*Annual Percentage Yield (APY) current as of November 20, 2020. See rate chart below for more details. Fees could reduce the earnings on the account. Interest rates and Annual Percentage Yield are subject to change at any time at the discretion of BBVA.  Account must be opened by clicking Open Now on this page. Offer only available in certain states. See additional details.

Benefits

Take advantage of a Money Market Account interest rate and more

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

Potentially earn more by increasing your BBVA Relationship.

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)

PROMOTIONAL RATES

Promotional BBVA 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 are not eligible for the rates below. This rate does not apply to business money market accounts.

Please see below for Money Market Relationship Base Rates.

Promotional Period Rate Chart:

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

%

%

$5,000,000+

%

%

Choose Your Region to See Money Market Rates

Your banking region is currently set as   . If not correct, please change your banking region.

For accounts opened online only. Annual Percentage Yield (APY) is current as of November 20, 2020.  The promotional rate is guaranteed for 3 months from the account opening date. After that time the rate will become variable and is subject to change at any time at the discretion of BBVA. APY calculation combines fixed promotional rate for the guaranteed period with the current Relationship Base Rate in effect at the time of account opening for the remainder of the twelve month period. Since Relationship Rates are subject to change at any time without notice, the calculation assumes today’s rates will remain in effect for this period. Fees may reduce earnings on account. After the promotional period, your total BBVA relationship will be evaluated and you have the chance to earn higher rates through Relationship Pricing. 

Please see below for Relationship Rates and Relationship Pricing Details.

RELATIONSHIP PRICING RATES

BBVA Money Market Account Relationship Rates1


Your relationship with BBVA will be reviewed at the end of each calendar month for the application of Relationship Pricing. At that time, the interest rate and APY applied to your account will be determined based on the Relationship Base Rate Chart, the Total Deposit Balance Rate Component cart and the Additional Relationship Rate Component chart (your “Relationship Rate”). Your Relationship Rate will be determined by adding the applicable Relationship Base Rate and the Components together. Please see Relationship Review disclosure below for more information.

Each Annual Percentage Yield (APY) in the charts below is current as of November 20, 2020. APY and interest rates are variable and subject to change at any time at our discretion. We may change any Rate Component at any time, which means your interest rate and APY may change.

Relationship Base Rate Chart

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

%

%

$5,000,000+

%

%

Choose Your Region to See Money Market Rates

Your banking region is currently set as   . If not correct, please change your banking region.

If you are a Wealth customer with a Private Banker or an International Relationship Manager, please request the Wealth Relationship Base Rate Chart from your banker.

Relationship Pricing Components1
Total Deposit Balance Rate Component: Your Total Deposit Balance is determined by adding the Posted Balance in your consumer checking, consumer savings, consumer money market and CD accounts with the Bank at the time of relationship review.  Accounts and relationships will be reviewed at the end of each calendar month. See Relationship Review disclosure below for additional information. For money market accounts with multiple account holders, please note Joint Account disclosure below.

Total Deposit Balance Tiers Interest Rate APY

Less than $100,000

0.00%

0.00%

$100,000 to $999,999.99

0.020%

0.02%

$1,000,000 or more

0.040%

0.04%

Additional Relationship Rate Component: Relationships eligible for the Additional Relationship Rate Component include:

  • Checking Account Component: If you have a BBVA checking account with a minimum end of month Posted Balance of $10,000.00. 
  • Direct Deposit Component: If you have three or more Qualifying Direct Deposits totaling at least $15,000 in the last three months (each direct deposit must be at least $1,000). Direct Deposit may be to BBVA Consumer Checking, Consumer Savings or Consumer Money Market Account. Please see Qualifying Direct Deposit disclosure below.   
  • Qualifying Consumer Lending Component: If you have one or more active Consumer loans or Consumer lines of credit with a total end of month outstanding balance of at least $10,000.00.  Not all loans qualify; please see Qualifying Loans disclosure below.

Accounts and relationships will be reviewed at the end of each month. See Relationship Review disclosure below.  For money market accounts with multiple account holders, please note Joint Account disclosure below.

Number of Additional Relationships Interest Rate APY

One Additional Relationship

0.020%

0.02%

Two or more Additional Relationships

0.040%

0.04%

Fees

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:

FAQs

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 BBVA Money Market 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.

1Additional Information about Relationship Pricing:  

Relationship Review: Accounts and balances are reviewed on the last calendar day of each month to determine your Total Deposit Balance Rate Component and Additional Relationship Rate Component. Any Relationship Rate changes will be made on the 20th calendar day after your relationship is reviewed.  When the 20th day falls on a non-Business Day, changes to your Relationship Rate will be made on the next Business Day.  For accounts opened without a promotional rate, your relationship will be reviewed at the end of the calendar month that your account is opened.  For accounts opened with a promotional rate, your relationship will be reviewed at the end of the promotional period based on your relationship at the end of the most recent month. If your promotional period ends on or after the 20th of the month you will be evaluated in the following month. Note:  Accounts opened through a third party but held at BBVA USA (e.g. Simple accounts) will not be included in the relationship review.

Joint Accounts: For money market accounts with multiple account holders (joint accounts), accounts that include at least the same account holders as the money market account will be included in the Total Deposit Balance Rate Component and Additional Relationship Rate Component. For more details, check Terms and Conditions.  

Qualifying Direct Deposit: A qualifying direct deposit is a recurring paycheck, pension or government benefits (such as Social Security) deposit from your employer or the government into a checking, savings or money market account at the bank. For more details, check Terms and Condition

Qualifying Loans: Qualifying loans are consumer loans and consumer lines of credit, except for overdraft protection lines of credit (ODP LOC).

Certain withdrawal transactions from savings and money market accounts may result in the account being reclassified as non-interest bearing if limits are exceeded. The following withdrawal transaction types are limited to six (6) per month: transfers to another deposit account with BBVA or to a third party by means of a pre-authorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from a savings or money market account). There is no limit on the number of withdrawal transactions from such accounts when made in person at a BBVA banking office or at an automated teller machine. Withdrawal transactions of any type in excess of the Excess Transaction Fee limit will be subject to a fee.