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Amerant Bank Review

Updated April 14, 2025
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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 Deposit
3.6
Rating: 3.6 stars out of 5
Bankrate Score
Info Icon

CDs

Rating: 3.3 stars out of 5
3.3 /5

Checking

Rating: 4.5 stars out of 5
4.5 /5

Savings

Rating: 3 stars out of 5
3.0 /5

MMA

Rating: 2.4 stars out of 5
2.4 /5
Sponsored offers
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Savings Account
4.00
%
APY
APY
Info Icon
As of 6/18/2025
Rating: 4.6 stars out of 5
$5,000
Min. balance for APY
View offer Arrow Right Icon
Promoted offer:
Bank logo
Member FDIC
Savings Account
3.65
%
APY
APY
Info Icon
As of 6/18/2025
Rating: 4.2 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: Backed by the financial expertise of Goldman Sachs.
Bank logo
Member FDIC
CD
4.20
%
APY
APY
Info Icon
As of 6/18/2025
Rating: 4.9 stars out of 5
$500
Minimum deposit
View offer Arrow Right Icon
Promoted offer:

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

  • Checkmark Icon

    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.

  • Checkmark Icon

    The app is available on Apple Watches.

Cons

  • Some products and promotions are limited to those in Florida.

  • Higher rates on banking products can be found elsewhere.

Amerant Bank banking products

Amerant Bank savings overview

3.0
/5
Rating: 3 stars out of 5

Pros

  • Checkmark Icon

    Only $50 is needed to open the account.

Cons

  • Higher APYs are available elsewhere.

  • A balance of at least $25,000 is needed to obtain the highest APY.

Rate history for Amerant Bank's Savings account

Amerant Bank
APY
APY
Info Icon
National average APY
How do we get this data?
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Amerant Bank CD overview

3.3
/5
Rating: 3.3 stars out of 5

Pros

  • Checkmark Icon

    Yields on CDs are above national averages.

  • Checkmark Icon

    A wide range of terms are available to Florida residents.

Cons

  • There are no specialty CDs available, such as no-penalty or step-up CDs.

  • There’s a high minimum deposit of $10,000 to open a CD.

  • Some of the terms aren’t offered to residents outside of Florida.

  • The promotional CD APY is only available for balances of $10,000 to $250,000 per account.

Amerant Bank money market overview

2.4
/5
Rating: 2.4 stars out of 5

Pros

  • Checkmark Icon

    The Relationship Money Market Account has a complimentary starter kit of checks.

  • Checkmark Icon

    The minimum deposit requirement to open an account is low.

Cons

  • The Money Market account offers tiered rates that are not competitive.

  • A high balance is required in order to avoid the Money Market account monthly service fee.

Amerant Bank checking overview

4.5
/5
Rating: 4.5 stars out of 5

Pros

  • Checkmark Icon

    Free access to ATMs though the Allpoint network and to Presto ATMs at Publix Super Markets.

  • Checkmark Icon

    Access to Zelle, Samsung Pay, Apple Pay and Google Pay

Cons

  • 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.

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Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

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.