Compass Bank is one of the 25 largest banks in the U.S.  The bank is headquartered in Birmingham, Alabama and operates more than 720 bank branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico.  Compass Bank is a wholly owned subsidiary of BBVA. 

BBVA acquired Alabama based Compass Bank in 2007, BBVA Compass then acquired Guaranty Bank after it was seized by the FDIC in August 2009 which gave Compass the branches in California.  Guaranty Bank had operated 103 branches in Texas and 59 in California.

Compass Bank and the subsidiaries of BBVA provides its customers with a full range of financial services, including commercial and wholesale banking, retail banking services, consumer loans, mortgages, credit cards, securities brokerage, wealth management, pension plan management and insurance.

Compass Bank offers numerous savings options for consumers such as savings account, certificates of deposits, money market accounts and IRAs.  Compass Bank offers CD’s in all states in which they operate including FDIC insured bank CDs in California.  The California CDs offer flexible terms with competitive CD rates in California.

Compass Bank offers different promotional CD rates for each banking region they operate in.  The current CD rates in California offered by Compass Bank are some of the highest CD rates in the region.

The bank CDs have terms ranging from 7 days to 15 years.  The CDs also have flexible interest payment options including payment by check or transfer to another bank account monthly, quarterly, semi-annually, annually, or at maturity if the term is less than one year.

California certificate of deposit rates offered by Compass Bank include the following terms and rates:

1 month CD rate in California is 0.15% 
3 month CD has the same 0.15% rate. 
6 month CD rate is 0.40% 
9 month California CD rate is 0.60% 
1 year CD rate 0.90% 
18 month bank CD rate 1.05% 
2 year CD rate is 1.40% 
30 month bank rate is 1.30% 
3 year CD rate in California is 1.65% 
4 year CD interest rate 2.10% 
5 year CD rate 2.50% 

All bank CDs require a minimum deposit of $5,000.00 to open.  Bank rates and California CD rates promoted by Compass Bank are subject to change.  Rates current as of this publication March 13, 2010.  Additional conditions may exist to open these accounts.

For current CD rates and account information a Compass Bank representative can be reached at 1-800-266-7277.

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