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First Commerce Bank Review

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First Commerce Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


First Commerce Bank first started operating in 2006 and is headquartered in Lakewood, New Jersey. First Commerce Bank manages $1 billion in assets along with $857 million in deposits, ranking it as a medium-size bank. First Commerce Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With an average 3.8 out of 5 stars, First Commerce Bank is an average bank that leaves room for improvement. First Commerce Bank offers a choice of banking products, including savings accounts, checking accounts, money market accounts and IRAs. First Commerce Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly maintenance fee. Using an institution with free checking, in addition to a high interest rate savings account is your best bet for returning the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

First Commerce Bank features a savings rate of 0.10%, which is poor in comparison to the average U.S. bank. First Commerce Bank's one-year CD has a rate of 1.30% and the five-year CD has a rate of 2.30%, while its highest-yielding money market account earns at an APY of 1.30%. Given First Commerce Bank's poor savings rate, you should consider other options to earn more on your deposits.

How First Commerce Bank's Savings Rates Compare

First Commerce Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First Commerce Bank has typically extremely low fees compared to the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who often withdraw money from the ATM, First Commerce Bank is perfect because it charges no out-of-network ATM fees. First Commerce Bank unfortunately does not refund out-of-network ATM fees, meaning you'll need to find a First Commerce Bank ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

First Commerce Bank is a brick-and-mortar bank, with nine total branches in New Jersey. It also offers access to mobile and web apps for straightforward access and banking on the go. First Commerce Bank's mobile app allows you to control your accounts by looking at current statements, sending and receiving money as well as accessing customer service. First Commerce Bank receives an outstanding consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First Commerce Bank is currently a medium-size bank with $1 billion in assets as well as $857 million in deposits. First Commerce Bank's Texas Ratio is 16.75%, indicating that the bank is in fine financial well-being and far from failure. Additionally, First Commerce Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare First Commerce Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.79% APY $500
Certificates of Deposit
  • 12 Month: 1.30% APY
  • 24 Month: 1.70% APY
  • 36 Month: 2.10% APY
  • 48 Month: 2.20% APY
  • 60 Month: 2.30% APY
$1000 for all terms
Money Market Account 1.3% APY $1

First Commerce Bank has several deposit products like savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. First Commerce Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Commerce Bank's CD rates are fair in comparison to other U.S. banks.

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Find a First Commerce Bank Near Me

First Commerce Bank has nine physical locations in the U.S.

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