- APY = Annual Percentage Yield
Interest rate and annual percentage yield may vary. We may change the interest rate at any time at our discretion. Regular Savings Interest is compounded on a daily basis and is credited to your account on the last business day of every month. Investment Savings Interest is compounded on a monthly cycle basis and credited to your account at the end of the monthly statement cycle. Fees could reduce earnings on your account.
You must maintain a minimum collected balance of $100 in the account each day to obtain the disclosed annual percentage yield. Interest does not accrue on days your ending collected balance is less than $100.
When your Investment Savings collected balance is greater than $1,000, you may earn a higher interest rate than on balances below $1,000. Pre-authorized or automatic transfers of withdrawals from the account, including telephone transfers, are limited by law to six per statement cycle, three of which may be by check to a third party. Transfers between accounts of the depositor in person or by mail and withdrawals in person or at a Commerce Bank ATM are unlimited. Each depositor insured up to $250,000.