Does Comerica Bank typically offer competitive CD rates?


Quick Answer

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.

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Full Answer

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.

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