Quontic Bank

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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.

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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 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.

Other products

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

Compare Quontic bank products

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Quontic Bank High Interest Checking
Finder Rating: 4.3 / 5: ★★★★★
Quontic Bank High Interest Checking
1.01% on balances of $0 to $150,000
0.45% on balances of $150,000.01 to $1,000,000
$100
90,000+ surcharge-free ATMs
Quontic Bank High Interest Checking offers a high APY and no monthly fee. But you’ll need to make at least 10 debit card transactions of $10 or more a month to keep the high APY.
Quontic Bank Bitcoin Rewards Checking
Quontic Bank Bitcoin Rewards Checking
N/A
$500
Free at more than 90,000 ATMs worldwide, including all machines in the Allpoint, MoneyPass, SUM and Citibank networks
The Quontic Bitcoin Rewards Checking account comes with a debit card that earns 1.5% back in Bitcoin, but only residents of certain states can apply.
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Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Quontic Bank High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank High Yield Savings
0.55%
$0
$100
Interest is compounded daily. No monthly service fees. Competitive rates
Quontic Bank Money Market
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank Money Market
0.40%
0.35%
0.30%
$0
$100
Competitive rates, no monthly fees, user-friendly online banking platform
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Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
Quontic Bank CD
0.6%
0.75%
1%
1.11%
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less
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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 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

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