The BBVA Compass Build My Savings plan offers a matching funds bonus of up to $250 per year when you set up automatic transfers from a checking account to a savings account.
BBVA Compass bank is available to customers in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.
Just set up a savings plan with an automatic transfer from your BBVA Compass consumer checking account to your Build My Savings account to receive a matching bonus on a percentage of your transfers for up to $250 each year.
Check out this BBVA Compass Build My Savings Promo for more details.
There is a $25 minimum opening balance required for the Build My Savings account, and your savings plan must include an automatic, reoccurring, pre-authorized transfer of at least $25 per transfer.
The matching bonus is limited to $250 per year, or $125 for the 6-month plan.
The amount of your annual match bonus is based on your opening balance, transfer amount, and the length of your savings plan (6, 12, 18, 24, 30, or 36 months).
They will match from 1% to 6% of your transfers, but not to exceed $125 on a 6-month plan, or $250 per year on all other plans.
You will receive your match bonus within 30 calendar days following the end of each 12-month period of your savings plan.
If you have set up a 6-month term, you will receive your match bonus within 30 calendar days following the end of the 6-month period of your savings plan.
It’s important to note that each time you make a withdrawal from the Build My Savings account, a $10 fee will be charged.
However, once you’ve completed your savings plan, your account will revert to a Basic Savings account, at which time you can withdraw your funds without a penalty (please note that your automatic transfers will continue until you cancel).
You’ll have to open a new Build My Savings account in order to participate in this offer, as you can not convert your current savings account into a Build My Savings account.
Plus, there is a BBVA Compass $100 Personal Checking Bonus available for a limited time as well, so you can open that account first, and then participate in the Build My Savings plan.
Take advantage of the BBVA Compass Build My Savings program to earn a matching bonus of up to $250 per year.