Frequently asked questions

Opening a Money Market Account

 

Why should I open a money market account?

Money market accounts are a good choice if you have a lump sum of money, want to earn a higher rate of interest than with a regular savings account, and still want easy access to your funds.

How is a money market account different from a regular savings account?

In most cases, you will earn a higher rate of interest on a money market account than with a regular savings account. Money market accounts often have slightly more restrictive transaction limits, meaning you can only access your money a certain number of times per month, while regular savings accounts have less restrictive transaction limits.

What is the minimum opening deposit for a money market account? 

The minimum opening deposit for a BBVA Money Market Account is $25.

What is the minimum balance for a money market account?

There is technically no minimum balance requirement to keep your account open.

 

Get started with a money market account

Want to start earning more interest on your savings? Learn more about our BBVA Money Market Account.