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Savings that grows with you

myRewards Savings

A savings account from Commerce Bank that pays you to save for your goals.

Open an account


  • Open up to five different special purpose savings accounts and watch your savings grow toward each of your goals.
  • Nickname each account in Online Banking according to your goal — car, house down payment, college, travel, holiday gifts — whatever!
  • 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.1,2 The bonus reward is calculated as an average of your deposits made to each myRewards Savings account during the previous 11 consecutive months. To be eligible for the annual matching deposit, you may not have more than four withdrawals per year, per myRewards Savings account.
  • Automatic transfers from checking make it easy, and you can track your progress using Online Banking, personalized with nicknames you choose.
Minimum Opening Deposit •   $0
Interest Paid •   Compounded Daily
Minimum Balance •   $300 daily balance OR at least one monthly electronic deposit, including Online Banking transfers, of $25 or more3
Monthly Service Charge •   $5.00(If balance is not met)
Check Writing Privileges •   No
Transactions •   Up to three withdrawals or transfers per month; $2.oo for each additional transaction
•   Free Access to funds through any Commerce ATM, our 24–hr Account Information Line and Online Banking
Online Services •   Free Online Banking
•   Access to 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
Statement Options •   Paperless Statements — Free5
•   Paper Statement — $3.00 per month for Paper Statements5

Savings Statements are provided monthly when there are electronic deposits or withdrawals during the monthly statement cycle; otherwise they are provided quarterly3.

Open a myRewards savings account

Friends looking at a phone together

$50 for you and $50 for your friend.

Earn up to $500 in Visa® Reward Cards when you refer friends and family.6


  1. 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. Annual Percentage Yield is 0.01% as of 6/12/2024 on all balances. Enter your zip code for current rate. Rate may change after account is opened. Fees may reduce earnings. Incentive of $10 or greater reported as interest to the IRS.

  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 $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.

  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.

  6. Get a $50 Visa® Reward Card for every friend and family member you refer to open and use a new Commerce personal checking account, up to $500. Terms & Conditions apply and are available at link opens in a new window..

Deposit Agreement & Disclosures