Comerica Bank

Comerica, originally called Detroit Savings Fund Institute, opened its doors on August 17, 1849, to a city bustling with shipyards, river trade, sawmills, horse drawn carriages and dirt roads. It had six customers that day, with receipts totaling $41. Within two years, the patronage increased to more than 300 with the tally at $25,000.

Unlike most banks of that time, the Institute paid interest on deposits, had no shareholders or capital stock, and was managed by unpaid fiduciaries. Courting customers from the working class, merchants and even children, the Institute enjoyed steady growth, reaching the $1 million mark in 1870.

Website:

http://www.comerica.com/

Phone Number:

(800) 292-1300 / 7AM - 11PM Mon - Fri

Address:

Comerica Tower at
Detroit Center
500 Woodward Avenue
Detroit, Michigan 48226

Minimum Balance:

varies (savings account), varies (CDs)

Interest:

compounded monthly

Current Savings Account Rates:

[http://www.comerica.com/]

Current CD Rates:

[http://www.comerica.com/]


Rate this bank:

Comments

Cole
2009-08-28 05:47:11
They have a double standard for withdraws. For instance, if you use the money they say its put into a bucket. Then you can't touch that money-understandable, but if you overdraw your account, they can use that money! Once thoes previous items clear, your hit again by another overdraft fee. Avoid this bank! they are turning into Chase Bank.


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