Personal Banking

INDIVIDUAL RETIREMENT ACCOUNT

Commerce IRA
Our IRA account is designed to help you save for Retirement. It is a variable rate account that you can make additional deposits to. It will pay competitive rates so you will only need one IRA, (“Commerce IRA”).

• Minimum Opening Deposit -$100.00.

• Maturity term is for 2 years.

• Interest is paid and compounded annually.

• A variable interest rate that may change at bank ’s discretion and at anytime.

• Additional Deposit Are Allowed.($1,000.00 minimum
unless ACH Credits then $25.00 minimum).

• Penalty for early withdrawal.

IRA Certificates
A fixed rate product ideal for IRA Transfers and Rollovers.

• Minimum opening deposit is $10,000.00

• Maturity Terms from 6 months to 5 years

• Interest Rate is determined by the term selected

• Penalty for early withdrawal

Additional IRA Information
Interest begins to accrue on the business day you deposit checks and we use the daily balance method to calculate the interest, applying a periodic rate to the principal balance in the certificate account each day using a 365 day basis.

If interest compounding occurs during the term of the investment, the annual percentage yield disclosed assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Annual Fee of $10.00 if balance in total IRA Plan is less
than $500.00.

$50.00 Termination Fee of IRA Plan if termination is within the first 2 years of the application.

For your convenience, Commerce State Bank offers Internet Banking. Check your account balance(s) anytime or anywhere and view the history for your account(s). You can also transfer funds. Contact the bank for more information!

Debit Card & Teller Fees
Fees and limits applicable to Personal Checking and Savings Products that have Debit Card capabilities.

• Debit Card Issuance Fee One Card Free Per Account Owner
• Card or Pin Replacement Fee $5.00
• ATM Surcharge – Inquires & Withdrawals $.50/@if >6 total in a statement period

NOTICE REGARDING ATM FEES BY OTHERS: You may be charged a fee by the operator of the machine and/or by an automated transfer network.

International Transaction Assessment Fee: When you use your VISA debit card at a merchant that settles in currency other than U.S. dollars, the charge (i) will be converted into U.S. dollars using an exchange rate for the applicable processing date that is (a) selected by VISA from the range of rates available in wholesale currency markets (which rate may vary from the rate VISA itself receives) or (b) the government-mandated rate; and (ii) will assess an International Service Assessment Fee of 1% on all international transactions regardless of whether or not a currency conversion is involved. (Except in Puerto Rico and the US Virgin Islands.) We may pass this fee on to you.

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