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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
Minimum Balance to Avoid Monthly Fee $300
Minimum Direct Deposit to Avoid Monthly Fee $25
Minimum Opening Deposit Starting at $0

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.

Commerce Bank Savings Account Features
Description
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee

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 Opening Deposit Starting at $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
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.02%

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