Commerce Bank Premium Money Market Account

Commerce Bank Premium Money Market Account Review

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

Key Takeaways

• Low annual percentage yield (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

Commerce Bank Premium Money Market Account FAQ

Are money market accounts from Commerce Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

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

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?

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:

• Check images with statement - Reconciiling your account and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - Commerce Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Commerce Bank Premium money market allows you to manage your money through online banking and a dedicated mobile app.

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.