Quontic Bank CD
Min. opening deposit
- High interest rate. Quontic Bank offers some of the most impressive interest rates we've seen. Standard CDs range from 0.55% APY on a 6-month CD to a high 1.11% on a 5-year CD.
- Low minimum deposit. While many CDs require a $1,000 minimum deposit, you can open an account with as little as $500.
- Interest compounds daily. Instead of compounding interest monthly, Quontic compounds interest daily, so your money grows faster.
- Limited terms. Quontic CDs only have four term options: six months, one year, two years, three years, and five years.
- Strict early withdrawal penalties. If you take out your money before the term is up, you'll pay hefty penalties. If the penalty is more than your accrued interest, you may end up losing part of your principal.