Website: https://www.bbvacompass.com

Authority: BBVA Compass is a large foreign owned US commercial bank that operates through the Sunbelt Region of United States. It operates about 670 branches including 344 in Texas, 89 in Alabama, 75 in Arizona, 62 in California and 45 in Florida.

How to open a BBVA Compass Certificate of Deposit

BBVA Compass indicates from its website that you should visit a local branch to open a deposit 

or contact them by telephone on 1-800-COMPASS for any information you may want to ask about deposits.

How are BBVA 1 Year CD rates determined

Like other commercial banks in the country, driving a banks net interest income is important with banks like BBVA to assist in driving profitability can adopt strategic measures that improve loan yields and reduces the cost of liabilities (deposits and wholesale funding). BBVA has a large branch network across the country which adds to a larger cost base compared to online banks that provide more competitive rates. In conjunction to bank profitability, fed rate hikes or decreases and even potential forecasts of these into the future can impact BBVA 1 year CDs since banks can change CDs on anticipation of monetary policy changes. 1 Year CDs are a short term product with BBVA Compass that offers less volatility and risk premium than its 4 year rates but more risk premium that its shortest CD of 1 month.

Please note that deposits for BBA Compass was 80% demand deposits and 20% time deposits in 2017 

About this 1 year deposit account

This BBVA Compass 1yr cd nterest rate applies to the State of California - 'Southern California', please refer to websites for other states. The rate requires a minimum of $500 to open