Compound Interest Calculator
CD 3-month Account from Amerant Bank, National Association with 1.50% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-month Account from Amerant Bank, National Association with 1.50% APY and $500 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $23,211. The interest earned would be $3,211 and the tax amount on the interest earned would be approximately $963.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Amerant Bank, National Association

Savings Boost of
$1,929 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Amerant Bank, National Association Interest Earned $2,248

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Amerant Bank, National Association Scenario

Rate:
1.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 300 210
2 20,300 305 213
3 20,605 309 216
4 20,914 314 220
5 21,227 318 223
6 21,546 323 226
7 21,869 328 230
8 22,197 333 233
9 22,530 338 237
10 22,868 343 240
TOTAL: $3,211 $2,248

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
August 19, 2023 1.50%
August 17, 2023 1.50%


Featured CD Rates

ONLINE BANKS APY? MIN?

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Customer Reviews for Amerant Bank, Formerly Mercantil Bank


  • August 30, 2023

    CDs 12 Month Rates

    Try to open account on line make you use PLAID to xfer money PLAID doesn't connect with many banks, Cannot do over phone. Discover, Penfed all ok this bank is useless.

    I had acct before still bad. Stay away.

  • January 14, 2021

    Amerant bank in next to impossible to get a hold of. I have called 5 or 6 times in a day and never been able to get someone to answer the phone. Seriously regretting doing business with them......uggh. I wish I could go back in time and go with someone else.


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