Average User Rating:
1 star rating based on 1 review.

Comerica Bank

1717 Main Street
Dallas, TX 75201
800-522-2265
www.comerica.com

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Comerica Bank is headquartered in Dallas and is the largest bank in the state of Texas. It is also the 33^rd largest bank in the nation. It was established in 1849 and as of September of 2011, it had grown to 9,064 employees at 505 locations. Comerica Bank has a 5-star health rating.

Checking Account $100 Cash Bonus at Comerica Bank - 2/10/2011

Comerica Bank is offering a $100 cash bonus for opening any new personal checking account. Direct deposit isn't required. However, it does require some work. This offer is called Welcome Rewards and i ...

Comerica Bank's $100 Checking Account Bonus - 10/10/2010

In September I posted on Comerica's Office Perks Program which offers a $200 bonus for opening a business checking account. That promotion also included a $100 bonus for employees of that business who ...

Comerica Office Perks Program: $200+ Business Checking Promotion - 9/15/2010

For those with a small business, Comerica's Office Perks Program might be a good deal. Here's the promotion page link . According to this promo page you can apply at a branch or by phone. I was told b ...

Earn up to $300 in Comerica's Checking Account Promotion - 4/29/2010

Comerica Bank is offering a new checking account promotion that's scheduled to last until June 30, 2010. You can earn up to $300, but $75 of the $300 requires that you open one of their premium check ...

2010

2/15 - $400 Bonus for Small Business Growth Package at Comerica - EXPIRED (Forum)

2009

7/8 - $120 Checking Account Bonus at Comerica Bank

2008

1/9 - $200 Bonus for Business Checking and $100 for Personal Checking at Comerica Bank

2007

2/19 - $100 Checking Account Bonus at Comerica Bank

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See Rates for: Checking | Savings | Money Market | CD | IRA

Comerica Bank Checking Account Rates

Apy	Min	Max	Product
0.15%^†	$100k	-	Lawyer's Trust Interest Checking
0.10%^†	-	-	Comerica Platinum Circle Checking
0.05%^†	$15k	-	Rich Rewards Checking
0.05%^†	$15k	-	Premier Checking
0.01%^†	-	-	Business Interest Checking
0.00%^†	-	-	Access Checking
0.00%^†	-	-	Basic Business Checking
0.00%^†	-	-	Business Checking
0.00%^†	-	-	Commercial Checking

Comerica Bank Savings Account Rates

Apy	Min	Max	Product
0.05%^†	-	-	Statement Savings Account
0.05%^†	-	-	Business Savings Account

Comerica Bank Money Market Rates

Apy	Min	Max	Product
0.15%^†	$250k	-	High Yield Money Market Investment Account
0.15%^†	$500k	-	Business Money Market Account
0.05%^†	-	-	Money Market Investment Account

Comerica Bank CD Rates

Apy	Min	Max	Product
1.25%^†	$1k	-	7 - 10 Year CD
1.25%^†	$1k	-	Business 7 - 10 Year CD
0.95%^†	$1k	-	5 Year CD
0.95%^†	$1k	-	6 Year CD
0.95%^†	$1k	-	Business 5 Year CD
0.95%^†	$1k	-	Business 6 Year CD
0.60%^†	$1k	-	4 Year CD
0.60%^†	$1k	-	Business 4 Year CD
0.35%^†	$1k	-	3 Year CD
0.35%^†	$1k	-	Business 3 Year CD
0.30%^†	$1k	-	2 Year CD
0.30%^†	$1k	-	Business 2 Year CD
0.20%^†	$1k	-	1 Year CD
0.20%^†	$100k	-	1 Year Flexible Rate CD
0.20%^†	$1k	-	Business 1 Year CD
0.20%^†	$100k	-	Business 1 Year Flexible Rate CD
0.15%^†	$1k	-	180 - 364 Day CD
0.15%^†	$1k	-	Business 180 - 364 Day CD
0.05%^†	$1k	-	7 - 29 Day CD
0.05%^†	$1k	-	30 - 59 Day CD
0.05%^†	$1k	-	60 - 89 Day CD
0.05%^†	$1k	-	90 - 179 Day CD
0.05%^†	$1k	-	Business 7 - 29 Day CD
0.05%^†	$1k	-	Business 30 - 59 Day CD
0.05%^†	$1k	-	Business 60 - 89 Day CD
0.05%^†	$1k	-	Business 90 - 179 Day CD

Comerica Bank IRA Rates

Apy	Min	Max	Product
1.25%^†	$1k	-	7 - 10 Year CESA
1.25%^†	$1k	-	7 - 10 Year IRA
1.25%^†	$1k	-	7 - 10 Year SEP IRA
1.25%^†	$1k	-	7 - 10 Year Roth IRA
1.25%^†	$1k	-	7 - 10 Year SIMPLE IRA
0.95%^†	$1k	-	5 Year CESA
0.95%^†	$1k	-	6 Year CESA
0.95%^†	$1k	-	5 Year IRA
0.95%^†	$1k	-	6 Year IRA
0.95%^†	$1k	-	5 Year SEP IRA
0.95%^†	$1k	-	5 Year Roth IRA
0.95%^†	$1k	-	6 Year SEP IRA
0.95%^†	$1k	-	6 Year Roth IRA
0.95%^†	$1k	-	5 Year SIMPLE IRA
0.95%^†	$1k	-	6 Year SIMPLE IRA
0.60%^†	$1k	-	4 Year CESA
0.60%^†	$1k	-	4 Year IRA
0.60%^†	$1k	-	4 Year SEP IRA
0.60%^†	$1k	-	4 Year Roth IRA
0.60%^†	$1k	-	4 Year SIMPLE IRA
0.35%^†	$1k	-	3 Year CESA
0.35%^†	$1k	-	3 Year IRA
0.35%^†	$1k	-	3 Year SEP IRA
0.35%^†	$1k	-	3 Year Roth IRA
0.35%^†	$1k	-	3 Year SIMPLE IRA
0.30%^†	$1k	-	2 Year CESA
0.30%^†	$1k	-	2 Year IRA
0.30%^†	$1k	-	2 Year SEP IRA
0.30%^†	$1k	-	2 Year Roth IRA
0.30%^†	$1k	-	2 Year SIMPLE IRA
0.20%^†	$1k	-	1 Year CESA
0.20%^†	$100k	-	1 Year Flexible Rate CESA
0.20%^†	$1k	-	1 Year IRA
0.20%^†	$100k	-	1 Year Flexible Rate IRA
0.20%^†	$1k	-	1 Year SEP IRA
0.20%^†	$100k	-	1 Year Flexible Rate SEP IRA
0.20%^†	$100k	-	1 Year Flexible Rate Roth IRA
0.20%^†	$1k	-	1 Year Roth IRA
0.20%^†	$1k	-	1 Year SIMPLE IRA
0.20%^†	$100k	-	1 Year Flexible Rate SIMPLE IRA
0.15%^†	$1k	-	180 - 364 Day CESA
0.15%^†	$1k	-	180 - 364 Day IRA
0.15%^†	$1k	-	180 - 364 Day SEP IRA
0.15%^†	$1k	-	180 - 364 Day Roth IRA
0.15%^†	$1k	-	180 - 364 Day SIMPLE IRA
0.05%^†	$1k	-	7 - 29 Day CESA
0.05%^†	$1k	-	30 - 59 Day CESA
0.05%^†	$1k	-	60 - 89 Day CESA
0.05%^†	$1k	-	90 - 179 Day CESA
0.05%^†	$1k	-	7 - 29 Day IRA
0.05%^†	$1k	-	30 - 59 Day IRA
0.05%^†	$1k	-	60 - 89 Day IRA
0.05%^†	$1k	-	90 - 179 Day IRA
0.05%^†	$1k	-	7 - 29 Day SEP IRA
0.05%^†	$1k	-	7 - 29 Day Roth IRA
0.05%^†	$1k	-	30 - 59 Day SEP IRA
0.05%^†	$1k	-	30 - 59 Day Roth IRA
0.05%^†	$1k	-	60 - 89 Day SEP IRA
0.05%^†	$1k	-	60 - 89 Day Roth IRA
0.05%^†	$1k	-	90 - 179 Day SEP IRA
0.05%^†	$1k	-	90 - 179 Day Roth IRA
0.05%^†	$1k	-	7 - 29 Day SIMPLE IRA
0.05%^†	$1k	-	30 - 59 Day SIMPLE IRA
0.05%^†	$1k	-	60 - 89 Day SIMPLE IRA
0.05%^†	$1k	-	90 - 179 Day SIMPLE IRA

Rates updated: 2/10/2012

Data for Q3 2011

Comerica Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

983 - Comerica Bank
1596 - Comerica Bank & Trust, National Association

Institution Statistics

Comerica Bank
FDIC Certificate #	983
BankRate Report	View
Year Established	1849
Employees	9064
Primary Regulator	FED
Assets and Liabilities
Assets	$60.81 billion
Loans	$40.49 billion
Deposits	$48.00 billion
Equity Capital	$7.05 billion
Loan Loss Allowance	$766.60 million
Unbacked Noncurrent Loans	$1.06 billion
Real Estate Owned	$91.36 million
Historic Data - September 2010
Assets	$54.93 billion
Equity Capital	$5.97 billion
Loan Loss Allowance	$956.70 million
Unbacked Noncurrent Loans	$1.25 billion
Real Estate Owned	$124.26 million
Profit Margin - Quarterly
Net Interest Margin	3.24%
Return on Assets	0.81%
Return on Equity	7.28%
Interest Income	$1.33 billion

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Comerica Bank had $1.15 billion in non-current loans and owned real-estate with $7.81 billion in equity and loan loss allowances on hand to cover it. This gives Comerica Bank a Texas Ratio of 14.68% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Comerica Bank decreased slightly from 19.94% as of September 30, 2010 to 14.68% as of September 30, 2011, resulting in a positive change of 26.40%.This indicates that the balance sheet and financial strength for Comerica Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Comerica Bank has increased its total deposits by $6.44 billion, resulting in 15.49% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Comerica Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Comerica Bank has $60.81 billion in assets with $7.81 billion in equity, resulting in a capitalization level of 12.85%, which is excellent.

Stay Away From Comerica
1 stars

- mekeelw - Thursday, April 28, 2011 - 1:08 PM

If I could give this bank a negative rating would. I opened a checking account with them in early March and used bill pay in the middle of April to pay my electric and oil bills. While these checks were in transit (via snail mail) they CLOSED MY ACCOUNT without notifying me. Of course the checks bounced. I am left to pay the bank fees and Comerica refuses to accept any responsibility for them.

Vote: 0	Checking Account $100 Cash Bonus OfferCheckingCash	View Promo Details »
	Leave a Comment (6) »
	Anonymous - February 10, 2011 Could you tell me it is a nationwide promotion or just local? Thank you! Anonymous - February 11, 2011 It's right there.... "When I called Comerica last year about a similar promotion, I was told you could apply and qualify for the bonus even if you don't live near a branch. Their toll-free number is 800.979.0850. If you are told something different, please leave a comment." Anonymous - February 15, 2011 I opened Comerica Premier checking account last year with then promotion to earn total of $300 bonus. However, I have not received any, which was supporsed to be deposited into my account by 2/5/2011. Called bank and had them investigate my qualification, I completed all the "painful" requirements but they could not find my registration which I did by June 30th. I am frustrated, and will write a letter to CEO. I put all the requirement in my online calender so I don't miss any qualification and I have to complain now? Watch out, my wife wants to apply for new $100 bonus checking, but I wonder if that's worth her time. Anonymous - February 20, 2011 Stay away from this bank. Bad customer service and you might not receive the bonus. Too many and too ofetn requirement and Not worth your time. Anonymous - April 22, 2011 Opened account 3/4/11 and followed ALL rules in order to get $100 reward. They closed my account 4/18/11 with no warning. First time this happened to me; pretty nasty. Anonymous - September 10, 2011 Opened my account online. Received a $225.00 bonus ($75.00 for direct deposit $75.00 for online bill pay and $75.00 for using my debit card as credit). Have always had excellent customer service from my branch in Fort Worth, Texas. The only negative I could say was the debit card replacement fee, which was refunded after I inquired about it.