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Commercial Bank Review

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


Started in 1962, Commercial Bank has assets totaling $526 million as well as deposits totaling $418 million, classifying the institution as a medium-size bank. Commercial Bank, whose headquarters are in Alma, Michigan, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Overall, Commercial Bank is a fair bank that might not serve all your needs, with a score of 3.4 stars out of 5 from our team. Commercial Bank provides customers with a diversity of banking products, including savings accounts, checking accounts, CDs, IRAs and mortgage products. Commercial Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product features a $6.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Locating a bank with free checking as well as a high interest rate savings account is the best bet for gaining the highest income on your deposits while maintaining 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

With a savings rate of 0.05%, Commercial Bank ranks poorly in comparison to other U.S. banks. Commercial Bank's one-year CD earns at a rate of 1.15% and the five-year CD earns at a rate of 1.75%. Given its poor savings rate, you should consider looking elsewhere to open savings accounts.

How Commercial Bank's Savings Rates Compare

Commercial Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Commercial Bank generally has high fees compared to other U.S. banks. Commercial Bank's checking account has a monthly fee of $6.00, making it fair for anyone looking for a simple account. Commercial Bank does not reimburse out-of-network ATM charges, which means you'll have to find a Commercial Bank ATM or pay the ATM charge.

Monthly Fee $6.00 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

Commercial Bank is a brick-and-mortar bank, with 13 total branches in Michigan. It also offers access to mobile and web apps for simple access and banking on the go. Commercial Bank's online and mobile banking platforms get poor marks from customers. The Commercial Bank mobile app rates a 3.0 out of 5 (out of 4 ratings on Apple and Android) compared to the national average of 3.8. You can use Commercial Bank's app to manage your funds by reviewing current statements, transferring funds and reaching support representatives. Commercial Bank receives an outstanding consumer satisfaction score due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Commercial Bank ranks as a medium-size bank with assets totaling $526 million as well as $418 million in deposits. It has a strong Texas Ratio of 5.52%, suggesting that Commercial Bank is in fine financial well-being and unlikely to fail. Additionally, Commercial 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 Commercial Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.15% APY
  • 24 Month: 1.24% APY
  • 36 Month: 1.20% APY
  • 48 Month: 1.55% APY
  • 60 Month: 1.75% APY
$500 for all terms

Commercial Bank has several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. Commercial Bank does not have the best savings rate, which means you should think about 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. Commercial Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Commercial Bank Near Me

Commercial Bank has 13 branches across the U.S.

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