Comerica CD rates
With the economy the way it is one fo the banks that is still offering a decent cd is Comerica bank. Of course this is for more than just a 100 dollar deposit. You will need to invest at least $2500 dollars and the term of the cd will be for 12 months. Now for the return. With this CD you will get a 4% annual percentage yield which is not too bad.
Another thing that you should know is that you will need to open a checking account with Comerica bank to be able to qualify for this rate.
Also, just to give you a little info on who Comerica is. They are a financial services company that is located in Dallas. They have segmented themselves into three different groups those being the following: The Business Bank, The Retail Bank, and Wealth & Institutional Management.
With that in mind there are some other financial groups and institutions that have decent bank cd rates as well such as Fifth Third and charter One bank. You can lock in this rate for the next year on most of these bank cd’s so it overall is a good bet for right now. Most people don’t think the economy is going to change much within the year, so this may not be a bad idea to get in now.
