Comerica savings accounts

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:

CIT Bank Logo
  • 4.05% APY
  • Minimum deposit: $100
  • No welcome bonus
  • Member FDIC
Marcus by Goldman Sachs
  • 4.30% APY
  • Minimum deposit: $0
  • Welcome bonus: $100
  • Member FDIC
synchrony-bank-logo
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo Sofi
  • 4.50% APY
  • Minimum deposit: $0
  • Welcome bonus: $250
  • Member FDIC
Barclays Logo
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo capital One CDs
  • 4.30% APY
  • Minimum deposit: $0
  • Member FDIC
  • No welcome bonus
Discover logo
  • 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

InformationDescription
Websitehttps://www.comerica.com/
Facebookhttps://www.facebook.com/comerica
Twitterhttps://twitter.com/comericabank
Instagramhttps://www.instagram.com/comerica_bank/
Interesting information about Comerica

Other Comerica products

We’ve also provided a list of all the Comerica products we have analyzed:

To conclude, you have a related content about savings accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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