BBVA Compass Bank CD Rates and Review

January 8, 2011 No Comments »

BBVA Compass Bank is one the largest US banking franchises and operates in the sunbelt region of the United States. They are 2nd largest bank headquartered in Alabama and just barely within the top 30 largest banks in the country by asset size with a little over $66 billion.

Headquartered in Birmingham they operates more than 720 branches throughout Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. They control $49 billion in consumer deposits and service almost $44 billion in loans.

BBVA Compass Bank’s CD rates offer flexible terms with a wide range of maturities – from 7 days to 15 years. Plus, they generally provide competitive rates (see today’s Compass Bank CD rates here). They also offer flexible interest payment options. You can get your interest paid to you by check or transfer to another account on a monthly, quarterly or semi-annually basis.

Compare with today’s highest CD rates nationally here.

BBVA Compass Bank’s CD Rates:

(Rates accurate as of January, 2011 and surveyed in Southern California)

- 1 month CD yielding 0.15% APY with a minimum deposit of $500 required to open.

- 3 month CD yielding 0.15% APY with a minimum deposit of $500 required to open.

- 6 month CD yielding 0.40% APY with a minimum deposit of $500 required to open.

- 9 month CD yielding 0.60% APY with a minimum deposit of $500 required to open.

- 12 month CD yielding 0.85% APY with a minimum deposit of $500 required to open.

- 18 month CD yielding 0.65% APY with a minimum deposit of $500 required to open.

- 30 month CD yielding 0.60% APY with a minimum deposit of $500 required to open.

- 36 month CD yielding 1.10% APY with a minimum deposit of $500 required to open.

- 48 month CD yielding 1.50% APY with a minimum deposit of $500 required to open.

- 60 month CD yielding 1.75% APY with a minimum deposit of $500 required to open.

BBVA Certificate of Deposit Terms and Conditions:

- $5,000 minimum balance required to earn Annual Percentage Yield (APYs).

- Substantial interest penalty for early withdrawal. APYs current as of 11/12/2010. $1,000,000 maximum deposit.

- Rates are subject to change.

- Fees could reduce the earnings on the account.

Compass Bank Reviews:

You can find a number of BBB (Better Business Bureau) ratings of BBVA Compass Bank, however, they are broken down by branch, so just because a branch in Texas received a B+ rating, for example, doesn’t mean an Alabama or Arizona branch will be the same. In general, however, the BBB ratings for all BBVA Compass Bank locations have been in the B range. A number of complaints have come up though around fees associated with a number of their accounts. While the potential for fees with their deposits are much smaller (see above for exact terms and conditions) you will want to carefully look through their fine print if you’re opening a checking account in conjunction with a deposit.

Contact Info:

15 South 20th Street
Birmingham , AL 35233
1-800-266-7277

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