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  BBVA CD

BBVA CD

in CD Accounts from BBVA · Member fdic

Claimed

BBVA CD

Claimed

in CD Accounts from BBVA · Member FDIC

SuperMoney Net Recommendation Score -67

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.

-67

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

0 users recommend
2 users are unsure
4 users don't recommend
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Highlights
Community Rating Strongly not recommended
Minimum Opening Deposit Starting at $500
Deposit Term
  • 12 months
  • 3 years
  • 11 months
  • 18 months
  • 15 months
APY (Annual Percentage Yield) 0.05%
Number of Reviews 6

BBVA CD Review

BBVA CD is offered by BBVA, a bank founded in 1964 and based in Birmingham, AL. BBVA CD is available in 50 states (and Washington, DC).

Key Takeaways
  • Small selection of CD account types. BBVA Compass CD only offers traditional and IRA CDs.
  • Low APY. The maximum annual percentage yield for this account is only 0.05.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
  • Wide selection of CD terms. BBVA Compass CD allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of BBVA CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
BBVA CD FAQ

Are cd accounts from BBVA federally insured?

Yes, your BBVA cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #19048). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does BBVA offer?

BBVA Compass CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but BBVA Compass CD offers a CD that is specifically for retirement.

What CD rates does BBVA offer on its CDs?

The CD rates for this account have an APY of0.05% (APY stands for annual percentage yield, rates may change).

What terms does BBVA Compass CD offer?

BBVA offers CD terms of the following lengths:
BBVA CD Rates & Terms
Description
11-Month APY 0.05%
3-Year APY 0.05%
12-Month APY 0.05%
APY (Annual Percentage Yield) 0.05%

What is the minimum deposit to open a CD account with BBVA?

BBVA Compass CD requires a minimum deposit of $500 to open an account.

What is the grace period for BBVA Compass CD?

There is a 10-day grace period for BBVA Compass CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does BBVA Compass CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

BBVA does not charge an early withdrawal fee.

BBVA CD Fees
Description
Annual Fee $0
Rollover Fee $0
Transfer Fee $0
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Annual Fee $0
Rollover Fee $0
Transfer Fee $0
Minimum Opening Deposit Starting at $500
11-Month APY 0.05%
3-Year APY 0.05%
12-Month APY 0.05%
APY (Annual Percentage Yield) 0.05%
CD Accounts
  • Traditional
  • IRA
Grace Period for Account Changes 10 days
Deposit Term
  • 12 months
  • 3 years
  • 11 months
  • 18 months
  • 15 months

BBVA CD Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.

-67

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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