BBVA Compass Clear Choice Money Market Account Review

BBVA Compass is based in Birmingham, AL. It was founded in 1964 and offers its money market accounts in 48 states (and Washington, DC).

If you're considering a money market account and want to know whether BBVA Compass Clear Choice Money Market Account is right for you, read on.

Is BBVA Compass Clear Choice Money Market Account insured by the FDIC?

FDIC insured. BBVA Compass Clear Choice Money Market Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in money market accounts up to $250,000 per depositor if a member institution fails.

What are the BBVA Compass Clear Choice Money Market Account rates?

BBVA Compass Clear Choice Money Market Account offers an APY starting at 0.05% and ranging up to 2% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $25.

BBVA Compass Clear Choice Money Market Account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.05% - 2%

What are the BBVA Compass Clear Choice Money Market Account fees?

BBVA Compass Clear Choice Money Market Account does not charge a monthly maintenance fee. This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $10,000.

BBVA Compass will charge you a $10 fee if you exceed your maximum number of monthly transactions.

BBVA Compass will allow you to make up to 6 transactions per month. That is also the maximum set by federal regulations for money market accounts.

BBVA Compass Clear Choice Money Market Account Fees

Fees	Amount
Monthly Fee	up to $15
Paper Statement Fee	$0
Excess Transaction Fee	$10

What is the minimum balance for BBVA Compass Clear Choice Money Market Account?

Minimum initial deposit of $25. You must make an initial deposit of at least $25 to open this account. Monthly maintenance minimum balance of $10,000. You can avoid the monthly fee if you keep a minimum balance $10,000. Interest rate minimum balance of $25. You must keep the account balance above $25 to earn interest.

What features and perks does BBVA Compass Clear Choice Money Market Account offer?

This account includes the following features:

• Check Writing - BBVA Compass Clear Choice Money Market Account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Automatic savings - Set up an automatic transfer from your checking account and you'll never have to second-guess your saving decisions again.
• Mobile Banking Services - BBVA Compass Clear Choice Money Market Account allows you to manage your money online.

How to open an account with BBVA Compass

• Visit the BBVA Compass website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.