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Mountain Commerce Bank Review

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Mountain Commerce Bank Savings
1.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Mountain Commerce Bank was founded in 1910 with headquarters in Knoxville, Tennessee. Mountain Commerce Bank handles $747 million in assets as well as $644 million in deposits, which makes it a medium-size bank. Mountain Commerce 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 access to service representatives at a physical location, in addition to its online and mobile apps. Overall, Mountain Commerce Bank is a great choice and should warrant serious consideration, with a score of 4.4 stars out of 5 from the SmartAsset team. Mountain Commerce Bank offers a complete array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Mountain Commerce Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Mountain Commerce Bank's standard checking does not have a monthly fee. Institutions that offer free checking, in addition to a high savings APY are the best option for getting the highest income from your deposits while having convenient 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

With a savings rate of 1.05%, Mountain Commerce Bank ranks poorly in comparison to the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.30% and 0.75%, respectively, while its highest-yielding money market account earns at a rate of 0.10%. Given Mountain Commerce Bank's poor savings rate, you should consider other options to earn more on your deposits.

How Mountain Commerce Bank's Savings Rates Compare

Mountain Commerce Bank Savings 1.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Mountain Commerce Bank typically has extremely low fees in comparison to other U.S. banks. Mountain Commerce Bank's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. Mountain Commerce Bank unfortunately does not refund out-of-network ATM charges, which means you will be required to search for a Mountain Commerce Bank ATM or accept the cost of withdrawal.

Monthly Fee $0 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

Mountain Commerce Bank is a brick-and-mortar bank, with five total bank locations in Tennessee. With mobile and web apps, Mountain Commerce Bank makes mobile banking convenient, even on the go. Mountain Commerce Bank receives fairly high marks from users for its online presence. Out of 7 ratings across both Apple and Android platforms, the Mountain Commerce Bank mobile app is scored at 4.4 out of 5 (compared to the national average of 3.8). Mountain Commerce Bank's mobile app allows you to manage your funds by reviewing monthly statements, sending and receiving money as well as accessing support representatives. Mountain Commerce Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Mountain Commerce Bank ranks as a medium-size bank with assets totaling $747 million and $644 million in deposits. Mountain Commerce Bank's Texas Ratio is 11.58%, denoting a small possibility of failure. Additionally, Mountain 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 Mountain Commerce Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 1.05% APY $1
Checking Account 0.01% APY $1000
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.70% APY
  • 60 Month: 0.75% APY
$2500 for all terms
Money Market Account 0.05% APY $10000

Mountain Commerce Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Mountain Commerce 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. Mountain Commerce Bank's CD rates are fair as compared against the national average.

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Find a Mountain Commerce Bank Near Me

Mountain Commerce Bank has five locations in the U.S.

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