IRA & ESA Deposit Options: CDs​​​​​​​​​​​​​​​​​​​​

Deposit options to fit your needs.

Comerica IRAs and ESAs provide investment alternatives with flexible terms, competitive rates and a variety of CD deposit options for each of Comerica’s IRA and ESA products.

With an IRA or ESA CD you'll also enjoy several benefits and product options:1,2,3,4,5

  • You can invest your retirement or education savings into 
    • Fixed-rate IRA or ESA CDs with terms ranging from 30 days to 10 years 
    • Flexible-rate IRA or ESA CDs with 1 year terms
      • One withdrawal from a Flexible-rate IRA or ESA 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
      • A one-year Flexible-rate term allows additional deposits at any time 
      • You can spread out your deposits so that they mature at different times. This helps to protect your investments as rates fluctuate and makes withdrawal for qualifying expenses easier 
  • Minimum opening deposit is lower than non-IRA or non-ESA CDs 
  • Higher balances in your IRA or ESA CDs mean 
    • You may earn higher rates with Comerica’s tiered rate structure 
    • Your balances may be used to offset your monthly checking account maintenance fee1 
    • You may qualify for premium pricing1
  • Interest is compounded monthly and can be rolled into your principal or paid out via several payment options 
  • Annual statements and tax notices 
  • Automatic Renewal with renewal notices for Fixed and Flexible rate terms 
  • Grace period during which you can make changes without a bank penalty 
  • Funds are FDIC insured up to applicable limits
  • No annual maintenance fees1,5


Minimum opening deposit for an IRA is $500.

Terms and rates for IRAs reflect our CD rates for both fixed and flexible terms. You can find more detail here.

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

2 Withdrawals from IRAs and ESAs may be subject to IRS penalty unless for qualified reasons governed by the IRS

3 Comerica Bank and its affiliates do not provide tax or legal advice. Please consult with your tax and legal advisors regarding your specific situation

4 Comerica Bank is a Member FDIC, accounts FDIC insured up to the maximum amount allowed by law.

5 Bank fees may apply for early withdrawal or exiting the account; fees may reduce earnings on account. Refer to the Master Terms of IRA Custodial Accounts or the Master Terms of Coverdell Education Savings Custodial Accounts for more information.