The Fauquier Bank Wordmark Logo The Fauquier Bank Wealth Management Wordmark Logo

Compass Banking

A superior personal checking solution for Fauquier Bank clients who maintain higher balances and want to earn a higher interest rate.

Contact Us

 

Are you looking for the benefits of a money market checking account in Northern Virginia? The Fauquier Bank’s unique Compass Banking solution is designed for people with a higher balance in their deposit accounts. Grow your money faster with our unique combination of interest-bearing checking and a high-yield money market account.

Is the money market account a checking account? With Compass Banking, the two account types are linked. Enjoy the liquidity of a checking account with convenient access to your funds through unlimited check writing, ATM withdrawals, and the use of a TFB MasterCard® Debit Card. Plus, earn interest on both your Compass Checking and Compass Money Market account balances.

TFB's Compass Banking accounts work together to help you find your way to the best return on your deposit account balances. Your money will also be protected by FDIC insurance on balances of up to $250,000 (for insurance on higher balances, check out our CDARS and ICS program). Overall, Compass Banking is a risk-free way to maintain a larger balance and earn interest to grow your balance, while preserving liquidity and access so you can use your Compass Checking to pay bills and cover everyday expenses.

Compass Checking and Money Market Account 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

Our Compass Banking Suite combines the benefits of an Interest-Bearing Checking Account and a High-Yield MMA into a superior personal checking solution for clients who maintain higher balances and want to earn a higher interest rate.

AccountsCompass CheckingCompass Money Market*
 APY**

0.10% APY**

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

 $500.00 - 1.05%
$25,000.00 - 1.10%
 $50,000.00 - 1.15%
$100,000.00 - 1.20% 

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

How to Earn Interest on a Compass Money Market Account

We keep it simple! Just meet one of the following conditions:

  • 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

How to Avoid the $25 Maintenance Fee

Meet any one of the following conditions:

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

Find your way with Compass Banking

The Fauquier Bank is an independent community bank offering a full range of financial products and services. Since 1902, we've been dedicated to serving communities in Prince William and Fauquier counties. To learn more about Compass Banking and the rest of our deposit account options, contact us or visit one of our 11 retail branch offices in Manassas, Haymarket, Bristow, Gainesville, Warrenton, The Plains, New Baltimore, Catlett, and Bealeton. Our friendly associates are here to help!

Account Management Tools

 

Have Questions?

Back to Top