IRA Deposit Options

IRA Deposit Options: CDs

Comerica IRAs provide you with a number of investment alternatives with flexible terms, competitive rates and a choice of deposit options which includes CDs.

With an IRA CD you'll also enjoy additional benefits and product options:

Fixed-rate IRA CDs with terms ranging from 30 days to 10 years
You can spread out your deposits so that they mature at different times. This helps to protect your investments as rates fluctuate.
A one-year Flexible-rate term that allows additional deposits at any time
One withdrawal from a Flexible-rate IRA CD of up to 50% of the account balance at any time before maturity without incurring a bank penalty after the account has been opened for 7 or more days

Interest rates are tiered, so that higher balances earn higher rates
The account balance can be used to offset your monthly checking account maintenance fee¹
Interest is compounded and paid monthly
Renewal notices for Fixed and Flexible rate terms
Annual IRA statement
Grace period during which you can make changes without a bank penalty

IRA Comparison Chart

	Fixed Rate IRA CD	Flexible Rate IRA CD
Account Terms and Minimum to Open	30 days to 10 years: $500	1 year CD: $500²
Interest Rates and Annual Percentage Yield (APY)	Rate and APY are fixed for the term selected and will change to the current market interest rate and APY at maturity Interest compounded and paid monthly	Rate and APY can change periodically during the term Interest compounded and paid monthly
Distribution Payment Options³	Monthly compounding to the account Transfer to another Comerica deposit account Check
Accessibility	Interest: Can be withdrawn without a bank penalty^3,4 Principal: At maturity^3,4,	Interest: Can be withdrawn without a bank penalty^3,4,5 Principal: At maturity^3,4,5

For more information, visit your nearest banking center or give us a call.

DISCLOSURES:

¹Refer to the Personal Services and Charges Brochure for your market.

²A minimum additional deposit of $10 can be made at any time.

³Interest and Principal payments from IRA CDs must be set up as scheduled disbursements and are subject to IRS withdrawal guidelines.

⁴An IRS penalty may be imposed for an early withdrawal.

⁵A one time withdrawal of up to 50% of the account balance any time after 7 days of the account opening, but before maturity, is allowed without incurring a bank penalty.