What banking products does Quontic Bank offer?Quontic Bank offers essential, high-yield banking accounts for personal and business use.
- Quontic Bank High Interest Checking account. Offers a high 1.01% APY and no monthly fee. But you’ll need to make at least 10 debit card transactions a month of $10 or more to keep the high APY.
- Quontic Bank High Yield Savings account. Earn 0.55% APY, but you’ll need $100 to open the account.
- Quontic Bank Bitcoin Rewards checking. Earn up to 1.5% back in Bitcoin whenever you sign for a purchase or enter your PIN, but it’s not yet supported in every state.
- Quontic Bank Money Market account. APYs range from 0.4% to 0.3% depending on your account balance.
- Quontic CD. Offers six-month to five-year terms with APYs that range from 0.55% to 1.11%, but you’ll need $500 to open an account.
- Mortgages. Choose between FHA, VA, jumbo, conventional and reverse mortgage loans.
Compare Quontic bank products
Why should I open an account at Quontic Bank?
In addition to standard features like a debit Mastercard and mobile and online banking, Quontic Bank offers:
- High APYs. Quontic Bank accounts offer high APYs ranging from 0.30% to 1.01%.
- Large ATM network. Quontic Bank teamed up with the Allpoint, MoneyPass, SUM and Citibank networks to bring you free access to more than 90,000 ATMs worldwide.
- Daily compound interest. Earn more interest even quicker when your money is compounded daily.
What should I look out for?
Potential drawbacks of Quontic Bank include:
- High opening balances. All accounts require minimum opening deposits of at least $500.
- No business checking accounts. Businesses can open a savings account with Quontic Bank, but there are no checking options.
- Lack of transparency. Although Quontic Bank advertises its checking account at 2.00% APY and its savings account with no monthly fee, you must meet certain requirements to enjoy these perks.
- One branch location. Quontic Bank’s only branch location is in Astoria, New York, making it difficult to chat with someone in person.
Quontic Bank customer serviceQuontic Bank’s customer support representatives are available Monday through Thursday from 8:30 a.m. to 5 p.m. ET and Fridays from 8:30 a.m. to 6 p.m. ET. Get in touch with Quontic Bank by:
- Starting a live chat through its website
- Calling 800-908-6600 to speak with someone on the phone
- Filling out the email request form on its website
- Visiting the branch location in Astoria, New York
Bottom lineQuontic Bank offers some of the highest APYs we’ve seen to date, especially on its checking account. But if you’re looking for a bank with more branch locations or lower minimum opening balances, shop around for other high-yield accounts before you decide.
Frequently asked questions
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Quontic Bank High Yield Savings account review
A savings account with a competitive interest rate and comes with an ATM card.
Quontic Bank Money Market account review
Earn earns up to 0.40% APY depending on the balance you keep.
Quontic Bank High Interest Checking account review
This Quontic Bank checking account has a seriously competitive APY — 25 times the national average.
Quontic Bank Bitcoin Rewards Checking review
Earn 1.5% back in Bitcoin, but only if you live in an approved state.
Quontic Bank CD review
Quontic Bank’s great rates on long-term CDs come with high penalties for early withdrawal.