Comerica Bank

Overview / Commentary

www.comerica.com

734-632-5181

1717 Main Street
Dallas, TX 75201

Comerica Bank is a large, publicly traded bank (NYSE: CMA) located in Dallas, Texas, that provides its customers with personal, small business, and commercial banking services, as well as wealth management services. Its reward checking account has been featured repeatedly in the past on DepositAccounts.com. The bank’s website is easy to navigate and segments its personal banking products and services into deposit, loan, and wealth management categories.

Within Comerica’s deposit category offerings are checking, savings, and money market accounts, as well as certificates of deposits, or CDs. In addition to a simple checking account, the bank offers several checking accounts that come with incentives for opening other accounts such as CDs, IRAs, and money market accounts. A basic savings account is available with comes with free direct deposit, and several money market accounts offer higher rates of interest for keeping larger minimum account balances. Certificates of deposit range in term lengths from 7 days to 10 years and offer generally lower interest rates than the national average. Comerica also offers Visa check and credit cards.

Comerica Bank online banking features 24/7 account access and management. Customers can use the web-based platform to view up to six months of account history, transfer funds, and upload their transactions into financial management applications like Quicken. The bank also offers a customized mobile app for customers’ use on their smartphones.

Comerica Bank was originally established in 1849 as the Detroit Savings Fund Institute and kept its headquarters in Detroit, Michigan, for more than 150 years. The bank changed its name to Comerica in 1991 before relocating its headquarters to Dallas in 2007, where it remains to this day. It serves its customers through multiple branches located throughout the United States.

View all posts from:

2014
2011
2010
Earlier

1/2 - Comerica Bank To Pay $14.6 Million To Settle Class Action Over Overdraft Fees

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

10/10 - Comerica Bank's $100 Checking Account Bonus
9/15 - Comerica Office Perks Program: $200+ Business Checking Promotion
4/29 - Earn up to $300 in Comerica's Checking Account Promotion

8/28/09 - $120 Checking Account Bonus at Comerica Bank
1/9/08 - $200 Bonus for Business Checking and $100 for Personal Checking at Comerica Bank
2/19/07 - $100 Checking Account Bonus at Comerica Bank

Reviews (5)

Write a Review

HORRIBLE BANK MANAGER STAY FAR AWAY BURBANK COAMERICA

Posted by: Jamer | May 22, 2024

HORRIBLE BANK MANAGER STAY FAR AWAY BURBANK COAMERICA

Armen Martirosyan HORRIBLE MANAGER SCAMMER STAY FAR AWAY HE WILLS SCREW YOU WITH NON STOP FEES AND HE WONT ASSIST YOU STAY FAR AWAY #scam #scammers #fraud #scammer #scamalert #scammersofinstagram #fake #scammeralert #spam #romancescams #fakeaccount #scams #money #covid #fraudster #instagram #fbi #socialmedia #antimlm #scamartist #beware #pyramidscheme #scammerofinstagram #fraudalert #donaldtrump #interpol #stopbeingnaive #fauxcompte #eu #blackmail

Comment

Complete DISREGARD For The Customer. Caveat Emptor! ??

Posted by: Atlas | Feb 9, 2024

In early January 2024, in good-faith, opened, an account at this banking institution. Deposited $3500.00. $3K in a check and $500.00 in cash; no hold! ?? FAST FORWARD! Deposited another $3K in a check and $500.00 in cash; not at the branch where the account was opened; another. A hold was placed on the check and cash for 9-business-days; EXCESSIVE in 2024. NOTE: yes. The account is new; however, I contacted the local Credit Union where the funds were drawn from, and was informed, the check cleared; within 72 hrs.. I waited an additional 2-business-days and implored the Branch Manager to release the hold; REQUEST DENIED! ??

This bank requires its Depositors to, on-a-daily-basis, maintain a minimum of $1K in order to not be charged their absorbent fees of $14.00/month. RIDICULOUS! ?? I acquiesced to the high-fees under the impression that I would receive 1st Rate service; ha! ???? The jokes on me! It is the 9th-day and funds are still not released. ComErica is most certainly using my funds to pay their bills and prop up its stock. Yes. At my expense; DESPICABLE! ??

In just under five (5) weeks, I'm closing the account as soon as funds are released!
Good-riddance.

I do NOT recommend this bank; NOT at all! PLEASE do your research; thoroughly! Invest time in due-diligence; business with any bank or credit union that handles your hard-earned monie is serious business! You have been forewarned??

Comment

Garbage And Parasitic Company

Posted by: druzyheart | Jan 13, 2024

Both my child support and my son's ssi go into accounts by this company. I have been charged atm fees from co america at my moneypass atm consistently and it never says that it will on the atm screen. And, after winding my way through their ridiculous labyrinth of customer service menu, they never have an answer. Its been since last summer and they have yet to reemburse me. Now, I'm being charged nsf fees, which they didn't do before. The joke of an app says there's a bug so I can't use that. You get charged fees for calling customer service as well. My solution to this incompetance and outright thievery is to remove my money from this bank and get direct deposit into my local bank. I remember being told I would never be charged a fee on my child support account as long as I used atms in Illinois. Untrue. I hope you get replaced by a better bank asap.

Comment

Very Crooked Bank

Posted by: Deb9755 | Nov 17, 2023

This bank will violate the law by freezing exempt funds even way over and above an illegal judgment in violation of both federal and state statutes. They will be your credit card lawyers best friend! Do NOT trust these people with your money especially if you’re a disabled senior.

Comment

Cascading Fees Even AFTER Settling A Class Action Suit

Posted by: snyblom | May 13, 2021

The online banking is not reliable. I check my balance daily because this has happened so many times.

Login, look at account page. At the top it says pending transaction ARE reflected in balance. But this does not include overdraft fees. So basically you don't KNOW you need to move money into the account. So off you go thinking you are in the black, using your debit card, but then fees post and ANOTHER round of overdraft fees is added in.

They will not link to another Comerica account for overdraft protection, they only offer a credit card with Comerica and that has already settled a class action suit.

Health

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	983
Year Established	1849
Employees	7418
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.9%
Return on Equity - YTD	13.14%
Annual Interest Income	$2B

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$79.61B$90.86B
Loans	Q2 2024vs Q2 2023	$51.38B$55.3B
Deposits	Q2 2024vs Q2 2023	$63.95B$68.07B
Equity Capital	Q2 2024vs Q2 2023	$5.65B$5.17B
Loan Loss Allowance	Q2 2024vs Q2 2023	$686MM$684MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$229MM$183MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$2MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Comerica Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Comerica Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.01%^†	$1	-	Statement Savings Account
0.01%^†	$1	-	Small Business Savings
0.01%^†	$1	-	Commercial Business Savings

Comerica Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%^†	$1	-	Promotional High Yield Money Market Investment Account - New Money
2.10%^*^†	$500k^*	-	Premium Business Money Market
OTHER TIERS: 1.00% → $1 - $500k
1.65%^*^†	$500k^*	-	Comerica Platinum Circle High Yield Money Market
OTHER TIERS: 0.05% → $1 - $15k \| 0.07% → $15k - $50k \| 0.25% → $50k - $100k \| 1.25% → $100k - $500k
1.00%^*^†	$500k^*	-	Small Business Money Market
OTHER TIERS: 0.50% → $1 - $500k
0.02%^†	$1	-	Money Market Investment Account

Comerica Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*^†	$50k^*	-	Comerica Platinum Circle Checking
OTHER TIERS: 0.05% → $1 - $50k
0.01%^†	$1	-	Rich Rewards Checking
0.01%^†	$1	-	Premier Checking

Comerica Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.75%^†	$2.5k	$10m	180 Day Fixed Rate CD Special - New Money
4.50%^†	$2.5k	$10m	270 Day Fixed Rate CD Special - New Money
3.00%^†	$2.5k	$10m	12 Month Fixed Rate CD Special - New Money
0.45%^†	$1	-	5 Year CD w/ Comerica Platinum Circle Checking
0.45%^†	$1	-	6 Year CD w/ Comerica Platinum Circle Checking
0.45%^†	$1	-	7-10 Year CD w/ Comerica Platinum Circle Checking
0.40%^†	$1	-	3 Year CD w/ Comerica Platinum Circle Checking
0.40%^†	$1	-	4 Year CD w/ Comerica Platinum Circle Checking
0.35%^†	$1	-	1 Year CD w/ Comerica Platinum Circle Checking
0.35%^†	$1	-	2 Year CD w/ Comerica Platinum Circle Checking
0.35%^†	$1	-	5 Year CD w/ Premier Checking
0.35%^†	$1	-	6 Year CD w/ Premier Checking
0.35%^†	$1	-	7-10 Year CD w/ Premier Checking
0.30%^†	$1	-	180-364 Day CD w/ Comerica Platinum Circle Checking
0.30%^†	$1	-	3 Year CD w/ Premier Checking
0.30%^†	$1	-	4 Year CD w/ Premier Checking
0.30%^†	$1	-	5 Year CD w/ Rich Rewards Checking
0.30%^†	$1	-	6 Year CD w/ Rich Rewards Checking
0.30%^†	$1	-	7-10 Year CD w/ Rich Rewards Checking
0.25%^*^†	$500k^*	-	Business 5 Year Fixed Rate CD
OTHER TIERS: 0.20% → $1 - $500k
0.25%^†	$1	-	1 Year CD w/ Premier Checking
0.25%^†	$1	-	2 Year CD w/ Premier Checking
0.25%^†	$1	-	3 Year CD w/ Rich Rewards Checking
0.25%^†	$1	-	4 Year CD w/ Rich Rewards Checking
0.20%^†	$1	-	5 Year Fixed Rate CD
0.20%^†	$1	-	6 Year Fixed Rate CD
0.20%^†	$1	-	7-10 Year Fixed Rate CD
0.20%^†	$1	-	Business 6 Year Fixed Rate CD
0.20%^†	$1	-	Business 7-10 Year Fixed Rate CD
0.20%^†	$1	-	1 Year CD w/ Rich Rewards Checking
0.20%^†	$1	-	2 Year CD w/ Rich Rewards Checking
0.15%^†	$1	-	3 Year Fixed Rate CD
0.15%^†	$1	-	4 Year Fixed Rate CD
0.15%^†	$1	-	Business 3 Year Fixed Rate CD
0.15%^†	$1	-	Business 4 Year Fixed Rate CD
0.10%^†	$1	-	1 Year Fixed Rate CD
0.10%^†	$1	-	2 Year Fixed Rate CD
0.10%^*^†	$2.5k^*	-	1 Year Flexible Rate CD
OTHER TIERS: 0.05% → $1 - $2.5k
0.10%^†	$1	-	Business 1 Year Fixed Rate CD
0.10%^*^†	$2.5k^*	-	Business 1 Year Flexible Rate CD
OTHER TIERS: 0.05% → $1 - $2.5k
0.10%^†	$1	-	Business 2 Year Fixed Rate CD
0.05%^†	$1	-	180-364 Day Fixed Rate CD
0.05%^†	$1	-	Business 180-364 Day Fixed Rate CD
0.05%^†	$1	-	180-364 Day CD w/ Rich Rewards Checking
0.05%^†	$1	-	180-364 Day CD w/ Premier Checking
0.03%^†	$1	-	7-29 Day Fixed Rate CD
0.03%^†	$1	-	30-59 Day Fixed Rate CD
0.03%^†	$1	-	60-89 Day Fixed Rate CD
0.03%^†	$1	-	90-179 Day Fixed Rate CD
0.03%^†	$1	-	Business 7-29 Day Fixed Rate CD
0.03%^†	$1	-	Business 30-59 Day Fixed Rate CD
0.03%^†	$1	-	Business 60-89 Day Fixed Rate CD
0.03%^†	$1	-	Business 90-179 Day Fixed Rate CD
0.03%^†	$1	-	7-29 Day CD w/ Comerica Platinum Circle Checking
0.03%^†	$1	-	30-59 Day CD w/ Comerica Platinum Circle Checking
0.03%^†	$1	-	60-89 Day CD w/ Comerica Platinum Circle Checking
0.03%^†	$1	-	90-179 Day CD w/ Comerica Platinum Circle Checking
0.03%^†	$1	-	7-29 Day CD w/ Rich Rewards Checking
0.03%^†	$1	-	7-29 Day CD w/ Premier Checking
0.03%^†	$1	-	30-59 Day CD w/ Rich Rewards Checking
0.03%^†	$1	-	30-59 Day CD w/ Premier Checking
0.03%^†	$1	-	60-89 Day CD w/ Rich Rewards Checking
0.03%^†	$1	-	60-89 Day CD w/ Premier Checking
0.03%^†	$1	-	90-179 Day CD w/ Rich Rewards Checking
0.03%^†	$1	-	90-179 Day CD w/ Premier Checking

Comerica Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^†	$500	-	5 Year Fixed Rate IRA
0.20%^†	$500	-	6 Year Fixed Rate IRA
0.20%^†	$500	-	7-10 Year Fixed Rate IRA
0.15%^†	$500	-	3 Year Fixed Rate IRA
0.15%^†	$500	-	4 Year Fixed Rate IRA
0.10%^†	$500	-	1 Year Fixed Rate IRA
0.10%^*^†	$2.5k^*	-	1 Year Flexible Rate IRA
OTHER TIERS: 0.05% → $500 - $2.5k
0.10%^†	$500	-	2 Year Fixed Rate IRA
0.05%^†	$500	-	180-364 Day Fixed Rate IRA
0.03%^†	$500	-	7-29 Day Fixed Rate IRA
0.03%^†	$500	-	30-59 Day Fixed Rate IRA
0.03%^†	$500	-	60-89 Day Fixed Rate IRA
0.03%^†	$500	-	90-179 Day Fixed Rate IRA