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Quontic Bank High Yield Savings account review

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Quontic Bank High Yield Savings
Finder score
On Quontic Bank's secure site
Minimum deposit to open

Our verdict

A digital savings account that comes with an ATM card and an impressive interest rate.

The Quontic Bank High Yield Savings account sets itself apart from the crowd with its impressive interest rate.

You’ll earn 4.5% APY without worrying about meeting any balance or deposit requirements. And like most savings accounts, there are no monthly fees. It also includes an optional ATM card that gives you access to over 90,000 no-fee ATMs. This high APY on top of the light opening requirements make this digital savings account among the top performers on the market.

Let's look at $1,000 stored in your account over the course of a year:

$1,000 x 4.5% = $1,045.00

That's a gain of $41 on your investment. The national average APY on savings account is much smaller at 0.46%. Here's what you would get with this APY:

$1,000 x 0.46% = $1,004

This larger APY can really add up, especially as you invest more into your savings account. You will need $100 up front, transferred in from another bank for the initial deposit. But this is small potatoes given the potential value of the savings account: many other accounts require more than $100. If you can swing that meager requirement, you can enjoy this excellent choice for a digital savings account.


  • 4.5% APY, 11x the national
  • $0 monthly fees
  • $0 overdraft fees
  • 90,000+ ATMs nationwide
  • FDIC insured


  • Requires an external account
  • Limited withdrawals
  • Overdraft fee
  • Relatively small deposit

In this guide

  • Our verdict
  • Your reviews
  • Ask an expert's rating: 4.6 / 5.0


The Quontic Bank High Yield Savings account lets you earn 4.5% APY on any balance. But you’ll need at least $100 to open it.

How do I open a Quontic Bank High Yield Savings account?

Quontic Bank claims that you can open an account in less than three minutes. Get started by following these steps.

  1. Select Apply now.
  2. Choose Open an account.
  3. Select Get started under High Yield Savings.
  4. Input your name, email and phone number. If you’re an existing customer, you can sign in to pull up your saved information.
  5. Enter the verification code that was sent to your email.
  6. Answer the questions to confirm your identity.
  7. Fund your account by logging in to your current bank using Plaid or manually entering your bank’s routing and account numbers.


To qualify for a Quontic Bank High Yield Savings account, you should be:

  • At least 18 years old
  • A US citizen

Required information

Have this key information on hand when applying for a new account.

  • Full name
  • Home address
  • Social Security number
  • Date of birth
  • A government-issued ID

2 benefits of a savings account with Quontic Bank?

This free savings account Quontic Bank High Yield Savings comes with these perks:

  1. Strong interest rate. Earn 4.5% APY on any balance, which is compounded daily and has no limit on how much you can earn. This is one of the highest interest rates for savings accounts currently on the market.
  2. ATM card. While most banks don’t offer ATM cards with savings accounts, this High Yield Savings account comes with one that gives you access to 90,000 ATMs. You can lock and unlock your debit card online when you want to prevent yourself from overspending or need extra security, such as for traveling.

4 potential drawbacks to a Quontic Bank savings account

Quontic Bank has relatively few downsides given its value. Your main concern is the overdraft fee, which is a common downside with banks.

  1. Requires an external account. You can only use a bank-to-bank transfer to fund your account for the first time.
  2. Limited withdrawals. Like most savings accounts, you’re limited to six withdrawals per month. You’ll pay a $10 fee for any transactions over the limit.
  3. Overdraft fee. It’ll cost you $35 each time a transaction drops your account below $0.
  4. Relatively small deposit. This account requires a $100 deposit to open, which falls in the middle of the pack when it comes to deposit requirements, with some accounts requiring more and others requiring none.

Compare Quontic Bank High Yield Savings with other savings accounts

See which account features match what you’re looking for, and apply for your account by choosing the Go to site button.

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Earn up to $250 with a qualifying direct deposit, terms apply. This offer is available until December 31, 2023.
American Express® High Yield Savings Account
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Valley Direct High Yield Savings Account
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Valley Direct High Yield Savings Account
Savings app



How do I deposit or withdraw my money?

Quontic Bank offers multiple options to access your funds.


You can fill up your account by:

  • Remote check deposit via its mobile app
  • Account transfers
  • Direct deposit or ACH transfer
  • Wire transfers


Take money out of your savings in one of four ways.

  • ATM withdrawals
  • Bill pay
  • Account transfers
  • Wire transfers

Quontic Bank‘s ATM network

Quontic Bank partners with four ATM networks to offer 90,000 surcharge-free ATMs. You can withdraw cash from:

  • AllPoint Network
  • MoneyPass Network
  • SUM program
  • Citi ATMs located in Target, Walgreens, CVS, Kroger, Speedway, Safeway, Winn Dixie and Circle K.
Quontic Bank doesn’t charge a fee for using an out-of-network ATM, although the ATM owner may.

How to contact Quontic Bank about my savings account?

Speak to a representative about your account by:

  • Chatting with a customer service representative weekdays 9 a.m. to 5:30 p.m. ET.
  • Calling 800-908-6600 weekdays 9 a.m. to 5:30 p.m. ET.
  • Emailing

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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