|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||• $5.004 (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.
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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 6/1/2022 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.
Subject to change – can be discontinued at any time.
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.