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 or VISA Debit 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 or VISA Debit Card available
- A minimum balance fee of $8.00 will be each 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
- Interest bearing – $500.00 average daily balance required to earn interest. Interest accrues on the collected balance. Interest compounded and paid monthly.
- 40 checks/debits per month with no transaction fee - $0.25 per check/debit thereafter
- 50 deposits per month with no transaction fee - $0.08 per deposit thereafter
- A minimum balance fee of $8.00 will be imposed each monthly statement cycle if your daily balance falls below $1,000.00.
- ATM or VISA Check Card available
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
- Interest bearing – You must maintain a minimum average daily balance of $1,000.00 in your account to earn interest. Interest accrues on the collected balance. Interest compounded and paid monthly.
- 4 balance tiers – You earn a higher APY for larger balances
- 40 checks/debits per month with no transaction fee - $0.25 per check/debit thereafter
- 50 deposits per month with no transaction fee - $0.08 per deposit thereafter
- A minimum balance fee of $10.00 will be imposed each monthly statement cycle if your balance falls below $5,000.00.
- ATM or VISA Check Card available
Senior Checking
If you’re 60 years of age or older, Commerce Bank’s Senior Checking offers all the benefits of our Personal Checking account with NO monthly service charges and FREE CHECKS!
Open An Account
Benefits
- For our customers age 60 and older
- Minimum Opening Balance $100.00
- Unlimited check writing
- Free Senior Checks
- No monthly service charge on this account
- ATM or VISA Check Card available
Money Market Investment
You can earn higher APY’s on your excess funds and still be able to write up to 6 checks per month with Commerce Bank’s Money Market Investment Account.
Open An Account
Benefits
- Minimum opening balance $1,000.00
- Interest bearing – You must maintain a minimum average daily balance of $1,000.00 in your account to earn interest. Interest accrues on the collected balance. Interest compounded and paid monthly.
- 4 balance tiers – You earn a higher APY for larger balances
- Service charge of $8.00 per monthly statement cycle if daily balance falls below $1,000.00
- 6 checks/debits per month with no transaction fee - $10.00 per check/debit thereafter
- 50 deposits per month with no transaction fee - $0.08 per deposit thereafter
- ATM or VISA Check Card available
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 earn interest. Interest accrues on the ledger balance. Interest compounded and paid semi-annually.
- No monthly service charge
- 12 withdrawals/debits per month with no transaction fee - $1.00 per withdrawal/debit thereafter
- 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 - $0.25 per check/debit thereafter
- No monthly service charge
- ATM or VISA Check Card available.
- One account per each full-time student under the age of 25
