In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rateįrom a bank in another state, it is worth investigating the account opening policy. Opening one involves taking a trip to the branch although some banks allow CDs to be opened In general, almost all brick-and-mortar banks provide CDs to their consumers. While it is possible to withdraw the money earlier (breaking the CD)ĭoing so comes with high interest penalties and is generally not advised. Leave their money in the account for six months in return for a fixed rate of interest over this period. Amerant Bank offers fixed-rate CDs to residents of all 50 states, but Florida and Texas residents receive the most term options and the best rates. Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. 6 Month Branch Certificates of Deposit 2023