Commerce Bank Review: Checking, Savings, CD and Money Market Accounts
|
APY |
Account Type |
Account Name |
Compare Rates from Similar Accounts |
||
|---|---|---|---|---|---|
|
0.02% |
Savings |
Commerce Bank Personal Savings |
2.10% |
American Express National Bank High Yield Savings Account |
on American Express National Bank’s secure website Member FDIC |
|
0.25% |
CD Rates |
Commerce Bank 1 Year CD |
2.65% |
Goldman Sachs Bank USA High-yield 12 Month CD |
on Goldman Sachs Bank USA’s secure website Member FDIC |
|
0.35% |
CD Rates |
Commerce Bank 3 Year CD |
2.90% |
Synchrony Bank 36 Month CD |
on Synchrony Bank’s secure website Member FDIC |
|
0.45% |
CD Rates |
Commerce Bank 5 Year CD |
3.10% |
Goldman Sachs Bank USA High-yield 5 Year CD |
on Goldman Sachs Bank USA’s secure website Member FDIC |
Commerce Bank’s checking account options
How Commerce Bank’s checking accounts compare
While Commerce Bank’s accounts come with an easy-to-navigate user interface, the ability to avoid fees and the opportunity to earn gift rewards, the rates on those that earn interest don’t even come close to the ones on our list of the best online checking accounts. It’s true you could do a lot worse than Commerce Bank’s checking accounts, but you could definitely do a lot better too.
Commerce Bank’s savings account options
How Commerce Bank’s savings accounts compare
We like that the fees are fairly easy to avoid on Commerce Bank’s savings accounts. But, as with the checking accounts, the rates don’t even come close to competing with those on our list of the best online savings accounts. Take the time to shop around for the best savings product out there, and possibly consider one on our list.
Commerce Bank’s CD rates
How Commerce Bank’s CD rates compare
While Commerce Bank’s deposit requirements and early withdrawal penalties are on par with what else is available on the market, the rates just don’t beat out those on our list of the best CD rates. You’re putting your money away for a reason, so why wouldn’t you want to earn the most bang for your buck? Take the time to do your research and find the best product out there to suit your needs.
Commerce Bank’s money market account options
How Commerce Bank’s money market accounts compare
Many traditional banks are getting away with paying very low rates on their money market accounts, and Commerce Bank is no exception. While the fees associated with each of these products are fairly easy to avoid, you can do better and earn better returns on your funds. Consider one of the accounts on our list of the best money market rates instead, as many offer more than twice these rates.
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