Savings Accounts
Regent Savings
Take your first step towards saving for your future today to reach your financial goals. 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
- No Monthly Maintenance Fee
- Excessive withdrawal fee is $5.00
- Quarterly Statements
Regent Kid’s Club
Learning the value of money at an early age is important to educating children.
- For ages birth to 18 years
- Minimum to open only $5
- 6 Withdrawals allowed per month
- Excessive withdrawal fee is $5.00
- Interest accrues on all balances
- Quarterly statements
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 with terms that best suit your needs. The choice is yours.
- Minimum deposit of $1,000.00
- Interest at a current fixed rate (Call for current rates and details)
- Terms:
- 1 month
- 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. An IRA could be the investment of a lifetime, for a lifetime.
- Terms:
- 6 months
- 12 months
- 18 months
- 24 months
- 36 months
- 48 months
- 60 months
- Penalty Ranges:
- 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 $1000.00
- Must be 59 ½ to avoid early withdrawal penalty
- Required minimum distribution – RMD – No charge
- Early withdrawal penalties apply to all other withdrawal requests
