Money Market Bonus | Money Market Account (2024)

Money Market
account

What is the myRewards Money Market Account?

A money market account rewards you for growing your savings. Compared to a conventional savings account, money market accounts typically provide a higher yield for carrying a higher balance.

Open a myRewards money market account

Benefits

• Grow your account through automatic transfers, direct deposit or individual deposits.
• Commerce pays you a bonus of 0.20% on the average collected month-end balance for the previous 12 months, up to a maximum reward of $200 each and every year.^1,2

Free Online Banking

• Access electronic copies of your 1099 and certain other tax forms through Online Banking

Open a myRewards money market account

Questions about which account is right for you?

We're here to help you make the best choice. Just give us a call.

800-453-2265

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Ideas & Tips

Disclosures:

*Annual Percentage Yields (APYs) effective: September 4, 2024

Rate(s) may change after account is opened. Fees could reduce earnings on the account.

1. We will pay an annual bonus reward of 0.20% of the average collected month-end balance in your myRewards Money Market account for the previous 12 months, up to a maximum of $200. Reward credited the 13th month after account opening, and annually thereafter. As of 9/4/2024, Annual Percentage Yield is 0.01 % on balances of $1000 or greater, and 0.01% APY on balances between $100 and $999, and 0.00% APY on balances below $100. 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.

2. Subject to change – can be discontinued at any time.

3. Daily balance means ending ledger balance in the account each day. Average daily balance is calculated by adding the ending ledger balance in the account for each day of the monthly cycle and dividing by the number of days in the monthly cycle. You must maintain the $500 minimum daily balance every day of a month or a $1,000 average daily balance for the monthly cycle, 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.

4. 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.

5. 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.