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With a range of terms, from days to years, you have choices, depending on how soon you want the proceeds. And with a fixed rate that doesn’t vary, you have the peace of mind of locking into a rate up front and not worrying about it as your money grows.
Interest paid or compounded monthly
For CDs with a term of 7 to 29 days, interest is compounded and paid at maturity and automatically transferred into your checking, savings or MMIA, or paid to you directly.
For terms 30 days to 10 years, interest is compounded and paid monthly.1,2
Automatic renewal
Set it and forget it. With automatic renewal, you’ll always get the current interest rate at maturity.3
Interest rate bonus
If you have a Comerica checking relationship, you may qualify for an interest rate bonus.
Visit a Comerica banking center near you to get started earning with a Fixed Rate CD.
1 Minimum balance required to receive interest payments by check is $5,000. No compounding will occur if interest is paid to the customer by check or transfer to Comerica deposit account. 2 A penalty will be imposed for early withdrawal. Fees could reduce earnings on the account. 3 At account maturity there is a grace period to make changes to the account. For account terms of less than 30 days, a 3-day grace period to close or negotiate the account without penalty. For account terms of 30 days or more, there is a 10-day grace period to close or negotiate the account without penalty.
† A penalty may be imposed for an early withdrawal. †† A penalty may be imposed for an early withdrawal.
