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Last Updated: 04/18/2025

Commerce Bank myRewards Money Market Account

from Commerce Bank

Last Updated: 04/18/2025

Commerce Bank myRewards Money Market Account logo
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Highlights

APY (Annual Percentage Yield)

0.01%(Verified 06/21/2024)
Disclaimer popup with additional information

Minimum Balance to Earn APY

$100

Minimum Opening Deposit

Starting at $0

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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 money market are available in 11 states.

Key Takeaways

  • Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.01.
  • Charges a monthly fee. This account charges a monthly fee of up to $6, but the fee may be waived if you keep a minimum balance of$500.
  • No minimum initial deposit. There is no minimum balance required to open an account.

Pros & Cons of Commerce Bank myRewards Money Market Account

Commerce Bank myRewards Money Market Account FAQ

Are money market accounts from Commerce Bank federally insured?

Yes, your deposits are insured 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 money market rates?

Commerce Bank 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 $100.

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

This account charges a monthly maintenance fee of up to $6. You can avoid this fee by maintaining a balance of $500.

What is the minimum balance for Commerce Bank money market?

No minimum initial deposit. Commerce Bank does not require a minimum initial deposit to open an account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $500.
Interest rate minimum balance of $100. You must keep the account balance above $100 to earn interest.

What features and perks does Commerce Bank money market offer?

This account includes the following features:
  • Fraud monitoring - Commerce Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Commerce Bank 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 account 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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.

Contact

Headquarters

1000 Walnut Street
Kansas City, MO 64106
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Email Support

Hours of Operation

Sunday
Closed
Monday
8:00AM - 8:00PM
Tuesday
8:00AM - 8:00PM
Wednesday
8:00AM - 8:00PM
Thursday
8:00AM - 8:00PM
Friday
8:00AM - 8:00PM
Saturday
8:00AM - 4:00PM

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APY (Annual Percentage Yield)

0.01%
Disclaimer popup with additional information

Minimum Balance to Earn APY

N/A

Minimum Opening Deposit

Starting at $1K
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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

0

-1000+100
No one recommends
Everyone recommends
The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

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