Business Prime Investment
All Markets
Opening Deposit |
$50,000 minimum |
|
Eligibility |
All businesses |
|
Transaction limitations |
Unlimited in-person transactions* |
|
Interest |
Earned at a tiered rate when the daily Collected Balance is $50,000+ |
|
Service Charges |
Average Daily Collected Balance |
Monthly Fee |
$10,000 or more |
None |
|
Below $10,000 |
$15.00 per month |
|
Excessive Transaction Fee* |
$15 per item if transactions exceed 6 |
|
| Return Cancelled Checks |
$5.00 |
|
Effective 1/1/2006
*Unlimited in-person transactions
Withdrawals
and internal transfers made in person at any Compass banking office
are unlimited. Withdrawals and transfers not made in person are
limited to six per month. For Business Money Market Investment and
Business Prime Investment accounts, no more than three of them may
be by check. Withdrawals and transfers not made in person are governed
by law, and if exceeded, could result in the Bank reclassifying
the account.