Comerica is the 31st largest bank in the United States by assets. It has $71 billion in assets and 478 branches in five states. Comerica is based in Dallas, Texas, and is the biggest commercial bank with headquarters in Texas. Comerica Bank has a five-star rating with Bauer Financial and an A+ rating with the BBB.

What Are Comerica Bank’s Checking and Savings Accounts Like?

Checking Accounts
Comerica has four main types of checking accounts: Access Checking, Rich Rewards Checking, Premier Checking and Comerica Platinum Circle Checking.

The Access Checking is a basic checking account that qualifies users for a free savings account. It does not pay interest. Users receive a checking card; 24-hour access to Comerica ATMs, and a rate discount for Comerica Home Equity lines of credit. It has a $13 monthly maintenance fee, which you can avoid if you maintain a minimum balance of $1,000. This account is best for people with basic checking needs and who can keep a balance of at least $1,000.

The Rich Rewards Checking provides a complimentary savings account and pays interest, albeit just 0.01% APY. Users also receive free Web Bill Pay, free checks and increased rates on certain CDs and IRAs. The monthly fee is $18, but users can avoid it, if they maintain a minimum balance of $5,000 or a minimum combined balance of $7,500 in Comerica accounts.

The Premier Checking is also an interest bearing account that includes a savings account and a money market investment account. All users receive a 0.01% APY, regardless of their balance. This account also provides waived fees for overdraft protection. There is a $22 maintenance fee, but you can avoid it with by maintaining a $7,500 minimum balance or a combined balance of $20,000.

The Comerica Platinum Circle Checking offers all the benefits of the Premier Checking account plus a dedicated customer service number, a higher interest rate (up to 0.05%), and increased money market interest rates. The account has a $50 maintenance fee you can avoid by maintaining a minimum balance of $50,000 or a combined balance of $2.5 million.

Savings Accounts
Comerica has three primary savings accounts: the Statement Savings Account, the Money Market Investment Account, and the High Yield Money Market Account.

The Statement Savings Account is free for users with a Rich Rewards, Premier Checking or Platinum Circle Checking account. Other users must pay a $5.50 monthly maintenance fee if they don’t keep a $500 minimum balance. The interest rate is only 0.01% APY.

The Money Market Investment Account is complimentary with the Premier and Platinum checking accounts. Other users must pay a $12 maintenance fee if the balance drops below $2,500 or their average balance drops below $5,000. It pays an APY of 0.03%.

The High Yield Money Market Account has a tiered rate system ranging from 0.03% to 0.06% based on the account balance. The minimum opening deposit is $50, and the monthly maintenance fee is $17. You can avoid this fee by keeping a balance of at least $15,000 each day.

What Are The Advantages And Disadvantages of Comerica Bank’s Checking And Savings Accounts?

We love this about Comerica Bank:
• Wide selection of checking and savings accounts
• Easy to avoid monthly fees
• Higher than average interest rates
• Extensive network of ATMs

We don’t like this about Comerica Bank:
• Charges maintenance fees on checking and savings accounts
• Minimum deposit amounts
• No way to avoid out-of-network ATM fees
• Low-interest rates


  • Monthly Fee
  • Bauer Financial A+/A Rating
  • Account Features
    • Bauer Financial A+/A Rating
    • CDs
    • Check Images with Statement
    • Checking
    • Debit Card
    • FDIC Member
    • Interest Bearing Account
    • IRAs
    • Savings
    • Visa/Mastercard
  • APY
    Starting at 0.01%
  • Savings Interest Rate
    Starting at 0.01%
  • Checking Interest Rate
    Starting at 0.01%
  • CDs
  • Checking
  • IRAs
  • Savings
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

New Review for Comerica Bank

In category:  

Rate your experience:


Other Personal Bank Accounts companies