BBVA Compass unveils new checking, savings products as it continues revamp of deposit accounts
- Straightforward banking solutions
- New offerings are designed with specific customer banking needs and habits in mind
- ClearConnect Savings is the bank's latest digital offering
November 21, 2013
BIRMINGHAM, Ala., Nov. 21, 2013 /PRNewswire/ -- BBVA Compass today unveiled a new premium checking account and three new savings options, the latest step in its overhaul of consumer deposit products launched last month that increases value for customers and simplifies the bank's offerings.
The accounts — BBVA Compass ClearChoice Premium CheckingTM, BBVA Compass ClearChoice Money MarketTM, ClearConnect SavingsTM and BBVA Compass ClearChoice SavingsTM — continue the bank's efforts to lower and eliminate fees and build products customized to customers' specific banking needs and habits.
"We're offering value and straightforward solutions across our entire deposit products line," said Shawn O'Brien, consumer segment director for BBVA Compass. "These latest additions offer even more choices for our clients, including easy-to-understand ways to avoid service charges."
The BBVA Compass ClearChoice Premium Checking account pays interest and is designed for clients enrolled in Preferred Client Plus — a program that rewards individuals who have a strong relationship with the bank.
BBVA Compass ClearChoice Money Market was created for those who maintain significant money market balances and expect to earn rates higher than traditional savings accounts.
ClearConnect Savings represents BBVA Compass' latest digital offering and was created as a complement to ClearConnect Checking, launched in October for customers who prefer to bank on the go via online and mobile channels.
BBVA Compass ClearChoice Savings is an option for consumers who value the branch experience.
All of the new accounts are offered online through the bank's website, by phone at 1-800-COMPASS and at its branch offices.
About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 687 branches, including 351 in Texas, 90 in Alabama, 78 in Arizona, 64 in California, 45 in Florida, 38 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration and was recently awarded the 2013 Celent Model Bank Award for its new core banking platform. Additional information about BBVA Compass can be found at www.bbvacompass.com.
BBVA Compass is a trade name of Compass Bank, member FDIC.
Savings accounts are subject to approval. Checking accounts are subject to approval, which may include credit approval. $25 minimum opening deposit. Miscellaneous fees and service charges apply. Additional terms may apply. Please refer to the Terms & Conditions for each product or service for complete details. Products, features, and benefits offered with accounts are subject to change.
SOURCE BBVA Compass
For further information: Ralph Evans, Corporate Communications, 205.297.3038, firstname.lastname@example.org