The Bank of Commerce
Deposit Accounts

Types of Savings Accounts

E - Savings

The E - Savings Account is ideal for young people who are trying to learn the concept of saving money. It is also great for anyone who just wants to have a savings account for a rainy day and at the same time not worry about keeping a minimum balance in an account.

  • No minimum balance requirement
  • No per item fees
  • Statements are only available online
  • Direct deposits & external electronic transfers are not available

    If these types of transations post or this account goes dormant, it will be changed to a Statement Savings Account and applicable fees will be charged. If account is closed before interest is paid, accrued interest will be forfeited.

  • Regulatory withdrawal restrictions apply**

    **Accounts receiving direct deposits, insurance drafts or any type of electronic transfers are not eligible for the E - Savings.

    Savings Calculator

Statement Savings

At The Bank of Commerce we encourage our customers to start a savings plan. You can earn a competitive rate of interest on your money. Begin a structured savings program today. You'll be glad you did.

  • Minimum to open account is $100.00
  • No service charge when a $100.00 minimum balance is maintained*
    Regulatory withdrawal restrictions apply**

*A service charge of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer, or payment from this account) in excess of three during the month. A $1.00 charge will be assessed when your balance falls below $100 during the month.

Fees may reduce earnings on these accounts.

Savings Calculator

Idaho Medical Savings Account

Our Medical Savings Account allows you to save and pay for your medical expenses. It can also help you save on your State of Idaho income taxes. Our New Accounts Representatives can provide you with additional information.

  • Minimum to open account is $100.00
  • No service charge when a $100.00 minimum balance is maintained*
  • May be tax deductible on your State of Idaho income taxes.+

Idaho Medical Savings Accounts benefit Idaho residents only
Regulatory withdrawal restrictions apply**
 

*A service charge of $1.00 will be charged for each debit transaction (withdrawal, automatic transfer, or payment from this account) in excess of six per month. A $1.00 charge will be assessed when your balance falls below $100 during the month.

+Tax Deductibility of the Medical Savings Account can vary. Please consult your tax accountant for further direction.

Fees may reduce earnings on these accounts.

**Savings Account and Money Market restricted transactions

Federal Regulation D allows an unlimited number of withdrawals from your account in person, by ATM, or by mail or messenger. However, this regulation limits the number of transfers you may make from a Savings Account or Money Market Account. No more than six transfers can be made during each calendar month for Savings and each statement cycle for Money Market Accounts by check, draft, debit card, pre-authorized transfer, automatic transfer, or telephone transfer (including data transmission by computer or other electronic devices). If the above limits are exceeded three (3) times in a twelve (12)-month period, the account may be subject to closure or reclassification. For the purposes of the transaction limitation, we count checks as of the date we post them to your account, not as of the date you write them.

Savings Calculator

Certain disclosures are provided at the time that you open your account. All deposit accounts are subject to but not limited to the following:

These disclosures are also available prior to opening an account or at any time and will be provided to you by contacting us.

New Account Finalization Procedure

The Bank of Commerce is a "Community Bank" located in Eastern Idaho with Headquarters in Idaho Falls. Because of the local nature of our bank, we request that all new account applicants come into one of our local branches and meet our friendly staff and finalize your new account or loan.

 
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