Money Market Investment Account
New Mexico
|
Opening Deposit |
$1,000 minimum |
|
|
Eligibility |
All businesses |
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|
Transaction limitations |
Unlimited in-person Transactions* |
|
|
Interest |
Earned at a tiered rate and credited Monthly |
|
|
Service Charges |
Average Daily Collected Balance |
Monthly Fee |
|
$2,500 or more |
No charge |
|
|
Below $2,500 |
$10.00 per month |
|
Charge per deposited item after 50 deposited items per month |
Drawn on Compass: $0.08/item, Local and Clearinghouse: $0.09/item, Non-Local and Other Federal: $0.10/item |
|
|
Excessive Transaction Fee* |
$10 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 govered by law, and if exceeded, could result
in the Bank reclassifying the Account.
