BBVA Compass ClearConnect Savings Account

Overview

Earn interest, plus enjoy no quarterly Service Charge

Start saving today for the opportunities that lie ahead of you.

Stop for a moment, and think about the future. Whatever you’re picturing, a savings account can help make it happen. Start growing your savings today with BBVA Compass ClearConnect Savings.

Benefits

Savings account features

Apply today, and enjoy an online savings account with no quarterly Service Charge, plus features that give you the opportunity to:

Earn interest on your entire savings account balance.

Access your money in person at a BBVA Compass branch or ATM.

Pay no BBVA Compass ATM fees at BBVA Compass ATMs.

Get 24/7 access with Online and Mobile Banking. 

Link to your BBVA Compass checking account for overdraft protection.

Open a savings account online with a $25 minimum opening deposit.

Ready to switch to BBVA Compass?

Want to move your funds to BBVA Compass, but don’t know where to start? Here’s a simple checklist to help you make the switch today.

Download the Consumer Switch Kit (PDF)

RATES

Savings account interest rate

Earn interest on your entire account balance with a BBVA Compass ClearConnect Savings Account. The more you deposit, the greater the opportunity to grow your interest earnings.

Daily Collected Balance APY+ Interest Rate

All balances

0.050%

0.05%

Rates current as of 09/06/2017 and subject to change.

+Annual Percentage Yield. Rate is variable and subject to change. Fees could reduce the earnings on the account. See important terms and conditions for BBVA Compass ClearConnect Savings.

Fees

Savings account fees

Learn how to waive the fee below, and view all BBVA Compass ClearConnect Savings Account terms and fees in the Printable Summary.  

Paper Statements: $3 per quarter1

Opt for free electronic account statements and eliminate the $3 quarterly paper statement fee when you turn off paper statements through Online Banking.

Printable Summary

View a printable, detailed summary of account terms and fees with the BBVA Compass ClearConnect Savings Account:

View Pricing, Requirements, and Terms

With a BBVA Compass ClearConnect Savings Account, you’ll enjoy:

FAQs

Frequently asked questions

How does a savings account work?

With a traditional savings account, you deposit money into the account and earn interest on your balance.

You can access your money in person at a BBVA Compass branch or ATM with no withdrawal limits. Federal law, however, limits transfers to another deposit account with BBVA Compass or to a third party by means of a preauthorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from a savings or money market account) to a total of six per month. 

How do I open a savings account?

Opening a savings account with BBVA Compass is easy. We offer three different ways to apply:

What is the minimum deposit for a savings account?

You’ll need a minimum deposit of $25 to open the account. Once your account is open, there is no minimum balance requirement. 

What’s the minimum age to open a savings account?

You must be 18 to open an individual savings account. If you are under 18, you can open a joint account with a parent or guardian.

Am I subject to a credit check when I open a savings account?

Yes, a credit check is performed when opening a savings or checking account. However, it is considered a “soft hit” and has no impact on your credit score.

If you are establishing or rebuilding your credit, BBVA Compass offers Easy Checking and a suite of Second Chance Banking products designed to help you work toward a bright financial future

Details you need to make a smart decision

All savings accounts are subject to approval. $25 minimum opening deposit required. Please refer to the Terms & Conditions for additional details. Additional terms and miscellaneous fees may apply. Products, features and benefits offered with accounts are subject to change at any time.

1Paper Statements: You will receive a paper account statement by mail. There is a Paper Statement Fee of $3.00 per statement cycle; however, you can choose to turn off Paper Statements and receive your account statements electronically through Online Banking at no additional charge. Visit our turn off paper statements page for more information.

Withdrawal transactions from savings and money market accounts are governed by federal law and, if transaction limitations are exceeded, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with BBVA Compass or to a third party by means of a preauthorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from a savings or money market account) to a total of six (6) per month. There is no limit on the number of withdrawals from such accounts when made in person at a BBVA Compass banking office or at an automated teller machine. Withdrawal transactions are subject to Excess Transaction Fees.