bank rates

BBVA: Best Bet In 60-Month CD Rates

For a big bank, BBVA Compass’ 60-month CD rates aren’t bad.

BBVA Compass is paying 2.30% APY with a minimum $500 deposit.Its rates are still well below those on our CD Rates Leaderboard, but certainly better than many large banks and thrifts out there.

BBVA Compass is paying 2.30% APY with a $500 minimum deposit.

That’s 0.68% higher than the current average yield of 1.62%, which is the highest average yield of 2011.

Of course, we should note the 60-month leader on the CD Rates Leaderboard is paying 3.00% APY with a $500 minimum deposit.

That’s right, 3.00%. Woo hoo!

BBVA Compass has 716 branches in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.

And although you have to set your banking area to get CD rates online, we couldn’t find any variance in rates between the states BBVA serves.

Unfortunately, the other CD rates at BBVA Compass aren’t really much better than average:

6-month CD rates are 0.40% APY versus an average rate of 0.30% APY. (Top Leaderboard rate is 1.15% APY.)

12-month CD rates are 0.85% APY versus an average rate of 0.48% APY. (Top Leaderboard rate is 1.41% APY.)

36-month CD rate is 1.30% APY versus an average rate of 1.05% APY. (Top Leaderboard rate is 1.75% APY.)

There are definitely better deals out there, and you’ll find them if you compare BBVA Compass’s returns with the best CD rates from scores of other banks in our extensive database.

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