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  BBVA Money Market Account
BBVA Money Market Account
in Money Market Accounts from BBVA · Member FDIC
Claimed

BBVA Money Market Account

Claimed
in Money Market Accounts from BBVA · Member FDIC
Net Recommendation Score 0  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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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Highlights
Community Rating

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APY (Annual Percentage Yield) 0.01% - 0.05%
Minimum Balance to Earn APY $25
Minimum Opening Deposit Starting at $25

BBVA Money Market Account Review

BBVA Money Market Account is offered by BBVA savings accounts, a bank founded in 1964 and based in Birmingham, AL. BBVA Money Market Account are available in 48 states (and Washington, DC).

Key Takeaways

  • Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.05.
  • Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $10,000.
  • Small minimum initial deposit. You only need $25 to open an account.

Pros & Cons of BBVA Money Market Account

Pros Cons
  • Available in 48 states.
  • Does not offer mobile check deposits.
  • Free debit card
  • No signup bonus.
  • Monthly service charge.

BBVA Money Market Account FAQ

Are money market accounts from BBVA federally insured?

Yes, your deposits 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 are the interest rates for BBVA money market rates?

BBVA money market offers an APY starting at 0.01% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $25.

BBVA money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - 0.05%

What are the fees for BBVA Money Market Account?

This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $10,000.

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

BBVA will allow you to make up to 6 withdrawals or transactionss per month. That is also the maximum set by federal regulations.
BBVA 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 money market?

Minimum deposit of $25. You must make an initial deposit of at least $25 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $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 money market offer?

This account includes the following features:

  • Check Writing - BBVA money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - BBVA monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - BBVA money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is abuse@bbvausa.com.

How to open an account with BBVA

  • Visit the BBVA 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.
BBVA Money Market Account Disclosure: To avoid the monthly fee,: (1) Daily Collected Balance of at least $10,000 in this account; or (2) Have an automatic, recurring monthly transfer of at least $25 from a BBVA Compass checking account to your savings account when the Service Charge would be assessed.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 48 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $10,000
Minimum Balance to Earn APY $25
Minimum Opening Deposit Starting at $25
Monthly Fee $0 - $15
NSF Fee $32
Paper Statement Fee $0
Account Features
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Automatic Transfers
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01% - 0.05%
Dividend Compounding Frequency Monthly

BBVA Money Market Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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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