- List: This is the seventh year GOBankingRates has conducted research around national financial institutions
- BBVA Compass: "No-fee checking and a high 12-month CD APY" among reasons for list inclusion
- Criteria: Site surveyed FDIC's list of banks and took into account multiple products and rates
HOUSTON, Feb. 11, 2019 /PRNewswire/ -- BBVA Compass was recently named one of the 10 Best National Banks of 2019 by financial site GOBankingRates, a list compiled by extensive research around rates, fees and policies of the top banks in the nation.
This marks the seventh year GOBankingRates has curated its list of brick and mortar banks nationwide. This is the second consecutive year that BBVA Compass has made the site's list.
"For the last seven years, GOBankingRates has done the research for our readers to make choosing a bank easier," said GOBankingRates.com Lead Editor Laira Martin. "Whether you're looking for an online bank, national bank or just need a new savings or checking account, Best Banks has you covered."
The financial site lists the bank's free checking and a high 12-month CD APY as the top reasons for its inclusion on this year's list. In addition, GOBankingRates highlights the bank's $25 minimum requirement to open a checking account, unlimited check writing and free, interest bearing savings account.
"The Best Banks of 2019 will help you grow your money without gauging you with high fees," said Martin. "Consider what you value the most in your banking experience -- be it a state-of-the-art mobile app or exquisite customer service -- and look for that. It's easier to find than you might think."
In August, BBVA Compass gave customers the ability to take control of their finances with its latest Mobile Banking App release which integrated BBVA Compass Financial Tools. In October, the app was named a leader in both the ease of use and the customer service categories in Javelin Strategy & Research's 2018 Mobile Banking Scorecard, marking the fifth consecutive year the app has been recognized as a leader in mobile banking by the independent research firm.
To compile its list of top 100 banks GOBankingRates surveyed the FDIC's list of banks sorted by asset size, excluding non-active institutions, investment banks and any institutions that require customers to use investment services to access commercial bank accounts. This list of 100 banks includes 72 brick-and-mortar banks and 28 online-only banks according to the GOBankingRates database. No asset threshold was consulted for online-only banks.
For more information on the financial site's methodology in compiling its 10 Best National Banks of 2019 list, click here.
To learn more about BBVA Compass, visit: www.bbvacompass.com
About BBVA Group
BBVA (BBVA) is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, it has leading franchises in South America and the Sunbelt Region of the United States; and it is also the leading shareholder in Garanti, Turkey's biggest bank for market capitalization. Its diversified business is focused on high-growth markets and it 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 the best practices. More information about BBVA Group can be found at bbva.com
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 645 branches, including 332 in Texas, 89 in Alabama, 63 in Arizona, 61 in California, 45 in Florida, 37 in Colorado and 18 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 (6th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration (SBA) and ranked 6th nationally in the total number of SBA loans originated in fiscal year 2017. Additional information about BBVA Compass can be found under the Investor Relations tab at bbvacompass.com. For more BBVA Compass news, follow @BBVACompassNews on Twitter, visit newsroom.bbvacompass.com, or visit bbva.com.
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