Money Market Accounts
Regent Money Market
- Market Rate Earnings
- Minimum Balance required is $2,500.00
- Minimum to open is $2,500.00
- Required average collected balance is $2,500.00
- Monthly Maintenance Fee is $6.00 (if below average collected balance)
- Monthly check limit of 6 (Subject to Regulation D)
- Excessive withdrawal fee is $3.00 per item
- Customer receives copies of their checks on their statement
- Does not Include Overdraft Protection
Regent Premium Money Market
- Interest Bearing
- Minimum Balance required is $50,000.00
- Minimum to open $50,000.00
- Monthly Maintenance Fee is $10.00 (if balance falls below $50,000.00)
- Monthly check writing limit is 6 (Subject to Regulation D)
- Excessive withdrawal fee is $3.00 per debit
- Customer receives copies of their checks on their statement
- Does not Include Overdraft Protection
Savings Accounts
Regent Savings
Use Regent’s Savings Account to save for a vacation, a new car, or any special purpose.
- Minimum to open $100.00
- 6 Withdrawals allowed per month (Subject to Regulation D)
- No Monthly Maintenance Fee
- Excessive withdrawal fee is $3.00
- No interest accrued on balances below $100.00
- No interest paid if account is closed between cycles
Regent Kid’s Club
Learning the value of money at an early age is important to educating children.
- For ages birth – 12 years
- Minimum to open only $5
- Receive Regent piggy bank upon opening
- Withdrawals allowed per month 6
- Quarterly statements
Regent Christmas Club
Save year-round for holiday expenses with Regent’s Christmas Club. Christmas Club begins in November and ends in October of the following year.
Certificates of Deposit
Invest your money today in a CD from Regent Bank. With a minimum deposit your money can be earning interest at the current fixed rate. The choice is yours.
- Minimum deposit of $1,000.00
- Interest at a current fixed rate (as stated on Regent Bank website)
- Terms:
- 1 months
- 2 months
- 3 months
- 6 months
- 12 months
- 18 months
- 24 months
- 36 months
- 48 months
- 60 months
- Penalty Ranges:
- 1 Month CD – 7 Day Interest Penalty
- 2 – 3 Month CD – 30 Day Interest Penalty
- 6 – 12 Month CD – 3 Month Interest Penalty
- 18 – 60 Month CD – 6 Month Interest Penalty
IRA Accounts
Individual Retirement Account (IRA)
IRAs are a great way to get a head start on your retirement. Investing in an IRA from Regent allows your money to be tax deferrable until time of withdrawal. If you are under age 70½ and have an earned income, then an IRA could be the investment of a lifetime, for a lifetime. Terms and Conditions
- Terms:
- 3 months
- 6 months
- 12 months
- 18 months
- 24 months
- 36 months
- 48 months
- 60 months
- Penalty Ranges:
- 3 Month IRA – 1 Month Interest Penalty
- 6 – 12 Month IRA – 3 Month Interest Penalty
- 18 – 60 Month IRA – 6 Month Interest Penalty
In addition to Regent Bank retirement account penalties and tax consequences, the IRS imposes a 10% penalty on most withdrawals from IRAs before turning 59 1/2.
- Minimum deposit of $500.00
- Must be 59 ½ to avoid early withdrawal penalty
- Withdrawals over the age of 70 ½:
- Required minimum distribution – RMD – No charge
- Automatic Withdrawals – no charge
- All other withdrawal requests - $5 per withdrawal
