Due to system problems, Regions Bank rates are not available online today. But, I confirmed with CSR that the current rate on the 18-Month Variable IRA is now 4.60% APY based on this week's 6-month Treasury auction. This rate rivals the highest direct CD and Treasury rates available today for this maturity that are available in an IRA. And, if you think 6-month Treasury rates will continue to rise, this product will enable you to capitalize on those rising rates.
If you are interested, you may want to check out my previous posts on this product.