Commerce Bank Premium Money Market Account

Unaffiliated

in Money Market Accounts from Commerce Bank

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Highlights
APY (Annual Percentage Yield)	0.01%
Minimum Balance to Earn APY	N/A
Minimum Opening Deposit	Starting at $1,000

Commerce Bank Premium Money Market Account Review

Commerce Bank Premium Money Market Account is offered by Commerce Bank, founded in 1865 and based in Kansas City, MO. Commerce Bank Premium Money Market Account is available in 11 states across the USA.

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only 0.01.
No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $5,000.
$1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros & Cons of Commerce Bank Premium Money Market Account

Pros	Cons
Does not offer mobile check deposits.	No signup bonus. Does not provide a debit card. Not FDIC-insured. Only available in 11 states. Monthly service charge.

Commerce Bank Premium Money Market Account FAQ

Are money market accounts from Commerce Bank federally insured?

No, your Commerce Bank money market accounts are not insured by a federal insurance agency. This means that if Commerce Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What are the interest rates for Commerce Bank Premium money market rates?

Commerce Bank Premium Money Market Account Rates and Terms
Rates	Amount
APY	0.01%

Commerce Bank Premium money market offers an APY of up to 0.01% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $.

What are the fees for Commerce Bank Premium Money Market Account?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $5,000.

Commerce Bank Premium Money Market Account Fees
Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	$0

What is the minimum balance for Commerce Bank Premium money market?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $5,000.

What features and perks does Commerce Bank Premium money market offer?

This account includes the following features:

What is the customer service phone number?

The customer service number for this business card is (816) 234-2000.

What is the support contact email?

The support contact email for this business credit card is mymoney@commercebank.com.

How to open an account with Commerce Bank

Visit the Commerce Bank website.
Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
Check the information is accurate and submit your application.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.