Earn our top tier rate of 4.75% APY* with a 6-month CD Learn More
An investor considers the rates of CDs with their Personal Savings account.

Certificates of Deposit

Certificate of Deposit accounts with fixed rates and flexible terms.

Amerant’s Certificate of Deposit (CD) accounts guarantee a return on your savings with high-yield fixed rates and flexible terms. Apply online with a minimum of $10,000, and choose from terms of 3 to 60 months.

Take advantage of our 6-Month CD Offer
No monthly service fee. Early withdrawal penalties apply.2, 4

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$10,000
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Certificate of Deposit Benefits

Risk-Free

CDs are FDIC-insured up to $250,000 and come with no market risk.

Flexible Terms

Terms between 3 to 60 months.

Fixed Rates

Guaranteed fixed rate for the length of your term.1

24/7 Banking

Access account info and set up alerts with online and mobile banking.

Fast and Easy

Apply online in minutes with a minimum of $10,000.

FDIC Insured

All Amerant deposit accounts are FDIC insured up to the maximum of $250,000.

Amerant Protection+

Amerant Bank is now offering ICS, the lntraFi Cash Service. Access millions in FDIC insurance at network banks.


View Our Interest Rates
The welcoming lobby interior of an Amerant Banking Center.

Opening a Certificate of Deposit Account

Here’s how you can set up your CD.

1
Step One

Start an online application
2
Step Two

Submit any required documentation
3
Step Three

Get approved and start saving
Apply Now

Find the Right CD

Apply Now

FL Residents

Your FAQs About Certificate of Deposit Accounts

A great savings experience with market-leading rates. A long history that reflects a strong reputation and dedication to client relationships.

Our CDs offer higher fixed interest rates compared to other similar accounts.

A minimum $10,000 balance is required to open a CD.

Yes. Enjoy the flexibility of choosing fixed-term rates ranging from 3 to 60 months.1

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.

Yes. Deposits up to $250,000 are FDIC insured.

We calculate all early withdrawal penalties on the principal amount withdrawn at the interest rate in effect on the account on the withdrawal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.

1 At our discretion, we may change the interest rate and the annual percentage yield on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day.

2 For fees related to this service, review our Schedule of Fees.

4 Early withdrawal penalties apply to CDs. For additional fees related to these accounts, please refer to our Schedule of Fees. Interest begins to accrue on the business day we receive credit for the deposit of noncash items. You may not make deposits into or withdrawals from your account until the maturity date. CDs can have single maturity or automatic renewal at the maturity date. If the automatic renewal feature is selected, you will have 10 calendar days after maturity to withdraw funds without penalty. For additional information and terms related to this account, please refer to the rate chart provided at account opening.

For accounts opened at an Amerant Bank Banking Center location: Annual Percentage Yield (APY) is accurate as of 11/09/2024. To take advantage of this offer, CD must be opened commencing 11/09/2024 with new funds deposited to Amerant Bank. The minimum balance to open an account and obtain the advertised APY is $10,000 up to a maximum of $500,000. Stated APY is valid for Personal and Business account customers. Individual customers must be citizens or resident aliens of the United States (U.S.) with a valid U.S. Taxpayer identification number. Advertised rate is subject to change without notice. Penalties for early withdrawal may be imposed. Fees could reduce earnings on the account. CD will automatically renew for the same CD term at the current rate and APY available at that time.

For accounts opened online: Annual Percentage Yield (APY) is accurate as of 11/09/2024. To take advantage of this offer, CD must be opened commencing 11/09/2024 with new funds deposited to Amerant Bank. The minimum balance to open an account and obtain the advertised APY is $10,000 up to a maximum of $250,000. Stated APY is valid for Personal account customers. Individual customers must be citizens or resident aliens of the United States (U.S.) with a valid U.S. Taxpayer identification number. Advertised rate is subject to change without notice. Penalties for early withdrawal may be imposed. Fees could reduce earnings on the account. CD will automatically renew for the same CD term at the current rate and APY available at that time.

USA PATRIOT Act

To help the government fight the funding of terrorism and money laundering activities, the Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What does this mean for you? When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

Important Notice Regarding Wire Transfers

IF WE DO NOT HAVE YOUR FUNDS TRANSFER AGREEMENT IN OUR FILES, WE WILL NOT BE ABLE TO EXECUTE TRANSFERS.

We value our relationship and it is important for us to safeguard your privacy and ensure that your funds are protected against fraudulent activity at all times. For this reason, we are providing you a link to our Electronic Funds Transfers Disclosure.

Customers who request wire transfers through an Account Officer, should download the new wire transfer “Wire Transfer Form” to authorize this type of transaction. The E-sign Agreement will only need to be signed the first time a wire transfer is initiated.

For fees related to this service, review our Schedule of Fees.

Deposit Agreement

IMPORTANT FUNDS AVAILABILITY INFORMATION

Please review Amerant’s Deposit Agreement brochure.

Important Information Related to the W-8 Form

The IRS implemented different W-8 forms for individuals and entities. For more detailed information regarding the W-8BEN and W-8BEN-E, visit www.irs.gov.

Please complete the form(s) below:

  1. W-8 for Individuals (Personal Accounts W-8BEN)
    In accordance with U.S. Internal Revenue Service – IRS regulations, the Bank is obligated to withhold taxes on U.S. interest to foreign customers unless it has received a properly completed Substitute Form W-8BEN “Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding” from the customer. All Substitute Forms W-8BEN are registered and maintained in the Bank’s files. Please follow the link to the Substitute Form W-8BEN.
  2. Explanation of US Mailing Address. Please follow the link to the Form.
  3. Send all documentation to: documentos@amerantbank.com. Add copy of unexpired government issued ID for every beneficial owner.
Know Your Customer

Managing a successful Know Your Customer (KYC) Program is a requirement of the U.S. banking system. Learn More.