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  Commerce Bank Savings Account

Commerce Bank Savings Account

in Savings Accounts from Commerce Bank · Member FDIC

Unaffiliated

Commerce Bank Savings Account

Unaffiliated

in Savings Accounts from Commerce Bank · Member FDIC

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Highlights
Monthly Fee $0 - $3
APY (Annual Percentage Yield) 0.02%
APY Minimum Balance N/A

Commerce Bank Savings Account Review

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

Commerce Bank Savings Account FAQ

Are savings accounts from Commerce Bank federally insured?

Yes, your Commerce Bank savings 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.

Does Commerce Bank offer a signup bonus?

Commerce Bank Savings Account doesn't offer a signup bonus.

What is the minimum balance for Commerce Bank Savings Account?

The minimum balance to open a Commerce Bank Savings Account is $0.
Commerce Bank Savings Account Account Minimums
Description
APY Minimum Balance N/A
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee $25
Minimum Balance to Avoid Monthly Fee $300

What APY does Commerce Bank offer?

Commerce Bank Savings Account offers an APY of 0.02% (APY stands for annual percentage yield, rates may change).

What features and perks does Commerce Bank Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Commerce Bank Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
  • Commerce Bank Savings Account Features
    Description
    Bank Account Features
    • No ATM Fees
    • Branch Access
    • Bauer Financial A+/A Rating
    • Automatic Savings
    • Free Bill Pay
    • Fraud Monitoring
    • Mobile Banking
    • Check Images with Statement
    • Interest Bearing Account
    • No Monthly Maintenance Fee
    • Mobile Check Deposit

What fees does Commerce Bank Savings Account charge?

Commerce Bank Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $300. Avoid the monthly fee by setting up a direct deposit of at least $25.

  • Outgoing domestic bank transfers come with a $40 fee.
  • Outoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Commerce Bank Savings Account charges $2 every time you request a paper statement.
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Availability

  Available in 11 states
  • Colorado
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Michigan
  • Missouri
  • Ohio
  • Oklahoma
  • Tennessee
  • Texas

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $300
Minimum Direct Deposit to Avoid Monthly Fee $25
Minimum Initial Deposit $0
Monthly Fee $0 - $3
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $11
Wire Transfer Fee - Domestic (Outgoing) $40
Wire Transfer Fee - International (Outgoing) $60
Bauer Financial A+/A Rating  
Bank Account Features
  • No ATM Fees
  • Branch Access
  • Bauer Financial A+/A Rating
  • Automatic Savings
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.02%

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SUPERMONEY NET RECOMMENDATION SCORE

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