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214-462-4000
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.

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Reasonable expectations, excellent service

I selected Comerica because I live in Michigan and it was founded in this state. I think it's important to support local businesses, and even though Comerica is no longer headquartered in Michigan, they still do a lot of business here and I wanted to make sure I kept my money local. I opened up a checking account at my nearest Comerica in 2005, when I was 18. It was my first bank account and I was not sure what to expect. So far, they have not disappointed me. I have never encountered any of the random fees some of my friends complain about. They do charge a $6 monthly fee if you have a very low balance or don't deposit a certain amount of money every month, but my checking account is actively used, so I do not have to deal with any fees like that and I have no issues there.

What has impressed me the most, however, is how they deal with potential fraud and abuse. Twice in the past 10 years, they have mailed me to let me know that my card may have been compromised and sent me a new one free of charge. Once was after I lost my ATM card, but had not yet reported the loss. I don't even know what triggered the warning because no one had accessed my money that I knew of, but I was very grateful they were looking out for me and making sure my money was safe. Because of this, I will be a Comerica customer for life.

Great Bank

I opened a small business checking account with Comerica back in 2008.  Although I do not maintain a large balance, the account is free, except for purchasing checks.  On one occasion they did erroneously debit my account, but they corrected it very quickly when I brought it to their attention.  The branch representative in West Hollywood was outstanding.  The epitome of customer service.

They do charge for on-line bill pay, so unless you pay lots of bills it's a feature that's not worthwhile ($6.95).

Avoid This Self-Serving Bank

We are e small business (400K per year) and we banked with Comerica for four years. We found them to be very self-serving and not honest. We had enough of their Trumpian ways and have found a smaller community bank to handle our precious money. We will go out of our way to pass the word through online reviews that this bank is not a good choice for honest people.

Comerica Is To Banks As United Is To Airlines!

Our business account receives NUMEROUS checks using various versions of our business name and/or the business principal since the mid 70s. Periodically bank tellers attempt to pick and choose which checks they will allow deposited -- With the numerous banks (both local and national) available to the consumer -- don't need to fight to make a deposit! To make a bad situation worse ... when attempted to have the corporate office resolve the issue they were only able to repeatedly defend the pick and choose of the bank teller. Don't bank here ... don't waste your time complaining to corporate -- there's no quality and they don't care!
Overall rating would be no or negative stars -- usually only submit POSITIVE reviews to support positive experiences and will ignore the negative. This experience has been so serious that I am taking the time to POST on every site I can find in the hopes that as many people as possible will read this and be motivated to avoid this bank -- AVOID THIS BANK!

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Health
B+

Health Grade Components

Overall
FDIC Certificate #983
Year Established1849
Employees7265
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD6.96%
Annual Interest Income$1.91B
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$73.02B$71.86B
LoansQ4 2016vs Q4 2015$48.36B$48.47B
DepositsQ4 2016vs Q4 2015$59.98B$60.58B
Equity CapitalQ4 2016vs Q4 2015$7.50B$7.46B
Loan Loss AllowanceQ4 2016vs Q4 2015$730.5MM$634.4MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$592.1MM$376.7MM
Real Estate OwnedQ4 2016vs Q4 2015$19.3MM$12.7MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Business Savings Account
0.01%--Statement Savings Account

Comerica Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-High Yield Money Market
OTHER TIERS: 0.04% Up to $15k | 0.06% $15k - $50k | 0.08% $50k - $100k
0.06%*$100k*-High Yield Money Market Investment Account
OTHER TIERS: 0.03% Up to $15k | 0.04% $15k - $100k
0.05%*$100k*-Business Money Market
OTHER TIERS: 0.03% Up to $100k
0.03%-$25kMoney Market Investment Account

Comerica Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Lawyer's Trust Interest Checking
OTHER TIERS: 0.10% Up to $100k
0.05%*$100k*-Comerica Platinum Circle Checking®
OTHER TIERS: 0.03% Up to $100k
0.01%--Rich Rewards® Checking
0.01%--Premier Checking

Comerica Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%--7 - 10 Year CD w/ Comerica Platinum Circle Checking®
0.60%--5 Year CD w/ Comerica Platinum Circle Checking®
0.60%--6 Year CD w/ Comerica Platinum Circle Checking®
0.55%--7 - 10 Year CD w/ Premier Checking
0.50%--4 Year CD w/ Comerica Platinum Circle Checking®
0.50%--5 Year CD w/ Premier Checking
0.50%--6 Year CD w/ Premier Checking
0.50%--7 - 10 Year CD w/ Rich Rewards® Checking
0.45%--3 Year CD w/ Comerica Platinum Circle Checking®
0.45%--5 Year CD w/ Rich Rewards® Checking
0.45%--6 Year CD w/ Rich Rewards® Checking
0.40%--7 - 10 Year Fixed Rate CD
0.40%$1k-Business 7 - 10 Year Fixed Rate CD
0.40%--2 Year CD w/ Comerica Platinum Circle Checking®
0.40%--4 Year CD w/ Premier Checking
0.35%--5 Year Fixed Rate CD
0.35%--6 Year Fixed Rate CD
0.35%$1k-Business 5 Year Fixed Rate CD
0.35%$1k-Business 6 Year Fixed Rate CD
0.35%--1 Year CD w/ Comerica Platinum Circle Checking®
0.35%--3 Year CD w/ Premier Checking
0.35%--4 Year CD w/ Rich Rewards® Checking
0.30%--2 Year CD w/ Premier Checking
0.30%--3 Year CD w/ Rich Rewards® Checking
0.29%--180 - 364 Day CD w/ Comerica Platinum Circle Checking®
0.25%--4 Year Fixed Rate CD
0.25%$1k-Business 4 Year Fixed Rate CD
0.25%--1 Year CD w/ Premier Checking
0.25%--2 Year CD w/ Rich Rewards® Checking
0.20%--3 Year Fixed Rate CD
0.20%$1k-Business 3 Year Fixed Rate CD
0.20%--1 Year CD w/ Rich Rewards® Checking
0.15%--2 Year Fixed Rate CD
0.15%$1k-Business 2 Year Fixed Rate CD
0.10%--1 Year Fixed Rate CD
0.10%*$100k*-1 Year Flexible Rate CD
OTHER TIERS: 0.05% Up to $10k | 0.07% $10k - $100k
0.10%$1k-Business 1 Year Fixed Rate CD
0.10%*$100k*-Business 1 Year Flexible Rate CD
OTHER TIERS: 0.05% Up to $10k | 0.07% $10k - $100k
0.04%--180 - 364 Day Fixed Rate CD
0.04%$1k-Business 180 - 364 Day Fixed Rate CD
0.04%--180 - 364 Day CD w/ Rich Rewards® Checking
0.04%--180 - 364 Day CD w/ Premier Checking
0.03%--90 - 179 Day Fixed Rate CD
0.03%$1k-Business 90 - 179 Day Fixed Rate CD
0.03%--90 - 179 Day CD w/ Comerica Platinum Circle Checking®
0.03%--90 - 179 Day CD w/ Rich Rewards® Checking
0.03%--90 - 179 Day CD w/ Premier Checking
0.02%--30 - 59 Day Fixed Rate CD
0.02%--60 - 89 Day Fixed Rate CD
0.02%$1k-Business 30 - 59 Day Fixed Rate CD
0.02%$1k-Business 60 - 89 Day Fixed Rate CD
0.02%--30 - 59 Day CD w/ Comerica Platinum Circle Checking®
0.02%--60 - 89 Day CD w/ Comerica Platinum Circle Checking®
0.02%--30 - 59 Day CD w/ Rich Rewards® Checking
0.02%--30 - 59 Day CD w/ Premier Checking
0.02%--60 - 89 Day CD w/ Rich Rewards® Checking
0.02%--60 - 89 Day CD w/ Premier Checking
0.01%--7 - 29 Day Fixed Rate CD
0.01%$1k-Business 7 - 29 Day Fixed Rate CD
0.01%--7 - 29 Day CD w/ Comerica Platinum Circle Checking®
0.01%--7 - 29 Day CD w/ Rich Rewards® Checking
0.01%--7 - 29 Day CD w/ Premier Checking

Comerica Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%--7 - 10 Year IRA w/ Comerica Platinum Circle Checking®
0.60%--5 Year IRA w/ Comerica Platinum Circle Checking®
0.60%--6 Year IRA w/ Comerica Platinum Circle Checking®
0.55%--7 - 10 Year IRA w/ Premier Checking
0.50%--4 Year IRA w/ Comerica Platinum Circle Checking®
0.50%--5 Year IRA w/ Premier Checking
0.50%--6 Year IRA w/ Premier Checking
0.50%--7 - 10 Year IRA w/ Rich Rewards® Checking
0.45%--3 Year IRA w/ Comerica Platinum Circle Checking®
0.45%--5 Year IRA w/ Rich Rewards® Checking
0.45%--6 Year IRA w/ Rich Rewards® Checking
0.40%--7 - 10 Year IRA
0.40%--2 Year IRA w/ Comerica Platinum Circle Checking®
0.40%--4 Year IRA w/ Premier Checking
0.35%--5 Year IRA
0.35%--6 Year IRA
0.35%--1 Year IRA w/ Comerica Platinum Circle Checking®
0.35%--3 Year IRA w/ Premier Checking
0.35%--4 Year IRA w/ Rich Rewards® Checking
0.30%--2 Year IRA w/ Premier Checking
0.30%--3 Year IRA w/ Rich Rewards® Checking
0.29%--180 - 364 Day IRA w/ Comerica Platinum Circle Checking®
0.25%--4 Year IRA
0.25%--1 Year IRA w/ Premier Checking
0.25%--2 Year IRA w/ Rich Rewards® Checking
0.20%--3 Year IRA
0.20%--1 Year IRA w/ Rich Rewards® Checking
0.15%--2 Year IRA
0.10%--1 Year IRA
0.10%*$100k*-1 Year Flexible Rate IRA
OTHER TIERS: 0.05% Up to $10k | 0.07% $10k - $100k
0.04%--180 - 364 Day IRA
0.04%--180 - 364 Day IRA w/ Premier Checking
0.04%--180 - 364 Day IRA w/ Rich Rewards® Checking
0.03%--90 - 179 Day IRA
0.03%--90 - 179 Day IRA w/ Comerica Platinum Circle Checking®
0.03%--90 - 179 Day IRA w/ Premier Checking
0.03%--90 - 179 Day IRA w/ Rich Rewards® Checking
0.02%--30 - 59 Day IRA
0.02%--60 - 89 Day IRA
0.02%--30 - 59 Day IRA w/ Comerica Platinum Circle Checking®
0.02%--60 - 89 Day IRA w/ Comerica Platinum Circle Checking®
0.02%--30 - 59 Day IRA w/ Premier Checking
0.02%--30 - 59 Day IRA w/ Rich Rewards® Checking
0.02%--60 - 89 Day IRA w/ Premier Checking
0.02%--60 - 89 Day IRA w/ Rich Rewards® Checking
0.01%--7 - 29 Day CESA
0.01%--7 - 29 Day IRA w/ Comerica Platinum Circle Checking®
0.01%--7 - 29 Day IRA w/ Premier Checking
0.01%--7 - 29 Day IRA w/ Rich Rewards® Checking
Locations

Comerica Bank has 457 locations. Click to view all Comerica Bank locations.