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Quontic Bank CDs rates

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Quontic Bank CDs
5.0
★★★★★
Finder score
On Quontic Bank's secure site
1-year APY
4.50%
3-year APY
4.40%
5-year APY
4.30%

Our verdict

High interest rates across all CD terms.

Quontic Bank only offers five CD terms that range from six months to 5 years. Its interest rates on all its CDs are highly competitive, but you’ll pay a hefty penalty if you need to access your cash before your maturity date.

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Overview of Quontic Bank CDs rates

Quontic Bank consistently offers top-of-the-market interest rates on its CD accounts. Your interest is compounded daily, making your money work harder for you. But you’ll need $500 to get started. Although this opening deposit requirement is pretty low for CD accounts, a few banks don’t require any initial deposit.

Here’s what you’ll earn on a Quontic Bank CDs, depending on how long you want to lock away your money

CD TermAPYMinimum deposit
6 months5.05%$500
1 year4.5%$500
2 years4.5%$500
3 years4.4%$500
5 years4.3%$500

More about Quontic Bank’s CDs: Deposits, fees and details

What it isDetailsDoes it matter
Minimum deposit$500A $500 opening deposit is average for CDs, although some banks offer $0 minimum deposits.
Term range6 months to 5 yearsQuontic Bank offers five common term lengths, but other banks offer as many as 11 term options with CDs as short as 3 months and as high as 7 years.
Grace period10 daysThis is similar to other banks.
Cashout and rolloverYou’ll receive a Maturity Notice at least 30 days before your maturity date. If you don’t call Quontic Bank during the 10-day grace period to cash out to a bank account or request a check, your CD will automatically renew into a new CD.Quontic Bank is comparable to other banks.

Early withdrawal penalties

While it’s free to withdraw your interest, Quontic Bank charges some of the harshest early withdrawal penalties we’ve seen if you withdraw from the principal before your term is up. And if the penalty is more than the interest you’ve accrued, you may lose part of your principal. For example, if you cash out your 6-month or 1-year CD before it matures, part of the fee will come from your initial deposit.

CD TermEarly withdrawal fee
6 months6 months’ worth of interest
1 year1 year’s worth of interest
2 years1 year’s worth of interest
3 years2 year’s worth of interest
5 years2 year’s worth of interest

How Quontic Bank’s CDs and rates compare

Quontic Bank consistently offers top-tier interest rates across all its terms and has a relatively low opening deposit minimum. But its early withdrawal penalties are extremely severe, especially on its shorter CD terms. A CD with Quontic is best for those who are able to open a CD for at least two years or more and have a separate savings account you can pull from in case of emergencies.

Not sure Quontic Bank’s the right choice? See our list of the best CD rates on the market.

Compare Quontic Bank to competitor rates

Narrow down CDs by APY and minimum opening deposit to find the best account for your budget and financial goals. Select Compare for up to four products to see their benefits side by side.

Name Product 6-month APY 1-year APY 5-year APY Minimum deposit to open
Crescent Bank CDs
Finder Rating: 4.8 / 5: ★★★★★
Crescent Bank CDs
N/A
4.85%
3.90%
$1,000
Earn competitive rates up to 4.85% APY (annual percentage yield) on terms ranging from 1 to 5 years. Pay $0 maintenance fees. Member FDIC.
Alliant Credit Union CDs
Finder Rating: 4.8 / 5: ★★★★★
Alliant Credit Union CDs
5.00%
5.15%
4.00%
$1,000
Lock in rates as high as 5.15% APY with a low $1,000 minimum deposit. Compounded monthly. FDIC insured.
Western Alliance Bank 12 months CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Western Alliance Bank 12 months CDs through Raisin
N/A
5.00%
N/A
$1
Get 5% APY on a 12 month CD, and earn an APY that’s higher than the national average. Pay no fees and just a $1 minimum deposit. FDIC insured.
Valley Direct Online CD
Finder Rating: 5 / 5: ★★★★★
Valley Direct Online CD
N/A
4.50%
N/A
$500
Earn 4.50% APY on a 12 month CD. FDIC insured per depositor, per account ownership category.
Quontic Bank CDs
Finder Rating: 5 / 5: ★★★★★
Quontic Bank CDs
5.05%
4.50%
4.30%
$500
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less. Member FDIC.
Ponce Bank CD through Raisin
Finder Rating: 4.9 / 5: ★★★★★
Ponce Bank CD through Raisin
4.00%
N/A
N/A
$1
Snag the highest APYs on the market for the shortest CD terms via Raisin. FDIC insured.
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CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

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