The perfect solution for businesses with extra cash in their checking accounts, a Comerica business savings account gives you the peace of mind that comes from knowing your business’ money is always hard at work1.
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Minimum Daily Balance to Obtain APY $1 & over. Minimum Opening Deposit: $50.00. Activity Fees will apply to each credit or debit transaction exceeding 6 items during the month; a monthly Account Maintenance Fee will be applied to the account. Monthly Account Maintenance Fee will be waived if an average Monthly Ledger Balance of $500 or more is maintained. Ledger Balance is the balance in your account that reflects posted transactions, which include deposits, credits, withdrawals and other debits. Transactions include debits and credits. Other fees will apply.
1 Refer to the Business Account Summary Brochure and Business and Personal Deposit Account Contract for more information.
MONEY MARKET DISCLOSURES:
Minimum Opening Balance: $50.00. Monthly Account Maintenance Fee will be applied when the average Monthly Ledger Balance of $10,000 or more is not maintained. Withdrawal Fee: $5.00 per withdrawal (after 6 free per month) Refer to the Business Account Service Charges and Interest Information brochure and Business and Personal Deposit Account Contract for more information. Ledger Balance is the balance in your account that reflects posted transactions, which include deposits, credits, withdrawals and other debits. The number of certain types of withdrawals from Money Market Accounts in statement cycle is limited, see the Comerica Business and Personal Deposit Contract and the Business Account Service Charges and Interest brochure for details.
2 Refer to the Business Account Summary Brochure and Business and Personal Deposit Account Contract for more information.
3 Minimum balance required to receive monthly interest payments by check is $5,000. No compounding will occur if interest is not paid into the CD.
4 A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
5 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 the account; for account terms of 30 days or more, a 10-day grace period to close the account.
6 A one-time withdrawal of up to 50% of the account balance, any time after 7 days of the account opening or additional deposit, but before maturity, is allowed without incurring a bank penalty.
7 Fee/penalties could reduce earnings and principal balance on the account.
8 Your CD balances may be used to meet the monthly minimum for waiver of maintenance and other related fees on your Comerica personal checking account. For more information please refer to the Personal Services and Charges Brochure.
† Interest on CD terms of 7-29 days is paid at maturity. A penalty may be imposed for early withdrawal.