A current account for trusts that is available to be held in sterling allowing up to 30 day-to-day transactions*per month without incurring a transaction fee. A minimum opening deposit of $5,000 is required. No interest is paid on balances below $100,000.

*Day to day transactions on this account are: cheque withdrawals; cash machine withdrawals; cash withdrawals over-the-counter; Standing Orders, Direct Debits; bill payments and electronic payments

Term Deposit AccountFor Trusts with funds of $50,000 or more Compass Bank can offer fixed term deposits between 3 months and 36 months, with an interest rate which is fixed on the day of deposit. Interest rates are fixed on the day of deposit and interest is paid out at maturity.

Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of Swiss Investment Private Bank. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.