Additional information of Premier Checking account
To help you decide on this interest-bearing checking account, here are some of its main features:
- %0.01 APY
- Comerica Debit Card
- Free checks in any format
- Overdraft fee protection for a designated account
- Choice between a no monthly maintenance free savings account or an HY MMIA
- Interest rate increase for new IRA or CD accounts with maturities greater than 1 year
- Use of Comerica Bill Pay and Web Banking at no monthly fee (expedited payments are fee-based)
- Discount for non-real estate loans and Home Equity Flexline through autopay option
When you compare this Premier Checking account to the Rich Rewards account, there is no difference in the interest you can earn, which is below the national average of 0.25%.
How to avoid the Comerica handling fee?
If you don't want the $22 monthly maintenance fee, you have 2 options:
- Maintain a minimum daily account balance of at least $7,500.
- Own a combined balance each day that reflects at least $20,000 by adding up to 3 linked accounts (CD, IRA, savings or MMIA).
Although the dividends of the Premier Checking account are not the most attractive, you can compensate them with several advantages. It is an instrument that gives you a wide variety of discounts, premium financial management services and overdraft protection.
What are the requirements for Premer Checking?
As with other Comerica products, you must meet certain requirements to be eligible. The main requirements are that you must be 16 years of age or older, be a U.S. citizen, have an official ID, Social Security number and other requirements as determined by the institution.
Español: Cuenta Premier Checking de Comerica