Quontic Bank CD
Min. opening deposit
- High interest rate. Quontic Bank offers a solid 0.6% APY on its most popular one-year CD.
- Low minimum deposit. While most CDs have opening deposits of $1,000 or more, you only need $500 to open.
- Interest compounds daily. Your CD&rsquo
- s interest compounds daily instead of monthly, so your money grows faster.
- Severe early withdrawal penalties. Quontic Bank imposes a heavy penalty if you withdraw your principal before your CD matures. You&rsquo
- ll pay one year&rsquo
- s interest on a one-year CD, with the possibility of losing some of your deposit if the penalty is more than your earned interest.
- No partial withdrawals. You can&rsquo
- t withdraw some of your principal before your CD&rsquo
- s term is up.