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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).

WORST BANK OF ALL TIME- RATING 0

Posted by: dhivyag | May 12, 2016

I took out a HELOC through a mortgage broker. I was supposed to be given a free checking account. After the initial 6 months, the bank started charging monthly fees for the checking account. I went to the branch and they told me to increase the minimum deposit, which I did, but they kept charging fees. I spoke to 3 different bank managers who told me I was supposed to have free checking and they would stop the fees, but it never happened. Now I've closed the HELOC and am trying to refinance my mortgage, and they won't release the lien because my $75 check hasn't cleared, but they never presented it for payment. My credit union says they've never seen anything like it. Neither have I.

Comerica Needs A Class Action Lawsuit Filed Against Them!

Posted by: mteasley | Apr 18, 2012

I was informed that I had to setup direct deposit for my SSI payments and it was recommended by the government to use Direct Express which is owned by Comerica. Before a deposit was even made, someone from Comerica cancelled out my account causing the deposit to be rejected. Another account was opened on my behalf and Social Security issued another deposit only for me not to have access to the funds because Direct Express claims they never received a direct deposit on my behalf. Social Security shows it was received and deposited into an account with my name on it but Comerica is refuting that fact. I've called several times and asked to speak with upper management and has been refused everytime with Supervisors stating I can't speak with anyone higher than themselves and has "released my calls (a polite way of hanging up) when I further insisted on speaking with upper management. Needless to say this has been going on since Feburary and now we're half way thru April with no resolution! I wld love for a class action lawsuit to be filed against this bank, with me as a participant.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #983
Year Established1849
Employees8055
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD4.98%
Annual Interest Income$946.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$71.31B$69.93B
LoansQ2 2016vs Q2 2015$49.66B$49.15B
DepositsQ2 2016vs Q2 2015$57.15B$59.29B
Equity CapitalQ2 2016vs Q2 2015$7.60B$7.44B
Loan Loss AllowanceQ2 2016vs Q2 2015$728.7MM$617.7MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$631.0MM$366.2MM
Real Estate OwnedQ2 2016vs Q2 2015$22.6MM$17.0MM
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 472 locations. Click to view all Comerica Bank locations.