Quontic Bank: Savings, CDs, & Checking accounts | finder.com

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Compare Quontic Bank banking products: Savings, Checking, and CDs

Offers high APYs across all products, but watch out for the fine print.

Quontic Bank
Quontic Bank is a digital bank offering high-yield checking and savings accounts and free access to more than 90,000 ATMs. But watch out for high opening deposits, conditional APYs and minimum account balances.

What banking products does Quontic Bank offer?

Quontic Bank offers essential, high-yield banking accounts for personal and business use.

Personal banking

  • Quontic High Interest Checking account. Offers a high 1.01% APY and no monthly fee. But you’ll need to make at least 15 debit card transactions a month to keep the high APY.
  • Quontic High Yield Savings account. Earn 0.55% APY, but you’ll need $100 to open the account.
  • Quontic Money Market account. APYs range from 0.30% to 0.40% depending on your account balance.
  • Quontic CD. Offers six-month to three-year terms with APYs that range from 0.6% to 0.75%, but you’ll need $500 to open an account.

Other products

  • Mortgages. Choose between FHA, VA, jumbo, conventional and reverse mortgage loans.

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.

Compare Quontic Bank to the competition

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 3.8 / 5: ★★★★★
Aspiration Spend & Save Account
Up to 1.00%
$10
55,000 free in-network ATMs
$0
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
Citibank® Account Package
Citibank® Account Package
0.50%
$0
No access to ATMs
$2.50
Earn a $300 bonus after opening new eligible checking and savings accounts and completing required activities.
HSBC Premier Checking
Finder Rating: 2.7 / 5: ★★★★★
HSBC Premier Checking
0.01%
$1
Free to use at all ATMs in the US
$0
Get a 3% cash bonus in the first six months (up to $600) or $450 welcome bonus when you open your account with qualifying activities. Must open HSBC Premier checking account through offer page by June 30, 2021, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
N/A
$0
38,000 fee-free ATMs nationwide
$2.50
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Axos Bank Essential Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Essential Checking
N/A
$0
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
OnJuno
Finder Rating: 4.8 / 5: ★★★★★
OnJuno
Up to 2.15%
$0
more than 85,000 ATMs nationwide
$0
OnJuno embraces an open banking system for everyone, regardless of their age, location, or income.
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Quontic Bank customer service

Quontic 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 line

Quontic 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

More guides on Finder

  • Quontic Bank CD review

    Quontic Bank’s great rates on long-term CDs, come with high penalties for early withdrawal.

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