement plan, such as a 401(k) plan, are distributed to you and then are reinvested in an IRA.

IRA Rollover


An IRA transfer occurs when IRA funds are transferred directly (they are not distributed to you) from the custodian of one IRA to the custodian of another IRA.


An IRA conversion occurs when a Traditional IRA is converted to a Roth IRA, which allows you to generally receive tax-free withdrawals at retirement.

*Investment Annuities and Insurance Products

  • Are Not FDIC Insured
  • Are Not Guaranteed
  • May Lose Value
  • Are Not Deposits
  • Are Not Insured by Any Federal Government Agency
  • Are Not a Condition of Any Banking Activity

Regions Investment Solutions is a marketing name of Cetera Investment Services. Securities and insurance products are offered through Cetera Investment Services LLC, member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers, LLC. Neither Cetera Investment Services nor Cetera Investment Advisers is an affiliate of Regions Bank or its related companies. Regions Investment Solutions, 250 Riverchase Parkway East, Hoover, AL 35244

This information is general in nature, is provided for educational purposes only, and should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. Regions neither endorses nor guarantees this information, and encourages you to consult a professional for advice applicable to your specific situation.

1. An individual who is 50 years of age or older by the end of the year can contribute the Maximum ($5,500) plus the Catch up ($1,000) for a total of $6,500 per year.

2. Penalty exceptions generally include: distribution to a beneficiary due to death of owner, medical insurance after losing your job, a scheduled series of substantially equal periodic payments, qualified post-secondary education expenses, total and permanent disability, rollover, tax levy, qualified reservist distribution, deductible medical expenses, and buy build or rebuild your first home (up to $10,000).

3. These accounts can be opened with a Roth IRA, Education IRA or a Traditional IRA.

4. 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.