Deposit Products

Commerce Bank offers a deposit product to meet your needs. Switching from your current bank to Commerce Bank is quick and easy. To obtain more information, or open an account, just stop by our main office or call 662-286-5577 and speak to one of our friendly and helpful Customer Service Representatives. If you need to reorder checks use our secure Check Reorder Form.

 

Need help balancing your checkbook?  Try our Checkbook Balancer!


Expiration of Temporary Unlimited Coverage for Noninterest-Bearing Transaction Accounts

 

Beginning January 1, 2013, noninterest-bearing transaction accounts will no longer be insured separately from depositors’ other accounts at the same IDI. Instead, noninterest-bearing transaction accounts will be added to any of a depositor’s other accounts in the applicable ownership category, and the aggregate balance insured up to at least the Standard Maximum Deposit Insurance Amount (SMDIA) of $250,000, per depositor, at each separately chartered IDI.

For example, if after the expiration of the Dodd-Frank Deposit Insurance Provision a depositor under the single ownership category has $500,000 deposited in a noninterest-bearing transaction account and $250,000 deposited in a certificate of deposit, or total deposits of $750,000, the depositor would be insured for up to $250,000 and uninsured for the remaining balance of $500,000.

Depositors should be made aware that Section 335 of the Dodd-Frank Act permanently increases the SMDIA to $250,000.

For more information about FDIC insurance coverage of deposit accounts, visit www.fdic.gov.

 

 

Thrifty Checking Account

Thrifty Checking may be just right for you if you write less than 15 checks per month and are looking for an affordable checking account.

Open an Account
Benefits
  • Minimum Opening Balance $100.00
  • 15 checks/debits per month with no transaction fee; $.25/each check/debit thereafter.
  • ATM/VISA Check Card available.
  • Service charge of $3.00 per statement cycle; no minimum balance required.

Personal Checking Account

Commerce Bank’s Personal Checking offers unlimited check writing ability and there is no monthly service charge if the minimum balance is at least $500.

Open an Account
Benefits
  • Minimum Opening Balance $100.00
  • Unlimited check writing.
  • ATM/VISA Check Card available.
  • A minimum balance fee of $8.00 will be imposed every monthly statement cycle unless you maintain a minimum daily balance of $500.00.

Money Maker Checking (NOW Account)

If you are looking to earn interest on your checking account balances, Commerce Bank’s Money Maker Checking (NOW Account) may be just what you’re looking for.

Open an Account
Benefits
  • Minimum opening balance $500.00
  • 40 checks/debits per month with no transaction fee; $.25/each check/debit thereafter.
  • 50 deposited items per month with no transaction fee; $.08/each item deposited thereafter.
  • Interest bearing – $500.00 average balance to earn APY – interest accrues daily, will be compounded & paid monthly.
  • ATM/VISA Check Card available.
  • A minimum balance fee of $8.00 will be imposed every monthly statement cycle unless you maintain a minimum daily balance of $1000.00.

Premier Checking Account

Commerce Bank’s Premier Checking Account offers higher balance checking customers an opportunity to earn even more, and still have the convenience of check writing availability to your money.

Open an Account
Benefits
  • Minimum opening balance $5,000.00
  • 40 checks/debits per month with no transaction fee; $.25/each check/debit thereafter.
  • 50 deposited items per month with no transaction fee; $.08/each item deposited thereafter.
  • 4 balance tiers – You earn a higher APY for larger balances.
  • Interest bearing – You must maintain a minimum average daily balance of $1000.00 in your account to obtain the disclosed annual percentage yield.
  • ATM/VISA Check Card available.
  • A minimum balance fee of $10.00 will be imposed every monthly statement cycle unless you maintain a minimum daily balnce of $5,000.00.

Seniors Checking

If you’re 60 years of age or older, Commerce Bank’s Seniors Checking offers all the benefits of our Personal Checking account with NO monthly service charges and FREE CHECKS!

Open An Account
Benefits
  • This account is for our customers age 60 and above.
  • Minimum Opening Balance $100.00
  • Unlimited check writing.
  • Specialty Mint style checks.
  • ATM/VISA Check Card available.
  • No service charge on this account.

Money Market Investment

You can earn higher APY’s on your excess funds and still be able to write up to 3 checks per month with Commerce Bank’s Money Market Investment Account.

Open An Account
Benefits
  • Minimum opening balance $1,000.00
  • Unlimited in-person withdrawals. Third party, automatic transfers or telephone transactions limited to 6 per statement cycle.
  • 4 balance tiers – You earn a higher APY for larger balances.
  • Interest bearing – You must maintain a minimum average daily balance of $1,000.00 in your account to obtain the disclosed interest rate.
  • ATM/VISA Check Card available.
  • Service charge of $8.00 per statement cycle if daily balance is below $1,000.00.
  • A fee of $.08 will be imposed for each subsequent credit over the limit of 50.

Regular Savings

Commerce Bank’s Regular Savings Account is a great place to save, on a regular basis, for unexpected emergencies or future planned events.

Open An Account
Benefits
  • Minimum opening balance $100.00
  • Interest bearing – You must maintain a minimum average daily balance of $25.00 in your account to obtain the disclosed annual percentage yield- interest accrues daily, will be compounded & paid semi-annually.
  • During any calendar month, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction or by check, draft, debit card or similar order to a third party.
  • A fee of $1.00 will be imposed for each subsequent debit over the limit of 12 per 6 month statement cycle.
  • ATM Card available.

Student Checking Account

Commerce Bank offers an affordable deposit product to meet the needs of our student customers who are preparing for their future.

Open An Account
Benefits
  • Minimum Opening Balance $100.00
  • 15 checks/debits per month with no transaction fee; $.25/each check/debit thereafter.
  • ATM/VISA Check Card available.
  • No monthly service charge.
  • One account per each full-time student under age 25.

CD RatesIcon for: Rates

Term Rate APY*
90-Day CD 0.10% 0.10%
6-Month CD 0.15% 0.15%
1-Year CD 0.20% 0.20%
18-Month CD 0.20% 0.20%
2-Year CD 0.50% 0.50%
2 1/2-Year CD 0.50% 0.50%
3-Year CD 0.70% 0.70%
4-Year CD 0.80% 0.80%
5-Year CD 1.10% 1.10%
More Rates

*APY refers to Annual Percentage Yield. Rates on accounts other than CDs are variable and may change after an account is opened. Service fees or penalties may reduce earnings. For CDs, there is a penalty fee for an early withdrawal of funds. See the Deposit Products page for more information.