Does Comerica Bank Typically Offer Competitive CD Rates?

Does Comerica Bank Typically Offer Competitive CD Rates?

CD rates offered by Comerica Bank are poor when compared to the average. For example, as of 2016, a one-year CD has a 0.10 percent interest rate and a six-year interest rate has a 0.35 percent interest rate.

Comerica Bank's interest rates for CD terms of less than one year are 0.01 to 0.04 percent. Its interest rate for a seven to 10-year CD is just 0.40 percent. Comerica Bank requires $1,000 minimum to invest in a CD.

Credio rates Comerica Bank as providing a below-average yield for CDs when compared to the national average of 0.35 percent. Since 2009, a six-month CD at Comerica Bank has averaged 0.17 percent less than the national average, and a five-year CD at Comerica has provided a 0.29 percent lesser return than the national average, reports Credio.