BBVA became the group’s name globally in June. Previously, it had different names around the globe.
BBVA has one of the highest APYs nationwide on its BBVA money market account. The account has both a top-tier APY and check-writing privileges. However, it does require an account balance of at least $10,000 or an automatic, recurring monthly transfer of at least $25 from a BBVA checking account in order to avoid the $15 monthly service charge. If you choose the latter route and have less than $10,000 in the account, you will earn a competitive yield eight times the national average. But it wouldn’t be as competitive as the BBVA money market account yield for those with balances more than $10,000. They earn a yield more than nine times the national average APY.
BBVA is a brick-and-mortar bank in seven states but also offers its high-APY BBVA money market account in 41 states and Washington, D.C. BBVA is a trade name of BBVA USA. It’s a member of the BBVA Group.