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Commerce West Bank Review

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


Started in 2001, Commerce West Bank has $770 million in assets and $704 million in deposits, making the institution a medium-size bank. Commerce West Bank, whose headquarters are in Irvine, California, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a commendable 4.3 out of 5 stars, Commerce West Bank proves it is a solid contender in your bank search. Commerce West Bank provides customers with a varied selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs and credit cards. Commerce West Bank has a fair savings rate; other popular banks have higher rates. Using an institution with free checking, in addition to a high savings APY is the best option for accruing the most income on your deposits while maintaining convenient 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

Commerce West Bank has a savings rate of 0.05%, which is poor in comparison to other U.S. banks. Its one-year CD has a rate of 0.30%, while its highest-yielding money market account earns at a rate of 0.05%. Given its below average savings rate, you should consider other options to earn more on your deposits.

How Commerce West Bank's Savings Rates Compare

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

Commerce West Bank has generally extremely low fees compared to the average U.S. bank. For those who will need cash in a pinch, it is ideal because it charges no out-of-network ATM fees. Commerce West Bank doesn't refund out-of-network ATM fees, meaning you will have to find a Commerce West Bank ATM or pay the cost of withdrawal.

Monthly Fee N/A 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

Commerce West Bank is a brick-and-mortar bank, with two total branches in California. With mobile and web apps, Commerce West Bank makes mobile banking convenient, even on the go. Commerce West Bank gets great scores from customers for its mobile banking services. With 11 ratings on iOS and Android platforms, the Commerce West Bank mobile app has an overall rating of 4.7 out of 5 (compared to the national average of 3.8). Commerce West Bank's mobile app allows you to manage your funds by reviewing monthly statements, transferring money and accessing support representatives. Commerce West Bank receives a superb consumer satisfaction rating due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Commerce West Bank ranks as a medium-size bank with assets totaling $770 million as well as deposits totaling $704 million. Its Texas Ratio is 0.15%, suggesting that the bank is in outstanding financial condition and unlikely to fail. Additionally, Commerce West 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 West Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1000
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.35% APY
$1000 for all terms
Money Market Account 0.05% APY $2500

Commerce West Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Commerce West Bank does not have the best savings rate, which means you should consider other options 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 West Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Commerce West Bank Near Me

Commerce West Bank has two physical branches across the U.S.

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