Amerant Bank offers a handful of CDs. They are available to savers in all 50 states, although rates and products differ slightly for Florida and Texas residents. If you live in either of those states, you can open a CD in a banking center or online. If you live elsewhere, you can open a CD only online.
Early withdrawal penalties apply. For example, for residents of states besides Texas and Florida, the penalty is equal to 180 days’ interest on the amount withdrawn, based on the simple interest rate tied to the account.
Interest is compounded monthly.
Customers don’t have access to any special CDs.
Minimum deposit to open a CD is steeper.