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Money market account

What is the myRewards Money Market Account?

A money market account rewards you for growing your savings. Compared to a conventional savings account, money market accounts typically provide a higher yield for carrying a higher balance.


  • Grow your account through automatic transfers, direct deposit or individual deposits.
  • Commerce pays you a bonus of a half percent on the average collected month-end balance for the previous 12 months, up to a maximum reward of $200 each and every year.1,2

Free Online Banking

  • Access electronic copies of your 1099 and certain other tax forms through Online Banking
  • Order up to seven years of account statements and check images on CD-ROM through Online Banking

Min. Opening Deposit

  • $0

Interest Paid

  • Compounded Monthly

Minimum Balance

  • $500 daily balance OR $1,000 average daily balance for the monthly cycle each month OR at least one monthly electronic deposit, including Online Banking transfers, of $25 or more3

Monthly Service Charge

  • $64 (if balance not met)

Check Writing Privileges

  • Yes; Up to 6 checks per month


  • Up to 6 withdrawals or transfers per month
  • Free access to funds through any Commerce ATM, our 24-hour Account Information Line and Online Banking

Statement Options

  • Paperless Statement - Free5
  • Paperless Statement with Images $1 per month, Paper Statement $3 per month, Paper Statement with Images $4 per month5

Open a MyRewards Money Market Account

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  1. To be eligible for the bonus Reward, you must maintain a Commerce Free, CommerceInterest or CommerceRelationship checking account. We will pay an annual bonus reward of 0.5% APY of the average collected month end balance in your myRewards Money Market account for the previous 12 months, up to a maximum of $200. Reward credited the 13th month after account opening, and annually thereafter. Annual Percentage Yield is 0.02% as of 10/4/19 on balances of $100 or greater and 0.00% APY on balances below $100. Rate may change after account is opened. Incentive of $10 or greater reported as interest to the IRS. Fees may reduce earnings.

  2. Subject to change – can be discontinued at any time.

  3. Daily balance means ending ledger balance in the account each day. You must maintain the $500 minimum daily balance every day of a month or a $1,000 average daily balance for the monthly cycle, or have at least one electronic deposit of $25 or more during the month to avoid a service charge that month. Electronic deposits include ATM deposits, wire transfers, ACH, Online Banking transfers or automatic transfers set up from another DDA or savings account.

  4. Monthly service charge waived for first 60 days after new account opening. This 60-day grace period does not apply to existing or converted accounts.

  5. Must activate Online Banking and sign up for paperless statements to get free monthly paperless statement. Fee for other statement options waived for first 60 days after new account opening. This 60-day grace period does not apply to existing or converted accounts.

Deposit Agreement & Disclosures