Frequently asked questions

CDs vs. Regular Savings Accounts


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.

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 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. 


Get started with a Certificate of Deposit (CD)

Want to start earning more interest on your savings? Learn more about our BBVA Certificates of Deposit (CDs).