Savings Accounts
myRewards Savings grows with you.
Save. Grow. Rewards.
Experience rewards that help you save toward the goals you choose!
Make monthly savings deposits for 11 months in a row, and Commerce will reward you by making your 12th month’s deposit up to $20 per account, up to a maximum of $40 per household for all eligible accounts.1 footnote 1
Open a bank account online and enjoy the rewards!
With a Commerce Bank myRewards Savings account opens in a new window, you’ll have access to:
Control
My Savings Accelerator tools such as Round Up and SmartSave — can help make saving effortless.3 footnote 3
Safety. Growth.
Commerce myRewards Savings
- Minimum deposit to open: $0
- Monthly service fee: $5 monthly or waived6 footnote 6,7 footnote 7
Perks
- Interest compounded daily
- No minimum opening deposit required
- FDIC insured5 footnote 5
- Monthly service fee waived if minimum balance requirements are met: $300 daily balance OR at least one monthly electronic deposit, including Online Banking transfers, of $25 or more6 footnote 6
- Access to funds through any Commerce ATM, our 24–Hour Account Information Line, and Online Banking opens in a new window is free up to three withdrawals or transfers per month; $2.00 for each additional transaction
- 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
- Free Paperless Statements8 footnote 8; $3.00 per month for Paper Statements8 footnote 8,9 footnote 9
Questions about which account is right for you?
Challenge Accepted.®
My Savings Accelerator makes saving simple.
Knowing how to save — or even how much you can save — can be challenging. But with My Savings Accelerator tools like SmartSave and Round Up, you can take control of your strategy, remove the guesswork, and make saving effortless. Best of all, there’s no fee to use SmartSave or Round Up.
Ideas and 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.
Simple ways to save money.
Many Americans are feeling the pinch as the United States experiences record high inflation. Here are some ways to tighten your budget.
How to make a budget for the new year
Making a budget can help you reach your financial goals. Use this guide to learn steps for planning a budget, budgeting methods and goal setting.
Disclosures:
* Annual Percentage Yields (APYs) effective: January 31, 2025 on all balances. There is no minimum balance requirement to earn the APY. Rate(s) may change after account is opened. Fees could reduce earnings on the account. Enter your ZIP code opens in a new window for current rate. Incentive of $10 or greater reported as interest to the IRS.
- Subject to change — can be discontinued at any time without notice. To qualify for the annual matching deposit Reward, you must: 1) make 11 consecutive monthly deposits, per myRewards Savings account; and 2) make 4 or fewer withdrawals per year, per myRewards Savings account. Total matching Reward determined by adding the average monthly deposit during the previous 11 months for each myRewards Savings account, per household, per year, on up to 5 myRewards Savings accounts. Maximum matching Reward $20 per account, maximum total matching Reward $40 per year per household. Reward credited annually starting in the 12th month after the first deposit. Incentive of $10 or greater reported as interest to the IRS.
- Message and data usage fees apply; check with your wireless or VoIP provider for more information.
- My Savings Accelerator is offered through invitation for qualifying accounts.
- 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 opens in a new window.
- Daily balance means ending ledger balance in the account each day. You must maintain the $300 minimum daily balance every day of a month 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.
- 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.
- 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.
- Savings Statements are provided monthly when there are electronic deposits or withdrawals during the monthly statement cycle; otherwise, they are provided quarterly.
Deposit Agreement & Disclosures
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