Available nationwide, you can earn 3.85% APY when you open a new Quontic Bank High Yield Savings account.
Update 12/23/24: The rate has decreased to 3.85% APY from 4.00%.
Quontic’s savings account gets high grades for its high rate annual percentage yield, no monthly fee and low minimum opening requirement of $100.
Interest gets compounded daily and credited monthly. Opening an account takes as little as three minutes.
I’ll review the Quontic Bank High Yield Savings account below.
About Quontic Bank
Established in 2005, Quontic Bank is the 48th largest bank headquartered in New York state (708th largest bank in the nation).
Quontic Bank is a digital bank with a strong lineup of rates and other features on its checking, savings, money market accounts and certificates of deposit.
The Savings account is best for Customers who want high-interest accounts in one place, do their banking online and don’t need weekend customer support.
Balance Requirement | APY Rate |
$0.01 | 3.85% APY |
Quontic Bank High Yield Savings Rate
- Account Type: High Yield Savings
- Availability: Nationwide
- Minimum Balance: $0.01
- Maximum Balance: None listed
- Credit Inquiry: Soft Pull
- Opening Deposit: $100
- Monthly Fee: There are no monthly service fees
- Early Termination Fee: None
(FDIC Insured)
If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle.
Quontic Bank ACH Capabilities & Limits
ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
Push | ? | $2000 | $10,000 | None |
Pull | ? | $2000 | $10,000 | None |
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Receive Quontic Bank Rate
- Open a High Yield Savings account from Quontic Bank with minimum deposit of $100.
- Input your info: Provide your name, address, phone, email & social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
Why You Should Sign Up For This Account
- Earn 3.85% APY with a Quontic High Yield Savings Account
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
- Open an account online in just 3 minutes
- Interest is compounded daily and credited to your account every month
Limit of 6 withdrawals per statement cycle
APY means Annual Percentage Yield
Bottom Line
If you are browsing around for a savings account with a competitive APY rate, learn more about Quontic Bank’s High Yield Savings Account as a good candidate.
Interested in more options? See our list of the best interest earning accounts and our list of the latest Quontic Bank promotions.
Leave a Reply