BBVA Certificates of Deposit Rates (CDs)

BBVA offers some excellent CD options and some of the best CD rates, and flexible CD terms. There are currently five CD term options available with lengths between eleven months and three years

The minimum opening deposit is $500 – but there is no monthly Service Charge. With multiple term options, simply choose the CD terms that fit your financial needs best. Whether you apply online, in a branch or by phone, getting started with a CD takes only a few minutes.Local branches may have additional offerings but online CDs only come with terms lengths between eleven months and three years. Customers looking to use a CD as part of their retirement savings will like that all CDs are also available as part of an individual retirement account (IRA). 

Rates below are available only for CDs opened online

0.40%
1-year APY
0.50%
11-month APY
0.40%
36-month APY
  • Features
  • Deposit methods
$500
Daily
0.50%
0.4%
0.5%
0.4%

BBVA CDs Features

  • No maintenance fees. You won’t pay anything to keep your CD account.
  • Easy access. You can check on your CD anytime online, on the mobile app or at a branch.
  • 24/7 Access- Check on the status of your CDs online anytime, anywhere
  • Earn more with competitive online CD rates, competitive interest rates with a variety of terms options, for 12- month terms. For 12- CDs, you’ll find APYs that are better than what you’ll receive from most other banks.
  • Enjoy risk-free investing, with FDIC-insurance up to applicable limits, security. BBVA is a stable financial institution that’s also backed by FDIC deposit insurance, so you can be confident that your money is safe.
  • Term options. Choose a term length between 11 and 36 months.
  • Wide product selection. BBVA offers a suite of other personal banking products, making it easy to do all your banking in one place

Apply for a BBVA Certificate of Deposit (CDs)

BBVA offers a Certificate of Deposit account for a limited period of time. Purchasing a certificate provides the account holder with the opportunity to save  money and earn interest. The funds deposited on this account obligate the holder to keep the balance intact for the period set by the Bank. This commitment results in the money being saved and augmented by the amount of the interest earned based on the BBVA interest rate. BBVA’s interest rates are up to 0.50% APY.
The account can be opened and accessed online by virtue of online banking. It can also be opened by visiting a local branch. However, APY may differ depending on whether the account was opened online, in person, or by phone. There is a $500 minimum opening deposit fee.  BBVA rates for the Certificate of Deposit account opened online are as follows. For the period of 11 months, it is 0.50% APY. For a 12 month certificate of deposit account, the rate is 0.40% APY, while for the account of this kind that is limited to an 18 month period, the rate is 0.50% APY. BBVA interest rate for the Certificate of Deposit account that is limited to a 36 month period is 0.40% APY. 
The account does not come with a monthly service fee. The Federal Deposit Insurance Corporation (FDIC) provides insurance for deposits. For the Certificates of Deposit accounts limited to the period of up to 12 months, there is an early withdrawal penalty in the amount of $25 in addition to 1% of the amount withdrawn. For the Certificate of Deposit accounts set for the period longer than 365 days, an early withdrawal penalty is also $25 to which 3% of the amount withdrawn is added.

    Name 1-year APY 18-months APY 2-year APY 3-year APY 5-year APR
    CIT Bank Term CDs 1.35% 1.35% 1.3% 1.3% 1.4%
    Discover CDs 1.5% 1.5% 1.5% 1.55% 1.6%
    Radius Bank CDs 0.5% 0.5% 0.5% 0.5% 0.5%
    Chase CDs 0.01% 0.01% 0.1%
    BBVA CDs 0.4% 0.5% 0.4%
    Eligibility

    In order to open a BBVA Certificate of Deposit (CDs), you’ll need to meet a few eligibility requirements:

    • Valid US address
    • Social Security number or tax ID number
    • At least 18 years old
    Required Information

    To apply you’ll need to provide the following information:

    • Name, date of birth and address.
    • Social Security number or tax ID number.
    • Government-issued ID number.
    • Contact information.
    • Employment information.

    Find the BBVA savings account that's right for you

    BBVA Savings Account

    Start building your savings today with a BBVA Savings account. Earn interest on your balance, plus get easy access to your money when you need it.

    Benefits Include:

    • Earn interest on your entire savings account balance
    • Easily access your money when you need it
    • Enjoy 24/7 online access with Online and Mobile Banking
    • Link to your BBVA checking account for overdraft protection

    Apply for a savings account online today with a $25 minimum opening deposit.

    Learn More Open Now

    BBVA Online Savings Account

    Conveniently manage your savings from any place with an account optimized for digital access. 

    Benefits Include:

    • Pay no quarterly Service Charge
    • Earn interest on your entire savings account balance
    • Easily access your money when you need it
    • Enjoy 24/7 online access with Online and Mobile Banking
    • Link to your BBVA Online Checking account for overdraft protection

    Apply for a savings account online today with a $25 minimum opening deposit

    Learn More Open Now

    What other checking options does BBVA offer?

    If the BBVA Free Checking Account isn’t right for you, BBVA also offers a few other options:

    Frequently asked questions

    Am I guaranteed the listed APY for the length of my CD?

    Yes. Your bank will guarantee a certain rate of return.

    Are CDs safe?

    They’re one of the safest savings tools out there, in part because the Federal Deposit Insurance Corporation (FDIC) insures CDs up to $250,000.

    Do I have to pay a fee to open a CD?

    You’ll rarely have to pay a fee. If your bank charges one, consider opening a CD with another bank.

    Can I open a CD if I'm not a US citizen?

    Yes, but you’ll need to do so at a branch.

    What if I want a term that isn't on the BBVA website?

    Call BBVA  1-844-BBVA USA  or visit a branch to get more information on available terms and rates.

    How can I get in touch with BBVA customer service?

    Customer Service and New Accounts
    (Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas)
    1-844-BBVA USA
    (1-844-228-2872)

    Customer Service and New Accounts
    (other states)
    1-866-5-DIGITAL
    (1-866-534-4482)

    Online and Mobile Banking Customer Service
    1-800-273-1057

    Mortgage Origination Inquiries  
    1-888-8-LENDING
    (1-888-853-6346)

    Home Equity Loans and Home Equity Lines of Credit 
    1-844-443-2282

    Loan Customer Service 
    1-800-239-1996

    Automated Loan Payoff
    1-800-239-1966

    Credit Card Customer Service
    1-800-239-5175

    Investment Solutions Customer Service
    1-800-239-1930

    BBVA American Express Card Customer Service
    1-844-622-2282

    International (Mexico) Customer Service
    001-866-342-2512

    How do I cash in my CD?

    Once your CD reaches maturity, you’ll have the option to renew automatically unless you choose to withdraw your funds — which you can do by contacting BBVA and a requesting a withdrawal.

    Early withdrawal penalties

    Be careful about withdrawing money before your CD’s term length is up. Here are the early withdrawal fees you’ll pay:

    • CD with terms of 12 months or less: + a $25 fee plus 1% of amount withdrawn.
    • CD with terms greater than 12 months: + a $25 fee plus 3% of amount withdrawn.
    What are CD rates?

    The rate on a Certificate of Deposit (CD) refers to the interest rate you will earn on the funds in your CD account. The rate is usually expressed as a percentage APY, or Annual Percentage Yield

    How do I find current CD interest rates?

    You can always find current BBVA CD interest rates for your banking region on our Certificate of Deposit (CD) page

    When do I start earning interest on my CD?

    Your CD will begin earning interest on the business day you make your deposit, or when your deposit is received via mail or electronic transfer. Interest may be paid on a monthly, quarterly, semi-annual, or annual basis, or at maturity depending on the terms and conditions of your CD. At BBVA, interest payments will be made at maturity for CDs opened online.

    How is interest calculated on a CD?

    Interest on a CD is calculated by taking the amount of the CD and multiplying it by the interest rate. Because interest on CDs compound, any interest earned will be added to your account balance. Soon, your CD will begin earning interest on interest. How much compounded interest your CD earns depends on the frequency at which interest compounds, such as daily, weekly, or monthly. Factor in the term of the loan and you will have what is called Annual Percentage Yield, or APY.

    How much can I earn with a CD?

    There are several factors that determine how much you can earn with a CD:

    • Your account balance, or how much money you have in the account
    • The interest rate you earn on the account
    • The term of the account, or how long you will earn, typically expressed in months or years

    Because these factors do not change during your CD term, you should be able to calculate how much you will earn when you open your account.

    How will I be notified that my CD is going to mature?

    You will be sent written notice at least 10 calendar days before your CD matures. Most CDs automatically renew, which means they roll over into a new term automatically. You will have 10 calendar days after maturity to withdraw funds without penalty.

    How do I renew my CD account?

    At maturity, your CD renews automatically, unless you receive written notice to the contrary.

    • If your account is eligible for automatic renewal, you will receive written notice when your CD is about to mature, and you will have 10 calendar days to withdraw funds without penalty. If you choose not to close the account during this period, your CD will automatically renew on the same terms.
    • If your account is not eligible for automatic renewal, we will send you written notice at least 10 calendar days prior to maturity.
    How much will my CD be worth?

    At the end of your CD’s term, also known as maturity date, your CD will be worth the original deposited balance plus all interest earned during the term of the CD.

    How do I check my CD balance?

    BBVA gives you several options for checking your account balances:

    How is a CD different from a regular savings account?

    With a regular savings account, you can make deposits to and withdrawals from your account while earning interest. The minimum opening deposit for a BBVA savings account is $25. CDs may offer a higher interest rate than a regular savings account; however, you will not have penalty-free access to your money during the CD term, which is typically from one to three years. You cannot make additional deposits to a CD during the term. The minimum opening deposit for a BBVA CD is $500.

    What’s the difference between a CD and an annuity?

    A CD is a timed-deposit account in which you deposit money for a set period of time (term) and earn a fixed rate of interest. CD terms typically range from six months to three years, and if you withdraw funds before the end of the term, you will pay a penalty. At BBVA, the minimum opening deposit for a CD is $500. An annuity is actually an insurance product, not a deposit product, frequently used for long-term retirement savings. With an annuity, you invest an amount of money and after a period of time, you can receive payments from the annuity on a monthly, quarterly, or annual basis or you can request a one-time payment. The primary goal of an annuity is to provide a steady stream of income, typically during retirement.
    One of the biggest advantages of an annuity is you can invest significant sums and defer paying income taxes on your earnings until you start receiving payments. However, annuities are long-term instruments that may charge penalties if you withdraw funds within the first five to seven years. Fees can also be relatively high on annuities.
    As with any financial product, it makes sense to clearly understand the account and how it works—including fees and penalties—prior to opening an account.

    What’s the difference between a CD and a bond?

    Bonds are issued when investors loan money to an entity. Companies, municipalities, states, and governments issue bonds to raise money for operations, expansions, or special projects. Bonds are called fixed-income securities because they are issued for a defined period of time and earn a fixed rate of interest. Once the bond term is up, investors receive their original investment plus interest earned. You can purchase bonds through a bank, broker, or dealer.
    As with any financial product, it makes sense to clearly understand the account and how it works—including fees and penalties—prior to opening an account.

    What’s the difference between a CD and a money market account?

    A money market account is also an interest-bearing deposit account available at most banks and financial institutions. With a money market account, you can deposit money at any time and it will begin earning interest. Many money market accounts offer tiered interest rates. The more you deposit, the greater your opportunity to earn may be. There are three main differences between money market accounts and CDs:

    • Access: With money market accounts, you can access your funds at a BBVA branch or ATM at any time without penalty. You can also make deposits to your account at any time. With a CD, you cannot access your money during the CD term. If you do make a withdrawal, you will pay a penalty. You cannot make deposits to a CD during the term.
    • Interest: The tradeoff of having your money “locked up” in a CD is that you may earn a higher rate of interest than you do with a money market account.
    • Time: CDs are open for a determined time period, or term, whereas there are no set closing or maturity dates for money market accounts.
    What are the benefits of long-term CDs?

    The primary benefit of a longer-term CD is the ability to earn interest for a greater period of time.

    What are the benefits of short-term CDs?

    With a short-term CD, you’ll have access to your money sooner than with a long-term CD. All CDs are subject to penalties for early withdrawal.

    What is CD laddering?

    With CD laddering, you open multiple CDs that mature at staggered dates rather than one long-term CD. The benefits of this approach are having access to your money at frequent intervals and, if interest rates go up, you’ll have the ability to take advantage of the higher rates. For example, let’s say you have $5,000 you want to put in CD accounts. You could invest $1,500 in a 12-month CD, $1,500 in an 18-month CD, and $2,000 in a 36-month CD. As each CD matures, or the term is up, you can invest it in a longer-term CD, and repeat this as each CD matures. So, instead of tying all your money up for 36 months, you’ll have access to funds periodically and be able to take advantage of higher rates if they become available.