Savings Account

myRewards Savings grows with you.

Save. Grow. Rewards.

Open a myRewards Savings account and earn while you save!^{footnote 1}

Make monthly savings deposits for eleven months in a row, and fewer than four withdrawals per year, and Commerce will give you a deposit reward up to $60 per account, and up to $100 per household for myRewards Savings accounts.^{footnote 1}

And with your Commerce Bank Credit Card you can earn a bonus equal to 25% of the Cash Back amount every time you redeem your Commerce Credit Card Cash Back as an electronic deposit into your myRewards Savings account.^{footnote 2}

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:

Convenience

Shield icon

Free Online Banking

Commerce Bank Mobile App^{footnote 3}

Early Pay

Visa^® Debit Card for ATM withdrawals and deposits

Control

Controls icon

My Savings Accelerator tools such as Round Up and SmartSave — can help make saving effortless.^{footnote 4}

Zelle^®^{footnote 5}

External Transfers^{footnote 6}

Protection

Shield Icon

FDIC insured^{footnote 7}

Open a myRewards savings account

Safety. Growth.
Commerce myRewards Savings

Minimum deposit to open: $0
Monthly service fee: $5 monthly or waived^{footnote 8}^,^{footnote 9}

Perks

Interest compounded daily
No minimum opening deposit required
FDIC insured^{footnote 7}
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 more^{footnote 8}^,^{footnote 9}
Access to funds through any Commerce ATM, our 24–Hour Account Information Line, and Online Banking opens in a new window.
Up to three free withdrawals or transfers per month; $2.00 for each additional transaction. Must make four or fewer withdrawals per year to qualify for a deposit reward.^{footnote 1}
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 Statements^{footnote 8}; $3.00 per month for Paper Statements^{footnote 10}

Open an myRewardsaccount

Questions about which account is right for you?

Challenge Accepted.^®

My Savings Accelerator descriptive transcriptopens in a new window ^{[PDF]footnote}

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.

Learn more about My Savings Accelerator

Disclosures:

To qualify for the annual deposit reward, you must: a) make eleven (11) consecutive monthly deposits, per myRewards Savings account; and b) make four (4) or fewer withdrawals per year, per myRewards Savings account. Reward will be credited annually, beginning in the twelfth month after the first deposit. Your deposit reward is determined by the account’s average month-end balance over the twelve (12) month period, on up to five (5) myRewards Savings accounts, per household, per year. Maximum reward per household is $100.00.
Your average month-end balance is the average of the ending balances shown on the previous twelve (12) statements for each of your myRewards Savings accounts.

Average month-end balance tiers and corresponding maximum annual bonuses:
$4,999.99 and below = $20 reward per account, up to $100 in rewards per household.
$5,000 to $9,999.99 = $40 reward per account, up to $100 in rewards per household.
$10,000 or more = $60 reward per account, up to $100 in rewards per household.

Annual Percentage Yield 0.01% as of June 24, 2025, no minimum balance requirements. Rate may change after account is opened. Fees may reduce earnings. Incentive of $10 or greater reported as interest to the IRS.
To qualify for the Credit Card Cash Back bonus reward, you must: a) hold an active Commerce Credit Card in good standing; and b) redeem your Cash Back rewards from your Commerce Credit Card as an electronic deposit directly into your myRewards Savings account. Commerce Bank will provide a bonus of 25% of the electronic deposit amount made as the Cash Back redemption. The Cash Back bonus reward payout will be credited to the myRewards Savings account within 15 days of the following month in which the Cash Back redemption is deposited into the account.
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.
U.S. checking or savings account is required to use Zelle®.
Fees may apply for External Transfers, depending on the speed of the transaction.
The Federal Deposit Insurance Corp. insures each depositor to at least $250,000.
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

To view or print a PDF file, Adobe® Reader® 9.5 or above is recommended. Download the latest version opens in a new window.

Log in to Online Banking or select an account:

Savings Account

myRewards Savings grows with you.

Open a myRewards Savings account and earn while you save!^{footnote 1}