Premium Money Market Account
Experience savings that earn and grow with you.
Accumulate. Access. Amplify.
A Commerce Bank Premium Money Market Account helps you grow your savings and offers many of your favorite features of traditional checking and savings accounts. And, as your balance grows, your interest rate increases. It’s our way of rewarding you for carrying a higher balance and growing your savings. Your Premium Money Market Account offers easy ways to access your funds including checks, debit card, automatic deposits and direct deposits. Learn about our most competitive interest rates for money market accounts by visiting a Commerce Branch near you. Or start your money market account application online.
Open a money market account online and enjoy the benefits!
With a Commerce Bank Premium Money Market Account opens in a new window, you’ll have access to:
Convenience
Visa® Debit Card for ATM withdrawals and deposits
Evolve. Expand.
Commerce Premium Money Market
- Minimum deposit to open: $1,000
- Monthly service fee: $12 monthly or waived4,5
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Interest rate increases as your balance grows6
Perks
- Interest compounded monthly. Interest rate increases when balances reach $24,999.00 and $99,998.006.
- FDIC insured3
- Monthly service fee waived if minimum balance requirements are met: $5000 daily balance.4,5
- Access to funds through any Commerce ATM, our 24–Hour Account Information Line, checks and Online Banking opens in a new window.
- Activate Online Banking opens in a new window, download the Commerce Bank Mobile App (for iPhone® opens in a new window or Android® opens in a new window), and experience the convenience and control to bank whenever and wherever you choose.
Also available
Questions about which account is right for you?
Challenge Accepted.®
Ideas & Tips
Which Savings Option is Right for You?
Learn the differences between a savings account, money market account and certificate of deposit (CD) so you can make the best decision for your financial goals.
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* Annual Percentage Yields (APYs) effective: November 13, 2024. Rate(s) may change after account is opened. Fees could reduce earnings on the account.
- Message and data usage fees apply. Check with your wireless or VoIP provider for more information.
- Fees may apply for External Transfers, depending on the speed of the transaction. U.S. checking or savings account is required to use Zelle®.
- The FDIC protects the money depositors place in insured banks. Each depositor is insured to at least $250,000 per insured bank. To look up your account’s FDIC protection, use the FDIC Electronic Deposit Insurance Estimator.
- You must maintain the $5,000 minimum daily balance for the monthly cycle to avoid a service charge that month.
- Average daily balance is calculated by adding the ending ledger balance in the account for each day of the monthly cycle and dividing by the number of days in the monthly cycle. You must maintain the minimum average daily balance for the monthly cycle to avoid a service charge.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ending collected balance in the account each day. If your statement cycle ends during a weekend, we will pay interest by projecting the balance from the prior business day. If your balance changes significantly over that weekend, we will make an interest adjustment on the first business day of the next statement cycle. Interest rate is based on five tier levels.
- Must activate Online Banking and sign up for paperless statements to get free monthly paperless statement.
