Get rewarded for saving money with Commerce Bank. When you open a myRewards money market account, you will earn a bonus at the end of each year. Commerce pays 0.05 percent of the average collected month-end balance after every 12 months. The maximum reward each year is $200.

Checking accounts offer free transactions at Commerce Bank ATMs. The CommerceRelationship checking account offers free transactions at ATMs across the nation. This account also offers up to $10 each month in ATM fee refunds. To have the fees refunded, the transactions must come from the CommerceRelationship account.

Commerce Bank offers a variety of accounts. These accounts include:

• Five checking accounts
• Student savings and checking account
• myRewards savings account
• myRewards money market account
• Premier money market account
• CDs terms from three-months to five-years
• Personal loans, credit cards, and investment options
• Business checking and savings accounts
• Business loans, bonds, investments, and credit cards

Commerce offers a mySpending card, which is a reloadable Visa debit card. Load the amount you want onto the card. The card is accepted anywhere Visa is. There is not a monthly fee. It costs $5.95 to buy the card for the first time. You must load it with at least $20 the first time. There is a loading limit of $3,000 per week.

Savings accounts only allow for three withdrawals per billing cycle. Any more than three will cost you $2.00 per withdrawal. Federal regulations allow six withdrawals from a savings account per billing cycle.

The interest rates for Commerce Bank accounts are low. They are not competitive with other online-only banks. Their rates are typical of brick-and-mortar banks.

Accounts with Commerce Bank have a plethora of fees. They have monthly service charges ranging from $3-20, depending on the account. Some accounts have fees for paper statements, e-statements, and foreign ATM fees. The student checking account has a $2 fee for every check written and for each teller-assisted withdrawal. Know the fees and how to waive them before you open accounts.

Customer service is not open 24/7. Customer service hours are Monday-Friday from 8 a.m. to 8 p.m. Saturday from 8 a.m. to 4 p.m. These times are Central Time. There is a 24-hour account information line.

Read the full Commerce Bank review.

The required amounts to open Quantum National Bank accounts are low. All the checking accounts and the saving account require $100 to open. The high rate money market account and CDs require $1,000 to open.

Quantum National Bank offers a High Rate Checking account. To open this account only requires $100. There is also a High Rate Checking account for senior citizens. You must be over 55 to open this account. To get the best rate offered you must meet requirements. You must have a minimum of 12 point-of-sale ATM or debit card transactions per month. You must also have one ACH debit or credit per statement cycle, and receive electronic statements.

Quantum National Bank has a variety of accounts. Those accounts include personal deposit and business accounts. Savings, checking, and money market accounts are available. CD terms range from seven-days to five-years. Quantum National bank offers credit cards and loans as well.

Quantum National Bank offers accounts for minors and senior citizens. The minor account only requires $1.00 to open, and there is no required minimum balance. The child receives a gift when they open the account and each time the child makes a deposit. The senior citizen High Rate Checking account is for those 55 or older. This account requires $100 to open. There is no required balance or monthly fee. If you meet the requirements, interest rates are competitive.

The interest rates offered on Quantum National Bank are low. The rates are slightly higher than some brick and mortar bank rates. Some Quantum National accounts offer more competitive rates than others. Most rates are not competitive with other online accounts.

Some Quantum National Bank accounts have monthly fees. The fees range from $5 to $15 a month. Waive the fees by keeping a set amount in the accounts. That amount ranges from $500 for the savings account, to $15 for the High Rate Checking account.

Most Quantum National accounts have tiered interest rates. To earn the most competitive rate requires a large balance in the account. The money market account requires $250,000 to earn the highest rate. The interest earning checking account requires $10,000 for the best rate. The 14-month CD term requires $100,000 to get the best rate.

Quantum National Bank accounts cannot be opened online. To open an account, you fill out a form and submit it to the bank. A bank representative will get in touch with you about the accounts. You can then stop by a branch location to open an account.

Read the full Quantum National Bank review.