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).

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?

• Traditional
• IRA

What APY does BBVA offer on its CDs?

BBVA CD offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

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

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

What types of early withdrawal penalties does BBVA CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

BBVA does not charge an early withdrawal fee.