Find the latest Quontic Bank CD Rates, Offers, and Promotions here. Quontic Bank can offer a wide array of products, services, and now a CD rate earning up to 4.45% APY.
Best CD Rates: 1-year (4.25% APY), 2-year (4.15% APY), 3-year (4.30% APY), 5-year (4.45% APY), $500 min deposit.
Availability: Nationwide, Internet bank
Credit Inquiry: Soft Pull
Table of Contents
About Quontic Bank
Quontic Bank is headquartered in Astoria, New York, and was founded in 2005. Since then they now have 2 locations, offer money market rates that are 5X the national average, and have an A health rating.
They have a wide array of products to meet your individual needs and are proud to be a financial institution that can serve all your financial needs, and care about how those needs are met.
| Term | APY Rate | Minimum Deposit |
| 6-Month | 3.50% | $500 |
| 1-Year | 4.25% | $500 |
| 2-Year | 4.15% | $500 |
| 3-Year | 4.30% | $500 |
| 5-Year | 4.45% | $500 |
*The above rates are accurate as of 12/27/2022*
Quontic Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the length of a term, the higher APY rate you make.
With a low minimum deposit of $500, you can invest in a Quontic Bank CD account to maximize your earnings. If you’re interested in making a higher rate than a traditional savings account, make sure to check out Quontic CD rates .
- Minimum deposit: $500
- Maximum deposit: No Limit
- Early withdrawal penalty:
- For CDs up to 12 months, the penalty will be equal to the interest for the full length of the stated term.
- For CDs 12 months to under 24 months, the penalty equals one year interest.
- For CDs 24 months and over, the penalty equals two years interest.
- If the accrued interest exceeds the penalty amount, the excess accrued interest over the penalty amount will be paid to you. If the accrued interest is less than the penalty amount, a reduction of the principal balance may result.
(FDIC Insured)
What To Know about Quontic Bank CD
- You can fund your Quontic CD from an external account through ACH or Plaid’s technology. Funds from an existing Quontic Bank account can also be used to open a CD.
- Your account may be closed if a CD is not funded within 30 days of opening.
- Maturing funds will be distributed via cashier’s check or can be transferred to another Quontic Bank account such as checking or savings.
- There is a 10-day grace period (beginning the days after the CD matures) before the CD will automatically renew.
- Up to five beneficiaries can be named and Social Security numbers are required.
- CDs can be opened for a trust, but a certificated copy of the entire trust document is required.
Quontic Bank CD Features
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the FDIC up to the maximum allowed by law
Bottom Line
Quontic Bank can offer you various CD terms from 6 to 36 months. Make sure to take advantage of their current CD rates. You will be able to fully take control of your funds through their products and services and also maximize your saving potential.
This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
This is a great opportunity to invest in a high-interest CD from Quontic Bank. However, you may want to compare them with our best CD Rates. Check back often for the latest Quontic Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions, and thrifts. Bank, thrift, and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
23 July 2019 the CD Rates published by your article all incorrect including promotional rates also invalidating your listings by APY and/or Terms.