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Commerce State Bank Review

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Commerce State Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 2005, Commerce State Bank has assets totaling $575 million along with $493 million in deposits, which makes the institution a medium-size bank. Commerce State Bank, whose headquarters are in West Bend, Wisconsin, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset has rated the bank 3.9 out of 5 stars, suggesting Commerce State Bank is a good bank that deserves your consideration. Commerce State Bank offers a full choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and credit cards. It has a fair savings rate compared to the average savings account. Locating an institution with no-fee checking and a high savings APY is the best option for getting the highest income from your deposits while having easy access to your money.

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

Commerce State Bank has a savings rate of 0.05%, which is fair compared to the average U.S. bank. Commerce State Bank's CD rates are 1.55% and 2.70% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.50%. Given Commerce State Bank's poor savings rate, you should consider other options to earn more on your deposits.

How Commerce State Bank's Savings Rates Compare

Commerce State Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on Commerce State Bank's fees to provide a full SmartAsset rating.

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

SmartAsset Average: 3.7

Commerce State Bank is a brick-and-mortar bank, with four total bank locations in Wisconsin. It also offers access to mobile and web apps for an easy mobile-banking experience. Commerce State Bank gets poor marks from customers for its mobile platform. The Commerce State Bank mobile app rates a 2.0 out of 5 (out of 1 reviews on iOS and Android) compared to the national average of 3.8. Commerce State Bank's mobile app lets you control your funds by looking at current statements, transferring funds as well as accessing support representatives. Commerce State Bank gets an exceptional consumer satisfaction rating due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 2.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Commerce State Bank is a medium-size bank and manages $575 million in assets and $493 million in deposits. Commerce State Bank has an excellent Texas Ratio of 1.09%, indicating a minute likelihood of failure. Additionally, Commerce State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Commerce State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $2000
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.55% APY
  • 24 Month: 1.80% APY
  • 36 Month: 2.05% APY
  • 48 Month: 2.40% APY
  • 60 Month: 2.70% APY
$5000 for all terms
Money Market Account 0.25% APY $10000

Commerce State Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Commerce State Bank does not have the best savings rate, which means you should think about taking a look 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. Commerce State Bank's CD rates are fair compared to other U.S. banks.

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Find a Commerce State Bank Near Me

Commerce State Bank has four branches across the U.S.

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