Now with 10-Day Rate Guarantee!

If the rate on the promotional CD increases within the first 10 days of opening the account, you’ll get the new rate – automatically.

Compare Amerant Bank to Competitors’ CD Rates

Maximize Your Goals with Amerant’s High-Yield CD

Deposits are FDIC insured

Protected. Up to $250,000.

No checking account required

Simple. Just link your bank account and open your CD.

Simple online application

Convenient. Opening your CD is a quick 4-step process.

Monitor from anywhere

Smart. Check interest earned and account balance anytime, anyplace.

Limited-time offer

Voila! Lock-in today to take advantage of our market-leading rates.

View Our Interest Rates

Frequently Asked Questions About CDs

A great savings experience with market-leading rates. A long history that reflects a strong reputation and dedication to client relationships. As the largest community bank in Florida, and among the top 2% of banks in the nation ranked by asset size, Amerant Bank, N.A. carries some weight.

To open a CD, please visit a nearby branch or apply at the links below.

The minimum opening deposit is $10,000 balance.

We have a $250,000 limit per account up to a total of $500,000 per customer.

Within our application, you can set up an ACH to fund your CD automatically.

We do not charge regular monthly service fees on CDs. There is a minimum opening deposit of $10,000 balance for our CDs, An Early Withdrawal Penalty will apply if you withdraw funds prior to maturity.

Your CD will automatically renew for the same term at the interest rate in effect on the maturity date. You may withdraw the funds without penalty during the 10-day grace period from the maturity date.

You may not make any deposits to your CD during its term. Deposits are allowed only at maturity and during the grace period.

We calculate all early withdrawal penalties on the principal amount withdrawn at the interest rate in effect on the account on the withdrawal
date. The early withdrawal penalty is:

  • For CDs with terms of less than 3 months, all interest earned on the amount withdrawn, at the simple interest rate applicable to the Time Deposit, had the funds remained on deposit until maturity.
  • For CDs with terms of 3 months up to 12 months, the penalty is an amount equal to 90 days interest on the amount withdrawn, at the simple interest rate applicable to the Time Deposit, regardless of whether the funds withdrawn have remained on deposit for more or less than the 90 days;
  • For CDs with terms over 12 months up to 60 months, the penalty is an amount equal to 180 days interest on the amount withdrawn, at the simple interest rate applicable to the Time Deposit, regardless of whether the funds withdrawn have remained on deposit for more or less than the 180 days; and
  • For CDs with terms over 60 months or longer, the penalty is an amount equal to 365 days interest on the amount withdrawn, at the simple interest rate applicable to the Time Deposit, regardless of whether the funds withdrawn have remained on deposit for more or less than the 365 days.

There is an Early Withdrawal Penalty if you withdraw all or a portion of your CD principal prior to maturity, reducing earnings. We calculate all early withdrawal penalties on the principal amount withdrawn at the interest rate in effect on the account on the withdrawal date. The Early Withdrawal Penalty is an amount equal to 180 days of interest on the amount withdrawn, at the simple interest rate applicable to the Time Deposit, regardless of whether the funds withdrawn have remained on deposit for more or less than 180 days. These penalties are waived upon death or legal incompetence of any certificate owner.

The interest is compounded and paid monthly. Interest may be credited within the same CD, another account at Amerant Bank, or to an account at another financial institution.

* FL CD OFFER DISCLOSURE – Promotional CD offer valid for Florida residents: 4.50% Annual Percentage Yield APY for 6-month CD term, 4.25% Annual Percentage Yield APY for 9-month CD term , 4.15% Annual Percentage Yield APY for 12-month CD term and 10-day rate guarantee are valid as of 12/20/2024. Must open an account by 01/30/2024 to get the promotional rate. Minimum $10,000 deposit and balance from external source required to obtain promotional rate. Max deposit $250,000 per account – $500,000 per customer. Account must be opened online or in-branch. Personal account only. Rates subject to change without notice. Early withdrawal penalties may apply. Fees could reduce earnings on the account. Interest compounded and paid monthly. If no action is taken, CD auto-renews at current rates and APY available at that time.