Regent Money Market
- Market rate earnings
- Interest bearing
- Minimum to open $2,500
- Required average collected balance $2,500
- Maintenance fee $6 (if below average collected balance)
- Monthly check limit 6
- Excessive withdrawal fee $3 per debit
Regent Savings
Use Regent’s Savings Account to save for a vacation, a new car, or any special purpose.
- Minimum to open $100
- Withdrawals allowed per month 6
- Excess withdrawal fee $3
- No interest accrued on balances below $100
- No interest paid if account closed between cycles
- Dormant account fee $3 (no activity for 12 months)
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.
- Terms: 3 months 24 months 6 months 36 months 12 months 48 months 18 months 60 months (Please inquire for current rate sheet)
- Conditions: 31 Days - 12 Months/3 Months interest penalty 366 Days - 60 Months/6 Months interest penalty
- Minimum to Deposit $1,000.
Individual Retirement Account
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
- 180 days - 36 months
- Minimum deposit $500
- Must be age 59 ½ to avoid early withdrawal penalty
- Administration fee for withdrawal $15
- Withdrawals over age 70 ½
- Required minimum distribution (RMD) – no charge
- Automatic withdrawals – no charge
- All other withdrawal requests – $5 per withdrawal
- For business purposes, you may consider setting up a Simplified Employee Pension plan (SEP).
