Commerce Bank is a Missouri based bank which offers diversified financial services. They have specialized in personal banking, wealth, management and estate planning and investments through affiliated companies. Besides, they offer numerous savings and lending products. In this blog, we discuss the CD rates of different banks and today we will discuss the features and rates of Commerce Bank.

The Commerce bank CD rates are very competitive. Commerce CD rates for CommerceOptions customers are provided with premium rates. Deposits could be easily applied online. Any pre-closure attracts penalty and each depositor is insured up to $250000 by FDIC. Its important you understand the penalties associated with it before opening a CD with Commerce Bank. All CD customers get access to online banking through which they can manage their CDs and other savings instruments.

The Commerce Bank Certificate of Deposit rates are 2.00% APY for term deposits that have a 35 month period. These are called CD specials and the minimum amount for opening this CD is $1000. The rates are 0.25% interest for a 3 months CD and the minimum amount required to open is $2500. They offer .40% interest for a 6 months CD and the minimum amount is $2500. Commerce Bank rates are 0.6% interest for a 1 year CD, 1% interest for a 2 years CD, 1.50% interest for a 3 yr CD and 1.8% for a 4 year CD respectively. The minimum amount required to open these CDs are $1000 only. The Commerce CD rates for a 5-year period is 2.1% APY. Flexible interest options and services offered make it easy for the Commerce bank customers to open and manage a CD.