Amerant Bank Review
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At a glance

Overview
Amerant Bank offers deposit products to consumers throughout the country, and it’s also an option for those living in Florida looking for a community bank.
Highlights:
Free Checking Low Fees Low Min DepositHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate CD rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Overall
Amerant Bank offers a full range of online accounts to residents anywhere in the U.S., and the bank also maintains 19 locations in Florida. Plenty of fee-free ATMs are available to checking account customers, and minimum balance requirements are generally low. While rates are higher than national averages, better annual percentage yields (APYs) can be found at other banks.
Pros
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Amerant offers lots of free ATMs to checking account customers, including at the bank’s branches, Publix supermarkets and the more than 55,000 Allpoint ATM locations worldwide.
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The app is available on Apple Watches.
Cons
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Some products and promotions are limited to those in Florida.
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Higher rates on banking products can be found elsewhere.
Amerant Bank banking products
Amerant Bank savings overview
Pros
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Only $50 is needed to open the account.
Cons
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Higher APYs are available elsewhere.
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A balance of at least $25,000 is needed to obtain the highest APY.
Rate history for Amerant Bank's Savings account
Amerant Bank CD overview
Pros
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Yields on CDs are above national averages.
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A wide range of terms are available to Florida residents.
Cons
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There are no specialty CDs available, such as no-penalty or step-up CDs.
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There’s a high minimum deposit of $10,000 to open a CD.
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Some of the terms aren’t offered to residents outside of Florida.
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The promotional CD APY is only available for balances of $10,000 to $250,000 per account.
Amerant Bank money market overview
Pros
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The Relationship Money Market Account has a complimentary starter kit of checks.
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The minimum deposit requirement to open an account is low.
Cons
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The Money Market account offers tiered rates that are not competitive.
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A high balance is required in order to avoid the Money Market account monthly service fee.
Amerant Bank checking overview
Pros
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Free access to ATMs though the Allpoint network and to Presto ATMs at Publix Super Markets.
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Access to Zelle, Samsung Pay, Apple Pay and Google Pay
Cons
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The interest-bearing checking account’s monthly fee is steep, and so are the requirements to waive the fee.
Customer experience
Amerant Bank's mobile banking app receives strong reviews on iOS and mixed reviews on Android, but it’s capable of fundamental tasks, such as depositing a check. The app can also be viewed on the Apple Watch. Customers have access to Zelle as well as mobile payment services Apple Pay, Samsung Pay and Google Pay.
Customer service representatives are available 7 a.m. to 8 p.m. Eastern time, Monday-Friday, and 8 a.m. to 5 p.m. on weekends.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.