Benefits
Savings account features
Apply today, and enjoy an online savings account with no quarterly Service Charge, plus features that give you the opportunity to:
Earn interest on your savings account balance.
Access your money, with up to 4 withdrawals per statement cycle fee free.
Pay no ATM fees at BBVA USA ATMs.
Get 24/7 access with an award-winning Mobile Banking app.
Link to a BBVA checking account for overdraft protection.
Open a savings account online with a $25 minimum opening deposit.
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.
RATES
Online savings account interest rate
Earn interest on your entire account balance with a BBVA Online Savings Account. The more you deposit, the greater the opportunity to grow your interest earnings.
| Daily Collected Balance | APY+ | Interest Rate |
|---|---|---|
|
All balances |
0.050% |
0.05% |
Rates current as of 08/30/2018 and subject to change.
+Annual Percentage Yield. Rate is variable and subject to change. Fees could reduce the earnings on the account. See important terms and conditions for BBVA Online Savings.
Savings account fees
Learn how to waive the fee below, and view all BBVA Online Savings Account terms and fees in the Printable Summary.
Paper Statements: $3 per quarter1
Opt for free electronic account statements and eliminate the $3 quarterly paper statement fee when you turn off paper statements through Online Banking.
Printable Summary
View a printable, detailed summary of account terms and fees with the BBVA Online Savings Account:
With a BBVA Online Savings Account, you’ll enjoy:
Frequently asked questions
How does a savings account work?
With a traditional savings account, you deposit money into the account and earn interest on your balance.
You can access your money in person at a BBVA branch or ATM with no withdrawal limits. Federal law, however, 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 per month.
How do I open a savings account?
Opening a BBVA Online Savings Account is easy. Apply online in minutes to get started today!
What is the minimum deposit for a savings account?
You’ll need a minimum deposit of $25 to open the account. Once your account is open, there is no minimum balance requirement.
What’s the minimum age to open a savings account?
You must be 18 to open an individual savings account. If you are under 18, you can open a joint account with a parent or guardian.
Am I subject to a credit check when I open a savings account?
Yes, a credit check is performed when opening a savings or checking account. However, it is considered a “soft hit” and has no impact on your credit score.
If you are establishing or rebuilding your credit, BBVA offers Easy Checking and a suite of Second Chance Banking products designed to help you work toward a bright financial future.
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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.
1Paper Statements: You will receive a paper account statement by mail. There is a Paper Statement Fee of $3.00 per statement cycle; however, you can choose to turn off Paper Statements and receive your account statements electronically through Online Banking at no additional charge. Visit our turn off paper statements page for more information.
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.