Happy New Year!
BBVA Compass continues to offer the 2.00% APY for 60-month CDs that we first reported on back in May.
That tops the best nationally available 60-month CD rate on our CD Rates Leaderboard by a fifth of a percentage point.
It should go without saying that this rate tops the average annual yield large banks and thrifts pay for the 60-month term, which is a record-low 0.90%.
Best of all, this rate appears to be offered in all of the states where BBVA has branches: Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.
What a nice way to wrap up 2012. Thanks, BBVA Compass.
Sunbelt savers can also find 24-month CDs for 1.25% APY, which falls just below the term’s top Leaderboard rate of 1.30% APY but far above the average annual yield of 0.44%, also a record low.
BBVA requires a $500 minimum deposit for all of its CDs.
These are definitely the best of the bunch, although you’ll find above-average rates for its other standard- and odd-term offerings.
Although you can begin the process over the phone, you have to visit a branch to finalize the purchase of a BBVA Compass certificate of deposit.
So, you have to live in one of those states where BBVA Compass has one of its more than 710 branches.
To see the rates for your area, go to the website and select your banking region from the pull-down menu on the CDs page.
Learn more about BBVA Compass at www.bbvacompass.com or call 800-266-7277.
There are definitely better deals out there, and you’ll find them if you compare BBVA Compass’ returns with the best CD rates from scores of other banks in our extensive database.