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Compass Bank

Compass Bancshares, Inc. is a $30.1 billion financial holding company, servicing the southwest United States.  Compass operates 385 full-service banking centers in Texas, Alabama, Arizona, Florida, Colorado and New Mexico.   In 2004, Compass celebrated its 40th birthday, and was added to the S&P 500 index and the Dow Jones Select Dividend Index.  Additionally, Forbes named Compass (for the sixth year in a row) one of the best-managed companies in the United States.

Compass is among the top 30 U.S. bank holding companies by asset size, and ranks among the top earners of its size based on return on equity.   If you are interested in the option of debt consolidation, in order to eliminate your high-interest credit cards and other debts, a Compass Bank home equity lending product may be your solution. 

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Features and benefits of Compass Bank's products and services include:

Compass Home Equity Loans

  • Interest rates as low as 7.70%;
  • No closing costs;
  • Your interest may be tax deductible (consult your tax advisor);
  • Low monthly payments;
  • Manufactured homes are not eligible;
  • Property insurance is required;
  • Minimum loan amount of $10,000;
  • Repayment terms up to 10 years;
  • 0.50% interest rate discount for automatic payments with your Compass Bank checking account;
  • Not available for refinancing of first mortgage.

The rate table below will provide you with the current APR, based on the loan amount you are interested in.  However, rates can change frequently, so you should check with a Compass Bank Loan Specialist to obtain the latest rates.

Compass Bank Home Equity Loan Rate Table

Loan Amount



As low as 7.48%

$35,000 - $49,999

As low as 8.23%

$25,000 - $34,999

As low as 8.53%

$10,000 - $24,999

As low as 9.36%


Compass Equity Optimizer Line of Credit

  • For lines over $35,000, enjoy variable rates as low 7.70%;
  • Save with potentially tax-deductible interest (consult your tax advisor);
  • Maximum APR not to exceed 18%;
  • Property insurance required;
  • Minimum borrowing amount of $10,000;
  • Lock in up to three portions of your balance at a fixed interest rate;
  • Closing costs range from $300 to $1,000.

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* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.