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Compare Comerica banking products: Savings, Checking, and CDs

Banking and financial services for personal and business use in five states.

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Comerica offers a large variety of personal and business banking products that should fit almost anyone’s needs. It provides waivers for monthly maintenance fees, online and mobile banking, as well as a host of business and international banking options. But if you’re looking for the strongest APYs, you’ll have to look elsewhere.

What banking products does Comerica offer?

Comerica offers both personal and business banking, in addition to many additional services.

Personal banking

Checking accounts
  • Access Checking. Comerica‘s basic checking account offers a debit card, online banking and access to a Comerica savings account. There’s no monthly maintenance fee if you maintain a daily balance of over $1,000.
  • Rich Rewards Checking. Comerica‘s basic checking account requires a minimum daily balance of over $5,000 and yields an unimpressive 0.01% interest.
Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Comerica Rich Rewards Checking
Finder Rating: 2.5 / 5: ★★★★★
Comerica Rich Rewards Checking
Comerica’s Rich Rewards Checking is an interest-bearing checking account. Enjoy features such as Comerica Web Banking, Comerica Web Bill Pay, and a Comerica Debit Card.

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  • Premier Checking. Requires a daily balance of over $7,500 and comes with access to a Money Market Investment Account.
  • Comerica Platinum Circle Checking. Comerica‘s premier checking account requires a daily balance of over $50,000 in combined personal and business accounts and gives access to a High Yield Money Market Investment Account.
Savings accounts
  • Statement Savings Account. Comerica‘s basic savings account offers an ATM card, automatic transfers from a Comerica checking account and yields a low 0.1% APY.
  • Money Market Investment Account. Write up to six checks per statement cycle and earn 0.3% interest. Requires a daily balance of over $2,500.
  • High Yield Money Market Investment Account. Comerica‘s premier savings account is a tiered interest rate account that requires a daily balance of over $15,000 and provides an APY of up to 0.6%.
  • Fixed Rate CD. Comerica offers short- and long-term CDs with unimpressive interest rates varying from 0.1% to 0.25%.
  • Flexible Rate CD. A one-year option with an automatic renewal that yields tiered interest rates on higher balances.

Business banking

Checking accounts
  • Basic Business Checking. The most basic account comes with no monthly maintenance fees or minimum balance requirements. There is no activity fee if there’s less than 75 transactions per month and no cash deposit fee for monthly deposits under $2,500.
  • Small Business Checking. Higher volume account that allows up to 300 transactions per month without fees and cash deposits up to $5,000 per month. Monthly maintenance fee is waived if the average monthly balance is over $7,500.
  • Commercial Checking. Comerica‘s high volume account comes with unlimited transactions and cash management solutions designed for large businesses, though there is a monthly maintenance fee and some activity fees.
Savings accounts
  • Business Savings. A basic savings account with a both an interest rate and APY of 0.03%. The monthly maintenance fee will be waived for average monthly balances of at least $500.
  • Business Money Market. A savings account that offers quick access to funds and tiered interest rates and APY between 0.03% and 0.05%. A $10,000 average monthly balance is required to waive the monthly maintenance fee.
  • Health Savings Account. Comerica offers an HSA that includes tax deductible contributions and tax credits for some businesses. Can qualify only by rolling over an existing HSA plan or by having an HSA qualified health plan.Good
Other products
  • Financial planning. Comerica offers financial planning for various life events, such as retirement, estate, education or cash flow analysis.
  • Trusts. Comerica offers personal trusts, custody services and Collective Investment Funds, which offer an investment path for retirement accounts.
  • Investments. Provides management and advice for investments, as well as brokerage services and asset management accounts.
  • Credit cards. Its Visa and American Express cards include rewards, cashback, paying down balances and building credit — plus a unique Detroit Tigers Visa Card that grants special rewards to people visiting Comerica Park in Detroit.
  • Loans and leases. For businesses needing extra cash and/or equipment, Comerica offers commercial loans and equipment leasing for a wide range of industries, including manufacturing, transportation, railroad and service industries.
  • Treasury management. Comerica provides additional accounting services such as merchant services, lockbox services, cash vaults, wire transfers, payroll services, information management and liquidity services.
  • International services. Comerica offers help for overseas businesses wanting to invest in North America, as well as import/export financing, letters of credit and foreign exchange services.
  • Corporate services. Comerica also offers various other financial services geared toward businesses. Some of these include title and escrow services, securities lending, cash management, passive investment services, commercial insurance and retirement plans.

Where does Comerica have branches?

  • Texas
  • Arizona
  • California
  • Florida
  • Michigan

How does Comerica compare to other banks or services?

Comerica is the 41st largest bank in the United States and holds over $71 billion in assets across its 591 branches. It’s the largest commercial bank that has its headquarters in Texas.
While Comerica is significantly smaller than the largest US banks, it has branches across the nation and provides a full range of financial services for both personal and business needs.

Checking accounts


  • Opening deposits. Most checking accounts require a $50 minimum deposit to get started. While this is on par with other checking accounts, some banks let you get started with as little as $0.
  • Interest-bearing options. Aside from the Access Checking account, all other personal accounts earn interest. Albeit rates are lower than what you’ll find elsewhere.
  • Discounts. Comerica checking account holders get access to other perks like loan discounts.


  • High monthly minimums. Comerica waives monthly fees — but only when you maintain a minimum daily balance of $1,000 to $50,000 depending on the account. With minimum balance requirements this high, it may be hard to avoid the monthly fee.
  • Bill pay fees. Most banks offer online bill pay for free, no strings attached. But Comerica requires you have direct deposit set up to avoid the $6.95 monthly fee for this service.

Savings accounts


  • Low minimum deposits. You only need $50 to open a savings account, which is on par with other banks.
  • ATM card. Unlike other banks, most of Comerica’s savings accounts come with an ATM card, so you can withdraw cash on the go wherever you need to.
  • Recurring transfers. You can set up automatic transfers between any of your accounts, making it easier to save money each month in a savings account.


  • Low rates. Despite offering high yield accounts, Comerica‘s basic accounts have low interest rates, starting at 0.01%.
  • Monthly maintenance fees. Every savings account has an associated monthly fee — though Comerica waives them if you have a qualifying Comerica checking account or when you meet certain minimum balance requirements.



  • Fixed and flexible rate options. Most CDs have fixed rates, but Comerica gives you the option of opening a one-year, flexible rate CD, which could be a good option if you think rates may go up in the near future.
  • Many term options. Fixed-rate CD terms start at 7 days and go up to 10 years, giving you the ultimate flexibility to choose a term that’s right for you.
  • Interest rate bonus. You may be eligible for a special relationship APY if you have a Comerica checking account.


  • Low rates. Interest rates for CDs range from 0.01% to 0.25%, which doesn’t even come close to what you could earn with the competition.
  • Opening deposit. You’ll need at least $1,000 to open a fixed or variable rate CD. While this is average, some banks let you open a CD with $500 or less.
  • Can’t open in person. You must visit a branch to open a Comerica CD.

Overall banking


  • Account options. Comerica offers a wide range of personal and business banking options, making it a good fit whether you’re looking for daily banking, savings and investments or complex business accounts.
  • Online banking. Comerica has an easy-to-use online banking platform with no monthly fees. If you use direct deposit, it also waives the fees to use its Web Bill Pay service.


  • Customer reviews. Many banks suffer from negative online reviews, and Comerica is one of them.
  • Limited in-person banking. Comerica only has branches in five states, so you may be limited to online support if you live outside of this service area.

      What do regulators and customers say?

      Comerica is accredited with the Better Business Bureau and has an A+ rating with it. It’s a member of the FDIC and has a mostly Outstanding rating from the CRA. A few locations hold a Satisfactory rating, while one location in Boca Raton holds a Needs to Improve rating.Comerica has a 6.1 TrustScore on Trustpilot, with only one 3- out of 5-star review on the site. There are over 1.3 million complaints related to Comerica on the Consumer Financial Protection Bureau’s website, most of which are related to its banking services.

      Comerica‘s customer service

      Comerica divides its customer service numbers into time zones.
      Eastern800-266-37428 a.m. to 8 p.m. weekdays
      Central800-925-21608 a.m. to 8 p.m. weekdays
      Mountain/Pacific800-522-22658 a.m. to 6 p.m. weekdays
      Hearing impaired800-822-65468 a.m. to 8 p.m. ET weekdays

      It also offers a 24/7 interactive voice response system where you can check account balances, transfer funds, report lost cards, reset your password and report fraud.

      Compare Comerica to the competition

      If you’re looking for a bank with higher interest rates, use the table to compare accounts from other institutions.

      Name Product Annual percentage yield (APY) Fee Minimum deposit to open
      Aspiration Spend & Save Account
      Finder Rating: 4.2 / 5: ★★★★★
      Aspiration Spend & Save Account
      $0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
      Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC and a $100 bonus when you spend $1,000 in your first 60 days.
      Axos Bank High Yield Savings
      Finder Rating: 4 / 5: ★★★★★
      Axos Bank High Yield Savings
      No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
      BlockFi Interest Account
      BlockFi Interest Account
      Up to 8.25%
      Score up to 8.25% APY with this free crypto-interest account. Not available in New York and not FDIC insured.
      American Express® High Yield Savings
      Finder Rating: 4.6 / 5: ★★★★★
      American Express® High Yield Savings
      Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
      Gemini Earn
      Gemini Earn
      Up to 8.05%
      Watch your cryptocurrency earn up to 8.05% APY with this nationwide account. Not FDIC insured.
      Nexo Earn
      Nexo Earn
      Up to 12.00%
      This account accrues up to 12% APY on crypto, and interest gets deposited into your account on a daily basis. Not FDIC insured.

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      Bottom line

      Comerica offers almost every financial product and service imaginable. This wide variety of banking and financial options can provide a useful one-stop shop for your financial needs.
      However, it doesn’t receive the highest marks for customer service and higher APYs can be found elsewhere. Compare all of your options before deciding on a bank.

      Frequently asked questions.

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