Featured Savings Rates
Featured Accounts

BBVA Compass

Popular Accounts at this Bank

1.10%Money MarketClearChoice Money Market Account
0.10%1-year CD12 Month CD - Branch
0.05%SavingsBBVA Compass ClearChoice Savings

Overview / Commentary
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.

Related Posts

BBVA Compass Has Online And In-Branch Competitive 13-Month CD - 2/13/2016

BBVA Compass has a 13-month Featured CD (1.15% APY in-branch and 1.35% online). Minimum deposit is $500, with a maximum deposit of $250K for CDs opened online.

13 Month CD 1.35% - 2/12/2016

Rate is good for clients in Non-BBVA footprint states in the continental United States. CD accounts subject to approval. $500 minimum opening deposit required to earn Annual Percentage Yield. Substantial penalty for early withdrawal. Rate current as of 2/12/2016. Rate is subject to change. $250,000 is the maximum deposit for CD accounts opened online.

13 Month CD Rate At Branch - 1/28/2016

The rate for in branch 13 month CD is 1.15%

View all posts from:

9/16/13 - Competitive 5-Year CD Rate at BBVA Compass in Several States
8/12/13 - Free Samsung Galaxy Tab 3 Checking Account Bonus at BBVA Compass
8/12/13 - History of BBVA Compass Bonus Payouts
6/10/13 - Build My Savings - Bonus Match
1/27/13 - Preferred Client Program
1/17/13 - Free Kindle Fire HD Checking Account Bonus at BBVA Compass
11/5/12 - Higher CD Rates with Checking at BBVA Compass in Several States
6/10/12 - BBVA Compass Business Money Market Account Special
6/4/12 - Competitive CD Rates at BBVA Compass in Several States
5/7/12 - New $100 Checking Account Bonus at BBVA Compass But Beware of Fees
2/7/12 - Competitive 5-Year CD Rate at BBVA Compass in Several States
9/5/11 - BBVA Compass Increases Fees and Cuts Features on its Checking Accounts
1/11/11 - New Monthly Service Charge For BBVA Compass Build-To-Order Checking Account
1/6/11 - BBVA Compass Adds Monthly Fees to Build-to-Order Checking
8/25/10 - Reminder: $150 Checking Account Bonus At BBVA Compass
8/3/10 - $150 Checking Account Bonus at BBVA Compass in AL, AZ, CA, CO, FL, NM & TX Only
7/20/10 - Business Checking & Savings Account $1,700 Bonus At BBVA Compass
5/10/10 - $100 Checking Account Promotion at BBVA Compass in Several States - Local Only
5/8/10 - Build My Savings Account at BBVA Compass - Hot Deal or Marketing Gimmick?
3/12/10 - New $150 Checking Account Promotion at BBVA Compass in Several States - Local Only
1/8/10 - $150 Checking Account Bonus at BBVA Compass (available in AL, AZ, CO, FL, NM & TX)
1/7/10 - Compass Bank Is Offering $150 To Open A New Account
11/12/09 - BBVA Compass Checking Account Promotion - Free iPod touch (available in AL, AZ, CO, FL, NM & TX)
9/8/09 - 2.50% 24-Month CD & an Equity Index CD at BBVA Compass in Several States
7/9/09 - 2.50% 24-Month CD & a Checking Account Bonus at BBV Compass in AL, AZ, CO, FL, NM & TX
3/15/09 - Review of Equity-Index CDs at Compass - Other Options?
3/4/09 - $100 Checking Account Bonus at Compass Bank (available in AL, AZ, CO, FL, NM & TX)
1/15/09 - $150 Checking Account Bonus at Compass Bank (available in AL, AZ, CO, FL, NM & TX)
8/18/08 - $150 Checking Account Bonus at Compass Bank
6/2/08 - 2GB iPod Shuffle Checking Account Bonus at Compass Bank
3/24/08 - 4.00% Money Market Account Promotion at Compass Bank in Texas
2/4/08 - $50 Cash Bonus for Compass Bank Checking Account in Texas and Alabama
11/28/07 - $50 Gift Card Bonus for Compass Bank's Build-to-Order Checking Account
5/21/07 - $100 Checking / Savings Account Bonus at Compass Bank Continues
1/3/07 - $100 Checking / Savings Account Bonus at Compass Bank
10/18/06 - $100 Business Checking Account Promo at Compass Bank
8/3/06 - Another $50 Checking Account Promo at Compass Bank - Update
4/19/06 - Another $50 Checking Account Promo at Compass Bank
9/11/05 - Checking Account Deals

I like their free checking accounts

I very much dislike paying banking fees of any type. I had the luxury of having free checking accounts with a few banks while I was in college, as many banks offer free checking and savings accounts to students. Once I graduated, I was converted over to checking accounts that had high monthly fees. I was happy when I found that BBVA Compass offered free checking accounts to anyone, not just students. Not only does my checking account not have any monthly fees, there are also no fees to use the ATM. There are times when you are not near your own bank's ATM and have to use another bank's ATM. Most banks charge a high fee to use an ATM that is not their own. Monthly fees and ATM fees can add up quickly if you are not careful. So I am happy that I found a bank that I can trust, and not have to worry about money suddenly coming out of my account due to unexpected fees. If you are looking for a good bank with no fees, you should definitely check out BBVA Compass.

BBVA Compass - love them

Posted by: jazzy234 | May 13, 2016

I have been with BBVA Compass for a few years now. I started with them by opening up a checking account. Since I'd never had a checking account before the staff was wonderful at explaining all the terms and agreements of opening an account with them. They have been great especially with over draft fees. One time I accidentally overcharged my account and put it in the negative. In a panic I called them to prevent the thirty five dollar over draft fee. They were very understanding about it and waived the fee! I've also used their mobile app when depositing funds, which is a lot easier for me than going all the way across town to put in the money. Another plus of this bank is that there is no minimum deposit you have to have to start up, or keep the account. I will be with them for years to come.

Great Financial Products

Posted by: KKYN2016 | Apr 4, 2016

I was a little bit hesitant when I first considered BBVA Compass. My worries were soon alleviated when I discussed the financial products that they have to offer with their online agent. The customer service was awesome even before I signed up for anything. I was really interested in their savings products as they offer a very competitive APY relative to other banks. The terms of the certificates of deposit were very reasonable. Opening an account on the BBVA Compass website was very easy and intuitive. Overall, it was a very pleasurable experience to do business with BBVA Compass.

Bbva Compass - Nsf Fees

Posted by: JoshFTW | May 13, 2016

BBVA Compass is a wonderful bank in terms of customer service and up-to-date technology. However, their policy on leveraging NSF (non-sufficient funds) charges has been a frustration on more than one occasion. There is a charge of $38 for even a small over draft of $.01, and getting that charge reversed is near impossible. That being said, any other matters concerning customer service have been handled flawlessly. I am most impressed by the mobile application BBVA provides. It is quick and easy to use for many services. I especially like that it can be unlocked using my finger print on my iPhone, this creates a quick access to all of my accounts. Overall, I am satisfied with BBVA. I would recommend a more lenient policy on NSF charges, however, as most banks have created a grace program for such situations. As a college student, every penny counts and I would prefer not to have to set up with another bank as I have banked with BBVA for 6 years now.



Health Grade Components

FDIC Certificate #19048
Year Established1964
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD4%
Annual Interest Income$2.39B
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$85.43B$79.62B
LoansQ4 2015vs Q4 2014$60.63B$56.84B
DepositsQ4 2015vs Q4 2014$66.27B$61.36B
Equity CapitalQ4 2015vs Q4 2014$12.07B$11.74B
Loan Loss AllowanceQ4 2015vs Q4 2014$762.7MM$685.0MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$452.8MM$368.1MM
Real Estate OwnedQ4 2015vs Q4 2014$18.8MM$16.7MM
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Always verify rates and promotions with the bank or credit union. We are not BBVA Compass; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.05%--BBVA Compass ClearChoice Savings

BBVA Compass Money Market Rates

1.10%*$10k*$5mClearChoice Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.25% $5mm+

BBVA Compass Checking Account Rates

0.03%--ClearChoice Premium Checking Account

BBVA Compass CD Rates

1.35%$500-24 Month CD Special - Online
1.25%$500$1m12 Month CD Special - Online
1.25%$500-24 Month CD Special - Branch
1.15%$500$1m12 Month CD Special - Branch
0.50%$500$2,500k48 Month CD - Branch
0.40%$500$2,500k36 Month CD - Branch
0.30%$500$2,500k24 Month CD - Branch
0.20%$500$2,500k16 Month CD - Branch
0.10%$500$2,500k6 Month CD - Branch
0.10%$500$2,500k9 Month CD - Branch
0.10%$500$2,500k12 Month CD - Branch
0.05%$500$2,500k1 Month CD - Branch
0.05%$500$2,500k3 Month CD - Branch

BBVA Compass has 670 locations. Click to view all BBVA Compass locations.