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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


Commerce West Bank first started operating in 2001 and has its headquarters in Irvine, California. It owns $770 million in assets along with $704 million in deposits, making it a medium-size bank. Commerce West Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, Commerce West Bank is a great choice and should warrant serious consideration, with a rating of 4.3 out of 5 stars from our team. Commerce West Bank has a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs and credit cards. It has a fair savings rate; other popular banks have higher rates. Banks that offer no-fee checking as well as a high interest rate savings account are your best option for accruing the highest income from your deposits while having 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

With a savings rate of 0.05%, Commerce West Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.30%, while its highest-yielding money market account has an APY of 0.05%. Given Commerce West Bank's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

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 frequent the ATM, it is ideal because it has no out-of-network ATM fees. Commerce West Bank doesn't refund out-of-network ATM charges, which means you'll be required to find a Commerce West Bank ATM or accept the ATM charge.

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 bank locations in California. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Commerce West Bank receives positive scores from customers for its mobile platform. The Commerce West Bank mobile app rates a 4.7 out of 5 (with 11 ratings on Apple and Android) compared to the national average of 3.8. You can access Commerce West Bank's mobile app to control your funds by looking at current statements, sending and receiving money as well as accessing support representatives. Commerce West Bank receives an excellent consumer satisfaction score due to comparatively few consumer 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 is currently a medium-size bank with assets totaling $770 million and $704 million in deposits. Commerce West Bank's Texas Ratio is 0.15%, indicating a negligible chance of failure. 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 like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Commerce West Bank does not have the best savings rate, which means you should think about 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. Commerce West Bank's CD rates are fair compared to other U.S. banks.

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Find a Commerce West Bank Near Me

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

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