BBVA Compass Brings Back ClearChoice Money Market Promo Rate


Deal Summary: ClearChoice Money Market Promotion, 2.40% APY on all balances, new money, new customers.

Availability: Available online in 41 states and the District of Columbia.

Over the past few years, BBVA Compass has occasionally offered promotional rates on its ClearChoice Money Market. The latest offering is a 2.40% APY on all balances, which is a departure from previous promotions that offered tiered APYs. The 2.40% APY is available to “new money market customers without a BBVA Compass money market in the last 30 days.” New money, defined as “funds not currently with BBVA Compass,” is also required for the minimum $25 opening deposit.

Unlike previous ClearChoice Money Market promotions, the stated APY is not guaranteed for any specific length of time.

Interest rates and Annual Percentage Yield are variable and are
subject to change at any time at the discretion of BBVA Compass.

Currently, the non-promotional rates for the ClearChoice Money Market are truly unremarkable: 0.05% APY (up to $100k), 0.10% APY ($100k-$1m), and 0.15% APY ($1m+).

With such low rates, the lack of a rate-guarantee period is worrisome. While the 2018 promotion required a $10k minimum balance to earn the stated APY, it was balanced with a 12 month rate guarantee. Caveat emptor.


There are fees associated with the ClearChoice Money Market, some of which can be avoided:

  • Monthly Service Charge $15, which will be waived if,
    • A minimum daily balance of $10k+ is maintained in the ClearChoice MMA, OR

      An automatic, recurring monthly transfer of $25 or more from a BBVA Compass checking account to the ClearChoice MMA is in effect at the time of the service charge.

  • Early Account Closing fee of $25, if account closed within 180 days of opening.
  • Dormant Fee of $5 per month.
  • $10 Excess Transaction Fee “charged for each withdrawal transaction in excess of 6 per statement cycle.”

Thanks to the DA reader who emailed me about BBVA Compass’s latest promotion.

What if I don’t live in one of the 41 states/DC?

Good news – the seven states that have BBVA Compass branches are offering a promotion rate on the ClearChoice Money Market.

Bad news – it’s a substantially lower 1.90% APY on balances of $10k+. Balances below $10k earn 0.05% APY. All other ClearChoice Money Market conditions and requirements apply.


Headquartered in Birmingham, Alabama, BBVA Compass offers the ClearChoice Money Market account nationwide, but the 2.40% APY online promotional rate is “only available for accounts opened with an address” in any of 41 named states or the District of Columbia.

According to the Bank’s website, the seven states (AL, AZ, CA, CO, FL, NM, TX) that have BBVA Compass branches are offering a promotional 1.90% APY on the ClearChoice Money Market.

Note: if my math seems off (41 states +7 states 50 states), it’s because Alaska and Hawaii aren’t listed for either the 2.40% APY or 1.90% APY. According to CSR, the ClearChoice Money Market is only offered to residents of the continental United States.

Opening a ClearChoice Money Market can be done online, with the APY offered based on the state you list with your address.

For a brick-and-mortar experience, you can open a ClearChoice Money Market at any of the 645 branches located in Alabama (88), Arizona (63), California (61), Colorado (37), Florida (45), New Mexico (18), and Texas (333). Another option is to contact BBVA Compass (1.800.266.7227) and open an account over the phone.

Bank Overview

BBVA Compass has an overall health grade of "A" at, with a Texas Ratio of 5.99% (excellent) based on December 31, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $2.26 billion, an excellent annual growth rate of 3.69%. Please refer to our financial overview of BBVA Compass (FDIC Certificate # 19048) for more details.

BBVA Compass was originally established in 1964 as the Central Bank of Birmingham (Alabama). In more than 50 years of continuous operation, BBVA Compass has acquired 28 banks in seven states and changed its name five times. The BBVA Compass name was adopted when BBVA (a bank holding company out of Spain) acquired Compass Bancshares in 2007. Currently ranked as the 31st largest U.S. Bank, BBVA Compass has assets in excess of $90 billion and more than 2.9 million customer accounts.

How the Money Market Promotion Compares

When compared to the 179 Money Market accounts tracked by that are available nationwide, BBVA Compass’ ClearChoice Money Market Promotion APY currently ranks third, regardless of minimum balance requirements.

The above rates are accurate as of 3/6/2019.

To search for MMA rates, both nationwide and state specific, please refer to the Money Market rates section of

Related Pages: money market accounts, nationwide deals

  |     |   Comment #1
Not enough to tempt me to a bank that otherwise has sub-par savings rates. I'd stay with an ally or other bank that offers consistent and mostly competitive rates.
  |     |   Comment #3
I would not be looking at Ally. They have not been competitive compared to Redneck. Ally I think is at 2.20% on their MM? Redneck is 2.5%.
  |     |   Comment #2
Yawn. Wake me up when someone offers significantly above 2.47% like Redneck......I made the mistake of chasing rates last year. No more. Northern was great for about 5 minutes. It's just not worth it when I'm fairly sure Redneck will keep up with any rate increases.
  |     |   Comment #4
2.40% is not bad for a large brick & mortar bank. But I have no need for a brick & mortar bank.

Northern increased their rate to 2.50% with a $250k limit for existing customers.
Of course, their website is just as subpar as AAs.
  |     |   Comment #11
I saw that....It's good but guess I will just stick with Redneck for now. Might keep Northern for a while just in case.
  |     |   Comment #5
I already have an existing account would it be hard pull if i open this
  |     |   Comment #6
STAY AWAY. BBVA will lower their rates in less than 5 weeks as BBVA has done before.
Rat Fink
  |     |   Comment #7
Compass is a good Bank, but they never tell or offer current customers a MM rate increase without the Customer asking for it. In fact you would never know an increase ever occurred. Why does it have to always be new customers who get the new higher rate. Seems this should change or look for another Bank who offers a higher rate as new money. Love the Bank, just not the policies.
  |     |   Comment #9
The banks make their profits from the ignorant and stupid customers, it will not stop any time soon. If a bank lowers the rate(s) or is not raising it for the old customer, close the account and leave, that way, the churn will make their banking habits expensive. It costs over $300 per year to maintain and acquire new customer.
Rat Fink
  |     |   Comment #8
Compass was paying me 0.15% for (right at) 2 years while a rate increase was in force for much more at the time (1.69%). Was never told. Looks like they would support their customers a little better in their offers to match others. Just down the street found 3.10%. Guess where I went. Now that is a nice increase, but their greed lost a customer. So, guess it pays to shop around, huh!
  |     |   Comment #10
Twenty year customer. Not only will they not give best rates at a branch, they won’t give existing customers best rate who have current money market account. Quite a bogus way to maintain loyalty. We keep only our basic checking there now because it’s very hard to get a safe deposit box anywhere now. New branches aren’t built with them anymore, I’m told.
  |     |   Comment #12
Similar experience ... long time in-branch customer, keeping only minimal balance there. We repeatedly had to ask for better rates, and just got tired of it.
No names
  |     |   Comment #13
They promise a 100 dollar bonus if you keep your account with 10k but I have not received this bonus posted to my MMA at years end. My checks were lost or stolen, result a security risk to my money not account, not good for me.
BBVA Compass Offers Money Market Promotional Rates Nationwide
Deal Summary: ClearChoice Money Market, 1.25% APY, $10k min/$5m max, new money, new customers.

Availability: Available nationwide online only.

In the past few years, BBVA Compass has occasionally offered promotional rates on its ClearChoice Money Market. The current promotion earns 1.25% APY on balances between $10k and $5m. Balances below $10k earn 0.05% APY and 0.25% APY on balances of $5m+. New money, defined as “funds not currently with BBVA Compass,” is required for the opening deposit; the minimum opening deposit is $25.

Note: Unlike previous...

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Availability: Available nationwide online. Market area includes Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.

In the past few years, BBVA Compass has offered competitive rates on Featured CDs, albeit for a limited time. The latest is a 13-month Featured CD with varying APYs, depending if opened online (1.35%), or in-branch (1.15% in some branches; 1.35% in others).

A minimum deposit of $500 opens the 13-month Featured CD, with a maximum deposit of $250K for CDs opened online.

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Last week, BBVA Compass began offering a 19-month CD with APYs ranging from 1.20% to 1.40%. A minimum deposit of $500 opens the 19-month CD and there is no maximum balance cap.

The various rates are determined by state and whether the CD is opened online or in-branch. To determine which rates apply to your particular state, go to the Featured CDs page and click on,

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$150 Checking and Savings Promotion at BBVA Compass in Certain States

BBVA Compass is offering another checking account promotion. In this latest one, you can earn up to $150, but it will take a year to earn the full amount. Refer to this BBVA Compass promotions page for the full details. The checking account must be opened by September 30, 2014. Below is a summary of what’s required:

  • First open up your BBVA Compass ClearChoice Checking account.
  • Then, within two calendar months, add a BBVA Compass savings or Money Market account, if you don't already have one.
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More Past Offers

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.