It All Starts with Savings
A Savings Account is the foundation of everything you can do at REGIONAL. Whether you're saving for a rainy day, building an emergency fund, or focusing on a larger long-term savings plan, REGIONAL has plenty of options to help you make your goals a reality.
Regular Savings
Regular Savings is your primary account at REGIONAL. Members are required to keep $5.00 in Regular Savings account to keep their REGIONAL membership current. After that, it’s all up to you. Regular Savings earns interest on balances over $200.
Special Savings
Have a specific savings goal in mind? A Special Savings works like Regular Savings, but you get to name the account to reflect whatever you’re saving for. There is no minimum balance for Special Savings, and the account earns interest on balances over $200.
Christmas Savings
If you need extra motivation to leave your saved money alone throughout the year, or simply want to set aside funds for use during the holiday season, this is the savings account for you. Your Christmas Savings account has no minimum balance, earns interest on balances over $200, and lets you withdraw funds penalty-free between November 1st and December 31st every year. There is a $15 fee for withdrawals made at any other time, giving you an incentive to use your savings only for their intended purpose.
Daily Cash Account (DCA)
For members who keep larger balances in savings, the Daily Cash Account earns a higher interest rate than our Regular, Special and Christmas accounts on balances over $2,500. There is no minimum balance, no penalties or fees for withdrawals.
IRA Savings
Individual Retirement Accounts help members save money for retirement. REGIONAL offers both traditional and Roth IRA Savings accounts (and CDs), and interest is paid on balances over $0.01. Qualified contributions to traditional IRAs are tax-deductible, and qualified distributions from Roth IRAs are tax-free.
| Type | Minimum | APY |
|---|---|---|
| Regular and Special Savings | $200 | 0.10% |
| Basic Checking | $0.00 | 0.00% |
| Checking Plus | $1,000 $2,500 |
0.10% 0.15% |
| IRA Savings | $0.00 $1,000 $5,000 |
0.15% 0.25% 1.01% |
| Daily Cash Account (DCA) | $2,500 $5,000 $10,000 $25,000 $50,000 |
0.20% 0.20% 0.44% 0.64% 0.90% |
Certificates of Deposit
If you’re ready to earn a higher interest rate than a savings account offers, a Certificate of Deposit may be right for you. Terms from 6 to 30 months are available with a minimum opening deposit of $1,000, while our 3-month VIP Certificate carries a minimum of $10,000.
Help your kids learn about long-term saving with our Head Start Youth Certificate, available up through high school graduation. This 6-month certificate has a minimum deposit of just $25, and the young member can add to that balance in $25 increments at any time.
| Type | Term | Minimum | APY |
|---|---|---|---|
| VIP Certificate | 3 months | $10,000 | 1.01% |
| Certificate | 6 months 12 months 18 months 30 months |
$1,000 $1,000 $1,000 $1,000 |
1.02% 1.51% 2.02% 2.27% |
| IRA Certificate | 24 months | $1,000 | 3.04% |
| Head Start Youth Certificate1 | 6 months | $25 | 0.705% |
| 1.Available to members through high school graduation. $1,000 maximum total deposit. | |||