Commerce Bank myRewards Savings up to $40 Bonus

Commerce Bank logo

Commerce Bank : myRewards Savings

up to $40

2.3

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Open a new myRewards Savings account using the link below.
  2. Deposit $20 each month for 11 months in a row to get a $20 bonus on the 12th month.

Available in Your Area?

No

Monthly Fees?

Yes

Open Online?

Yes

Credit Pull?

Soft

Commerce Bank logo

Apply Now

at Commerce Bank

Commerce Bank offers a small boost to your savings: open a myRewards savings account, and they'll match your average monthly deposit, up to $20 per account. You can repeat this for up to 5 accounts, but they cap the reward at $40 total. So, if you're depositing $20 into each account, you're actually capped at the first 2 accounts.

This is an annual benefit of the account (versus a one-time welcome offer). So, while the amount is low, it's a good deal for those putting money into savings accounts anyway.

This used to be a $50 offer ($100 total each year), but they've since decreased the reward.

How To Earn The Bonus

The Commerce Bank myRewards Savings promotion requires you to deposit and maintain a minimum balance in order to earn the up to $40 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • To qualify for the annual matching reward, a) deposits must be consecutive for 11 months to qualify and b) you must make 4 or fewer withdrawals per year.
  • 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 is $20 per account, maximum total matching Reward $40 per year per household.
  • Reward credited annually starting in the 12th month after the first deposit.
  • Subject to change – can be discontinued at any time.
  • Monthly fee waived for first 60 days after account opening. The fee is waivable beyond that if certain requirements are met (see our "fees" section below).

How does this personal savings offer from Commerce Bank compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Barclays

Online Savings

Bonus
$200
Account Type
Personal Savings
Expires In
18 days
Requires
  • Min Balance

TD Bank

Personal Savings Account

Bonus
$200
Account Type
Personal Savings
Expires In
15 days
Requires
  • Min Balance

Wells Fargo

Way2Save® Savings

Bonus
$525
Account Type
Personal Savings
Expires In
71 days
Requires
  • Min Balance

Why Commerce Bank?

myRewards Savings

Fees

myRewards Savings does charge a monthly maintenance fee of $3, but there are ways to get this waived:

  • Maintain a minimum daily balance of $300.
  • OR, make at least 1 monthly electronic deposit of $25 or more.

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