Savings Accounts
|
Account Type |
|
Interest Rate |
Minimum
to Open |
Minimum to
earn APY |
|
|
Regular Savings |
|
|
$100 |
|
|
|
$100 & Over |
--- |
--- |
|
$100 |
|
|
$0 – 99.99 |
--- |
--- |
|
$0 |
|
|
|
Investment Savings |
|
|
$100 |
|
|
|
$1,000 & Over |
--- |
--- |
|
$1,000 |
|
|
$100 – 999.99 |
--- |
--- |
|
$100 |
|
|
$0 – 99.99 |
--- |
--- |
|
$0 |
|
|
 |
* APY – Annual Percentage Yield.
Interest rate and annual percentage yield may vary. We may change the interest rate at any time at our discretion. Regular Savings Interest is compounded on a daily basis and is credited to your account on the last business day of every month. Investment Savings Interest is compounded on a monthly cycle basis and credited to your account at the end of the monthly statement cycle.
Fees could reduce earnings on your account.
You must maintain a minimum collected balance of $100 in the account each day to obtain the disclosed annual percentage yield. Interest does not accrue on days your ending collected balance is less than $100.
When your Investment Savings collected balance is greater than $1,000, you may earn a higher interest rate than on balances below $1,000. Pre-authorized or automatic transfers of withdrawals from the account, including telephone transfers, are limited by law to six per statement cycle, three of which may be by check to a third party. Transfers between accounts of the depositor in person or by mail and withdrawals in person or at a Commerce Bank ATM are unlimited. Each depositor insured up to $100,000.
