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Compass Banking

The Fauquier Bank's Relationship Banking is designed for our clients who keep higher balances in their accounts and want to earn a higher interest rate.

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Compass Banking Benefits

  •  eDocs
  • Higher interest rates compared to other MMAs.
  • Return of Check Images
  • TFB MasterCard® Debit Card
  • Free Online Banking
  • Free Bill Payment
  • Use Other Institutions' ATMs at No Charge*
  • Thank You Gift with Account Opening

*Not applicable to all account types. TFB will not charge a fee for the use of other institutions’ ATMs. Other institutions may impose a fee for the use of their ATMs. TFB will rebate up to four such fees each statement cycle. Bank rules and regulations apply. Ask us for details. Please see a Schedule of Fees for other charges that may apply.

TFB Compass Banking Accounts

AccountsCompass CheckingCompass Money Market*
 APY**

0.10% APY**

Minimum to earn APY** if qualifications are met  & APY**

 $500.00 - 0.90%
$25,000.00 - 0.95%
 $50,000.00 - 1.00%
$100,000.00 - 1.05% 

If qualifications are not met, rate converts to the Compass Checking rate.

Monthly Service Fee

$25 if balance falls below $2,500* 

 NA

Additional Requirements

Compass MMA, enrolled in eDocs 

 Compass checking, enrolled in eDocs

Minimum Opening Deposit

$50

 $500

View Rates

If you have over $250,000 in liquid assets, you may qualify for Private Banking.
Each depositor insured up to $250,000. *To avoid the $25 maintenance fee the customer must meet one of the following qualifications: $2,500 minimum daily balance, $5,000 in qualifying direct deposits per statement cycle in either Compass Checking or Compass MMA, or $25,000 combined average daily balance in Compass Checking and Compass MMA. See below for more details about avoiding the fee and earning Compass Advantage interest rates listed in the chart. **APY= Annual Percentage Yield

Avoid $25 maintenance fee by meeting one of the following:

  •  Having a daily balance of $2,500
  • $5,000 in qualifying direct deposits per statement cycle in either the Compass Checking or Compass MMA
  • $25,000 combined average daily balance in Compass Checking and Compass MMA

Earn interest on Compass MMA by meeting one of the following:

  • 10 qualifying Compass Checking debit card transactions (POS only)
  • $5,000 in qualifying direct deposits per statement cycle in either Compass Checking or Compass MMA.

Account Management Tools

 

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