[ms-access] What is the equivalent of Select Case in Access SQL?

Consider the Switch Function as an alternative to multiple IIf() expressions. It will return the value from the first expression/value pair where the expression evaluates as True, and ignore any remaining pairs. The concept is similar to the SELECT ... CASE approach you referenced but which is not available in Access SQL.

If you want to display a calculated field as commission:

SELECT
    Switch(
        OpeningBalance < 5001, 20,
        OpeningBalance < 10001, 30,
        OpeningBalance < 20001, 40,
        OpeningBalance >= 20001, 50
        ) AS commission
FROM YourTable;

If you want to store that calculated value to a field named commission:

UPDATE YourTable
SET commission =
    Switch(
        OpeningBalance < 5001, 20,
        OpeningBalance < 10001, 30,
        OpeningBalance < 20001, 40,
        OpeningBalance >= 20001, 50
        );

Either way, see whether you find Switch() easier to understand and manage. Multiple IIf()s can become mind-boggling as the number of conditions grows.