DETROIT, June 6 /PRNewswire/ -- Comerica Bank today announced the introduction of a new Access Checking account package and enhancements to its Platinum Circle account. Comerica now provides customers with three checking account package options - Access, Premier and Platinum Circle - that provide the services customers want and more ways than ever to meet account balance requirements and avoid fees.
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"All Comerica checking accounts now come with a package of features," noted Cassandra McKinney, senior vice president and national product and sales management director. "We listened to our customers and have developed packages with services that meet their different needs, such as ways to eliminate monthly service charges, interest rate bonuses on deposits or discounts on loans, or direct access to customer service specialists."
The Access package includes a no-service-charge Statement Savings account with an Access Checking account, unlimited check writing, debit card, credit card (for those who qualify) and overdraft protection. The Access Checking account is Comerica's low-cost checking account option that gives customers four ways to avoid monthly service charges -- by owning a home, having direct deposit of a payroll check, being a full-time student or maintaining a minimum balance requirement.
The redesigned Platinum Circle provides customers a fee-free package account. Platinum Circle customers earn a premium rate, currently 2.5 percent annual percentage yield (APY) on checking account balances higher than $15,000 and an interest rate bonus on money market accounts, time deposits and IRAs. Unlike most other accounts, customers can combine their personal and business deposits in order to meet the account's minimum opening balance requirement of $50,000. In addition to avoiding fees for monthly service charges, insufficient funds, overdrafts, and Web Bill Pay, other Platinum Circle benefits include a menu-free, toll-free number for customers to call to speak directly to a customer service specialist. The Platinum Circle checking account APY of 2.5 percent is as of June 1, 2006, and is subject to change.
Comerica's Premier account includes rate discounts on loans, free Web Bill Pay, no foreign ATM fees plus other account benefits. The minimum opening balance requirement of $20,000 can be met through deposit account or revolving home equity loan account balances, providing our customers maximum flexibility and benefit.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit, strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth & Institutional Management. Comerica's approximately 10,800 employees focus on relationships, and helping people and businesses be successful. Comerica Bank locations can be found in Michigan, California, Texas, Arizona and Florida, with select businesses operating in several other states, Canada and Mexico. Munder Capital Management and Comerica Securities are investment services affiliates. Comerica reported total assets of $56.4 billion at March 31, 2006 and is a member of the FDIC. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010807/CMALOGOSOURCE: Comerica Bank
CONTACT: Kathleen A. Pitton of Comerica Bank, +1-313-222-4916
Web site: http://www.comerica.com/
http://www.comerica.com/newsalerts
