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Terms:
* Open up to 5 different special purpose savings accounts and watch your savings grow toward each of your goals.
* Nickname each account in Online Banking according to your goal — car, house down payment, college, travel, holiday gifts — whatever!
* Make monthly savings deposits for 11 months in a row, and Commerce will reward you by making your 12th month’s deposit up to $50 per account free, up to a maximum of $100 per household for all eligible accounts.* The bonus reward is calculated as an average of your deposits made to each myRewards Savings account during the previous 11 consecutive months.
* There is no minimum balance or monthly service charge.
* To help you keep on track, withdrawals are limited to 4 per year.
To qualify for the annual matching deposit Reward, you must make 11 consecutive monthly deposits and 4 or fewer withdrawals per year, per myRewards Savings account. 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 $50 per account, maximum total matching Reward $100 per year. Reward credited annually in the 12th month after the first deposit. Annual Percentage Yield as of 8/8/2015 is 0.03% on balances of $1 or greater. Fees may reduce earnings. Incentive of $10 or greater reported as interest to the IRS.
