Minimum deposits on all Compass CD rates are $5,000 to open and maintain the account. There are penalties for early withdrawal.

The 1 and 3 month terms both offer an annual percentage yield (APY) of 0.15%. A six month terms gets a 0.40% APY and a 9 month term pulls a 0.60% APY. These are nationally competitive.

For a 12 month term, rates at 1.10% APY – better than average – and for 18 months it drops to 1.05% APY.

Two years gets 1.20% APY while 30 months gives a 1.30% APY. 36 months offers a 1.55% APY and 48 months gives a respectable 2.00% APY. Highest CD rates are offered on a 60 month term at 2.40% APY.

The most competitive of these current CD rates are the 9 and 12 month offers as well as the 24 month rates.

Of course, all accounts at Compass (dba BBC Compass) are fully FDIC insured for security. Current rates could be different depending on your location and are subject to change at any time. Consult with a financial adviser before making any major financial decision. Compass is a regional bank and may not offer rates in your area.

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Compass Bank CD Rates Update

Compass Bank also offers a lot of flexibility in terms of duration and the interest payment period. One can choose any period of maturity from 7 days to 15 years and the interest payments are made monthly, quarterly, semi-annually, yearly or at the end of the period, according to the instructions of the customers. This flexibility is probably one of the reasons why it is the 15th largest US commercial bank in terms of deposits.

The Compass Bank CD rates are 0.15% APY for up to 3 months and it is 0.40% for 6 months. The Compass CD rates for 9 months is 0.70% and for 12 months is 1.00%. It is 1.05% for 18 months, 1.40% for 24 months, 1.30% for 30 months, 1.65% for 36 months, 2.10% for 48 months and 2.50% for 60 months respectively.

These current CD rates are one of the highest CD rates in the region and this makes it a very lucrative option for investors looking to earn a good rate of interest on their investment. The minimum amount of investment is $5,000 for any term and all deposits are insured by FDIC. There can be penalty for early withdrawal and investors must keep this in mind before investing. In short, this is a good savings option.

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Compass Bank CD Rates