Money market account features

With a BBVA Money Market Account, you'll enjoy great features that give you the opportunity to:

Enjoy a competitive money market interest rate.

Access your money, with up to 6 withdrawals per month fee free.

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

Get 24/7 access with an award-winning Mobile Banking app. 

Link to a BBVA checking account for overdraft protection. 

Ready to switch to BBVA?

Want to move your funds to BBVA, 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)


Money market account rates

Open a new BBVA Money Market Account online, with funds not currently with BBVA to enjoy the money market rates below.* If you have an existing BBVA Money Market Account or have opened one in the last 30 days, you may not be eligible for the rates below. This rate does not apply to business money market accounts.

Interest rates and Annual Percentage Yield are variable and are subject to change at any time at the discretion of BBVA.

Please see our Terms and Conditions to view Standard Rate tiers.

Daily Collected Balance Interest Rate APY*

Less than $10,000



$10,000 to $19,999



$20,000 to $49,999



$50,000 to $99,999



$100,000 to $249,999



$250,000 to $999,999



$1,000,000 to $2,499,999



$2,500,000 to $4,999,999






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Money market account fees

Learn how to waive the fees below, and view all BBVA Money Market Account terms and fees in the Printable Summary.

Monthly Service Charge: $15

Waive the monthly Service Charge when you take one of the actions below:

  • Maintain a minimum daily collected balance for each month of $10,000 or more. OR
  • Set up an automatic, recurring monthly transfer of $25 or more from a BBVA checking account to your BBVA Money Market account. This transfer must be in effect at the time the Service Charge is assessed.
Printable Summary

View a printable summary of account services and fees with the BBVA Money Market account:

View Pricing, Requirements, and Terms

With a BBVA Money Market Account, you’ll enjoy:


Frequently asked questions

How do I open a money market account?

We offer three easy ways to apply:

What do I need to open a money market account?

To apply for a money market account, you’ll need the following information and documentation:

  • Social security number
  • U.S. driver’s license or state ID number
  • Date of birth
  • Primary address and contact information

You’ll also need to confirm that you are:

  • A U.S. citizen and permanent resident
  • 18 years or older

If you’re opening this account with someone else, also known as opening a joint account, this information is required for them as well. The minimum opening deposit is $25.

How much does a money market account cost to open?

It’s completely free. A minimum deposit of $25 is required to open the account; this is not a fee.

What’s the minimum balance for a money market account?

The minimum opening deposit for a BBVA Money Market Account is $25. After that, there is technically no minimum balance, but you should keep enough money in the account to avoid overdrafts.

What are the service charges on a money market account?

You will be charged a $15 monthly Service Charge. This service charge is waived if you have a daily collected balance of $10,000 or you have an automatic monthly transfer of at least $25 from a BBVA checking account to your money market account.

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.

*Promotional Rates: Annual Percentage Yield (APY). APY is for accounts opened online only. Customers with an existing BBVA money market account, or who have had one in the last 30 days are not eligible for the rates above. A new money market account must be opened with funds not currently with BBVA in order to receive the rates above. Interest rates and Annual Percentage Yield are variable and are subject to change at any time at the discretion of BBVA.  Fees may reduce earnings on account. Limitations may apply.

To obtain current rate information at any time, call 1-844-BBVA USA or visit APYs accurate as of May 20, 2021.

Standard Rates: To learn about our current standard money market rates, please see the Terms and Conditions.

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 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 banking office or at an automated teller machine. Withdrawal transactions are subject to Excess Transaction Fees.