Commerce Bank myRewards Money Market Account Review

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

Are money market accounts from Commerce Bank federally insured?

Yes, your Commerce Bank money market accounts 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 Commerce Bank myRewards Money Market Account rates?

Commerce Bank myRewards Money Market Account offers an APY of up to 0.02% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $0.

What are the Commerce Bank myRewards Money Market Account fees?

What is the minimum balance for Commerce Bank myRewards Money Market Account?

No minimum initial deposit. Commerce Bank does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $500. You can avoid the monthly fee if you keep a minimum balance $500.

What features and perks does Commerce Bank myRewards Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

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.