High Yield MMA: BBVA Compass ClearChoice Money Market

BBVA Money Market Account
  • Less than $10,000 - 0.05% APY;
  • $10,000 to $4,999,999 - 1.20% APY;
  • $5,000,000+ - 0.25%.

Open an account: Save brighter with a 1.2% APY Money Market account from BBVA Compass

  • Products offered only in Alabama, Arizona, California, Colorado, Florida, New Mexico, Texas
  • Minimum opening deposit: $25;
  • Earn tiered interest rates to grow your money faster;
  • Monthly Service Charge: $15. No Service Charge when the minimum daily collected balance of the quarter is $10,000 or more. No Service Charge if you have an automatic, recurring monthly transfer of $25 or more from a BBVA Compass checking account to your BBVA Compass ClearChoice Money Market account in effect at the time the service charge would be assessed.

 


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Who Needs A Savings Account?

When your savings outgrow your piggy bank, it's time to put those greenbacks in a real bank. Much safer and more convenient than hiding your money under your mattress, bank accounts also help you build your savings (often with interest) as you learn the basics of banking. Because everyone has to start somewhere, the most common type of bank account is a personal savings account. With a focus on long-term growth, these accounts allow no more than 6 withdraws per month under federal law.



Advantages Of Having A Large Bank As High Interest Savings Account Provider

Only about ten percent of U.S. banks have over one billion dollars in total assets. The rest are mostly locally owned and operated community banks. Because these financial institutions are relatively small and cannot leverage their assets like the big banks, they cannot offer the same banking products and services. As a member of the Big Four banks in the United States, Bank of America invites customers to grow with them. Many new clients begin with a regular savings account and later upgrade to more advanced accounts based on their changing financial needs.

 

 

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