BBVA Compass

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18 Month CD Special - Online

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.45%	Money Market	ClearChoice Money Market Account 0.85% - Ally Bank Money Market Account
0.25%	18-month CD	18 Month CD - Branch 1.35% - Ally Bank High Yield 18-Month CD
0.10%	1-year CD	12 Month CD - Branch 1.40% - Goldman Sachs Bank USA 12 Month CD

View all BBVA Compass rates »

Overview / Commentary

www.bbvacompass.com

800-266-7277

15 South 20th Street
Birmingham, AL 35233

BBVA Compass is a large, Alabama-based bank that offers retail, small business, commercial, and wealth management banking products and services. The bank’s more than 10,000 employees serve its customers through branches located in states from the East to West coasts. The BBVA Compass name was formed when a bank holding company out of Spain, BBVA, acquired Compass Bancshares in 2007.

On its personal retail banking side, BBVA Compass offers checking, savings, Money Market, CD, and IRA accounts, as well as credit cards, mortgages, and auto loans on the personal lending side. Checking account options include an interest-bearing account, a second chance account, a basic account, and an NBA account. All but the NBA account come with a monthly service charge, and for the second chance account that charge cannot be waived. BBVA Compass’ basic savings account earns minimal interest and has a quarterly service charge unless a minimum daily balance requirement is met. The bank also features a customized savings account that will match transfers made into the account up to a certain percentage. Money Market accounts can be linked to a checking account to prevent overdrafts, and tiered interest rates provide incentives for account holders to increase their balances. Certificates of Deposit (CDs) are available in term lengths ranging from 7 days to 15 years and come with minimum initial deposit requirements. DepositAccounts.com has featured BBVA Compass in the past for different checking account bonuses, as well as competitive CD rates. Small business banking solutions include cash management and employee benefits services, in addition to specialty programs for attorney and health care organizations.

BBVA Compass online banking is free and provides a web-based banking platform on which customers can manage their accounts. Tasks like Quicken financial application integration, bill pay, account balance viewing, and funds transfer, can all be accomplished through the online system. Mobile banking is also available, as the bank has optimized its site to make it easy to use from mobile and tablet devices. Mobile apps make it even more convenient in easy to access and perform banking tasks while on the go, including remote deposit. Account holders can also use text and ATM banking for more simple, round-the-clock banking.

BBVA Compass is a subsidiary of BBVA Compass Bancshares, a bank holding company operating in the United States under the ownership of a foreign banking organization called Banco Bilbao Vizcaya Argentaria, which is headquartered in Spain. Compass Bank was established in 1964 as the Central Bank of Birmingham before changing its name in 1993. After it was acquired by BBVA, it merged the two names to create its current title. BBVA Compass Bank is headquartered in Birmingham, Alabama and serves its customers through numerous branches located throughout the United States.

BBVA Compass is once again offering a promotional rate on its ClearChoice Money Market Account. Compared to past promos, the rate is lower and there is no guarantee period. 1.00% APY $10k to $5m 0.05% for under $10k Only for new BBVA Compass MM customers and the funds must be new to BBVA $15 monthly service charge. Can be waived with a $10,000 balance or with automatic monthly transfers of $25 from a BBVA checking account.

View all posts from:

2017
2016
2015
Earlier

3/2 - Return Of The Promotional BBVA Compass ClearChoice Money Market Account

2/13 - BBVA Compass Has Online And In-Branch Competitive 13-Month CD
2/12 - 13 Month CD 1.35%
1/28 - 13 Month CD Rate At Branch

8/12 - Equity Indexed Market Link CD
8/10 - BBVA Compass Offers Competitive 19-Month CD

Reviews (49)

Featured Account Options

I Still Bank Here. I'm Not Rich, And I Really Enjoy It-Even When There Have Been Growing Pains

Posted by: 1xlogin | Jun 23, 2012

I felt compelled to stand up for my bank after stumbling across such negative people on here...So I asked my FRIENDLY local branch to educate me as if I were a new client-they know me there by first name and humored me for the request. (I was actually deciding where to consolidate all of my bank accounts). He did so and here's the answers & fliers I left with:

*65+ y/o Senior Checking reintroduced due to client's voicing their concerns. Free checks and paper statement with your social security direct deposit.

*Everyday Hero-FREE checking for active & retired military, doctors, nurses, EMT, medical professionals/techs, all lines of sworn police & firefighters, teachers.

Qualifiers to get a FREE CHECKING ACCOUNT:

*Direct deposit 1x a month that is $300+ and e-statements from my online banking. This is much nicer than my Chase account I closed out that wanted $500+ 1x a month. My weekly part time checks aren't that much.

*Student accounts for those under 25 are free--pretty cool but doesn't apply to me.

*1500 average daily balance in the checking.-someday I won't laught at that idea :)

Their savings rates were really good as well. Not much now-a-days but every little bit helps. They honestly paid more than my savings credit union and local major and minor banks. We pulled up 6-8 bank rates at his computer and none we found were better. That fits my needs just fine so I decided I'd stay there.

I pride myself on keeping current and here's my response to all the Debby Downers:

1. Free checking accounts didn't really make it mainstream until the 1990's when major players like Wachovia introduced and forced others to offer this as well and interest rates on a CDs were high enough to live off of. Times change, move on.

2. A bank's policies change with tighter Gov't regulation (ex. Durbin Amendment). Everyone wants their cake and eat it too. Regulate to prevent another economic decline yet many individual people are not ready to deal with personal ramifications of this. People get regulation and low yields. They want their 401k/retirement plans to grow magically but don't realise where the money comes from. If you want explosive growth & returns use the stock market-or Vegas :)

3. With BBVA Compass, previously Guaranty, I find it hard to imagine that the customer service in all the branches has changed that drastically. Perhaps the employees ARE doing as much for you as they can or know how. The bank name changed, not the people. Don't shoot the messengers if you have to dial a toll-free 1-800 number...They could easily make YOU pay for the phone call instead. lol!

4. Don't get me started on people who B. about overdraft fees. Don't spend money you don't have, idiots. Take any fee with humility and learn to manage your finances better. Yes, YOU violated the terms of the account, so you pay a fee. It's disclosed when you open an account ANYWHERE! Overdraft fees weren't invented last night nor headline news on CNN in the morning when you woke up. I find that the couple instances in my life I have overdrafted, I politely asked if someone was able to fix it and ya know what? They did. I doubt they would be so nice if I had come in yelling and screaming-I certainly wouldn't have.

5. Most banks and credit unions now have qualifiers for their accounts it seems. My friend banks at a credit union that charges $1 a month for a debit card.

6. Former Guaranty Bank failed. They didn't receive a bailout. I feel happy that someone took them over and they didn't go running to the gov't for TARP bailouts. A poorly run business suffered the just consequences. Ex. You won't learn why you shouldn't touch the hot stove until you feel it's burn.

This is turning into a rant. I hope it helps at least 1 person out there. Give BBVA a try, I think you'll like them. I certainly still do.

Comment

16

BBVA Great customer Service!

Posted by: LisaMartin | Feb 19, 2016

I recently had a very scary experience when I found out that my debit card had been compromised. I usually check my account every couple of days via the mobile banking app and found out there was some mysterious charges at a frozen yogurt place in the middle of Los Angeles that I had never heard of. I called the support line right away and the customer service representative was very helpful. They walked me through the process and I was able to cancel the card and have the fraudulent charges refunded. They told me a number of ways the debit card can be compromised and warned me to avoid these possible activities in the future. I was sent a new card and it arrived within the week. I was extremely pleased with my experience and would recommend BBVA to anyone looking for a bank in the Sacramento area.

Comment

5

Sudden Drop In Interest Rate

Posted by: Margaret Talbot | Jun 5, 2016

A tad disappointed. Opened Money Market in September 2015 when the rate was advertised at 1.20 per cent. When checking this a/c on line I noticed I was getting a rate of 1.09. Upon calling the rep I opened the a/c with she said this rate would last for a year (citing it was actually a better deal than the 1.20.)
This month, after being nine months into the 12 month period mentioned, the rate has dropped to ,20.
Fool me once -- fool me twice.
Website is also quirky and a bit awkward to navigate.

6

Closing A CD At Maturity--More Difficult Than Opening It

Posted by: thowellIII | Mar 22, 2017

**UPDATED**
I recently received a message in the mail that a CD that I have with BBVA Compass will be maturing. The notice gave me options to add funds to the CD or do nothing and let it roll over. Nowhere on this notice, even the fine print on the reverse, said what I need to do if I want to have my funds back at maturity.

Calling did not provide information, so I sent a message to customer service. Here's the reply:
"if you would like the CD to close after maturity you may send a written request or visit your local branch. The following information must be sent by fax or mail to the address provided below:
1. Name
2. Account number
3. Request to close
4. Distribution request (Transfer to another account or cashier?s check. Check mailed to address on file.)
5. Copy of ID
6. Supporting documentation (Death certificate, letters of testamentary, Power of Attorney, etc)
7. Notarized signature "

Yes, to receive my funds at maturity BBVA Compass requires that I get both a notarized signature and to send in a copy of my identification. Quite a bit of hassle compared to the many other options available.

Here's the update: After sending the fax, the maturity date passed and the CD was still open. A call to customer service took the better part of an hour to receive the response that the ID in the fax was difficult to read, so they could not process the request. Why one needs to send a copy of an ID to close an account is a mystery, made all the more infuriating by the fact that one needs to show an ID to get a signature notarized.

Comment

9

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Health

A

Data as of Q4 2016

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	19048
Year Established	1964
Employees	9372
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.42%
Return on Equity - YTD	2.98%
Annual Interest Income	$2.48B

Assets and Liabilities
Assets	Q4 2016vs Q4 2015	$83.64B$85.43B
Loans	Q4 2016vs Q4 2015	$59.38B$60.63B
Deposits	Q4 2016vs Q4 2015	$67.55B$66.27B
Equity Capital	Q4 2016vs Q4 2015	$12.10B$12.07B
Loan Loss Allowance	Q4 2016vs Q4 2015	$838.3MM$762.7MM
Unbacked Noncurrent Loans	Q4 2016vs Q4 2015	$965.1MM$452.8MM
Real Estate Owned	Q4 2016vs Q4 2015	$17.4MM$18.8MM

User-submitted Promotions & Notices

Submit a Promo

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Return Of The Promotional BBVA Compass ClearChoice Money Market Account

Ken Tumin | Mar 2, 2017

BBVA Compass is once again offering a promotional rate on its ClearChoice Money Market Account. Compared to past promos, the rate is lower and there is no guarantee period.

1.00% APY $10k to $5m
0.05% for under $10k

Only for new BBVA Compass MM customers and the funds must be new to BBVA

$15 monthly service charge. Can be waived with a $10,000 balance or with automatic monthly transfers of $25 from a BBVA checking account.

Comment

2

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

BBVA Compass Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%^†	-	-	BBVA Compass ClearChoice Savings

BBVA Compass Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*^†	$10k^*	$5m	ClearChoice Money Market (New Money) - New Customer
OTHER TIERS: 0.05% → Up to $10k \| 0.25% → $5mm+
0.45%^*^†	$1m^*	-	ClearChoice Money Market Account
OTHER TIERS: 0.25% → Up to $20k \| 0.30% → $20k - $100k \| 0.40% → $100k - $1mm

BBVA Compass Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*^†	-	$25k	ClearChoice Interest Checking - New Customers
OTHER TIERS: 0.05% → $25k+
0.15%^*^†	-	$25k	ClearChoice Interest Checking - Existing Customers
OTHER TIERS: 0.05% → $25k+
0.03%^†	-	-	ClearChoice Premium Checking Account

BBVA Compass CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.30%^†	$500	-	18 Month CD Special - Online
1.20%^*^†	$100k^*	-	18 Month CD Special - Branch
OTHER TIERS: 1.05% → $500 - $100k
0.75%^†	$500	$1m	12 Month CD Special - Branch
0.75%^†	$500	$1m	12 Month CD Special - Online
0.50%^†	$500	$2,500k	48 Month CD - Branch
0.40%^†	$500	$2,500k	36 Month CD - Branch
0.40%^†	$500	-	36 Month CD Special - Branch
0.30%^†	$500	$2,500k	24 Month CD - Branch
0.25%^†	$500	-	18 Month CD - Branch
0.20%^†	$500	$2,500k	16 Month CD - Branch
0.10%^†	$500	$2,500k	6 Month CD - Branch
0.10%^†	$500	$2,500k	9 Month CD - Branch
0.10%^†	$500	$2,500k	12 Month CD - Branch
0.05%^†	$500	$2,500k	1 Month CD - Branch
0.05%^†	$500	$2,500k	3 Month CD - Branch

Locations

BBVA Compass has 668 locations. Click to view all BBVA Compass locations.