Do you want to learn about all the savings accounts offered by Comerica? At Responsible Economy, we present the key features of all the savings accounts you can open with Comerica, along with a comparison to the best savings accounts in the United States. Let’s get started!
Accounts offered by Comerica
Comerica offers 3 different types of savings accounts, which we present in the following list:
- Statement Savings Account.
- Money Market Investment Account.
- High Yield Money Market Investment Account.
Stament Savings Account
The Statement Savings Account offers a very low interest rate, as you can only achieve a 0.01% APY. Keep in mind that there are banks in the United States offering up to a 5% APY for the money you have saved. If you are considering opening a savings account, you should take a look at the best savings accounts.
The Statement Savings Account has a monthly fee of $5 unless you meet one of the following requirements:
- $500 minimum Ledger Balance each day.
- You are a minor under 18 years of age.
- You notify us that you are 62 years or older with direct deposit of Social Security, pension or other federal recurring payments to your savings account.
- You have a Comerica personal checking account.
Additionally, to open the account, you will need to make a minimum deposit of $50.
Money Market Investment Account
The Comerica Money Market Investment Account also offers a very low interest rate of 0.02% APY. Once again, we advise that if you want to generate interest, this account is not attractive.
Money Market Investment Account has a monthly fee of $12 unless you meet one of the following requirements:
- $2,500.00 minimum Ledger Balance each day.
- $5,000.00 average daily Ledger Balance.
- You have a Comerica Platinum Circle Checking account.
- You have a Premier Checking account and you have not selected a Statement Savings Account as your no-fee savings account.
Additionally, to open the account, you will need to make a minimum deposit of $50.
High Yield Money Market Investment Account
The High Yield Money Market Investment Account currently has a special offer that provides an interest rate of 4.25% APY. This interest rate can indeed be considered competitive.
High Yield Money Market Investment Account has a monthly fee of $17 unless you meet this requirement:
- $15,000.00 minimum Ledger Balance each day or have a Comerica Platinum Circle Checking account or 1849 Checking Account.
To open this account, you also need a minimum initial deposit of $50.
Comparison of the best checking accounts
We have conducted a comparison of Comerica’s savings accounts with the best savings accounts you can open in the United States:
- 4.05% APY
- Minimum deposit: $100
- No welcome bonus
- Member FDIC
- 4.30% APY
- Minimum deposit: $0
- Welcome bonus: $100
- Member FDIC
- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 4.50% APY
- Minimum deposit: $0
- Welcome bonus: $250
- Member FDIC
- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
- 4.30% APY
- Minimum deposit: $0
- Member FDIC
- No welcome bonus
- 4.30 APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
Interesting information about Comerica
We have created a table with relevant information about Comerica
| Information | Description |
|---|---|
| Website | https://www.comerica.com/ |
| https://www.facebook.com/comerica | |
| https://twitter.com/comericabank | |
| https://www.instagram.com/comerica_bank/ |
Other Comerica products
We’ve also provided a list of all the Comerica products we have analyzed:
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