BBVA Money Market Account Review

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

Are money market accounts from BBVA federally insured?

Yes, your BBVA money market 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 are the BBVA Money Market Account rates?

BBVA Money Market Account 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 Account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.01% - 0.05%

What are the BBVA Money Market Account fees?

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 transactions per month. That is also the maximum set by federal regulations for money market accounts.

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 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 Money Market Account offer?

This account includes the following features:

• Check Writing - BBVA 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.
• Fraud monitoring - BBVA monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - BBVA Money Market Account allows you to manage your money online.

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.