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Quontic Bank High Yield Savings account review

A digital savings account that comes with an ATM card and an impressive interest rate.’s rating: 4.6 / 5.0


The Quontic Bank High Yield Savings account lets you earn 2.05% APY on any balance. But you’ll need at least $100 to open it.

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Minimum deposit to open


Annual percentage yield (APY)2.05%
Minimum deposit to open$100
Minimum balance to earn interest$0
Interest compoundingDaily
Monthly transaction limit6
Fee per transaction over the limit$10
More infoGo to site

Review by

Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

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

You’ll earn 2.05% 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 1.85% = $1,018.50

That’s a gain of $18.50 on your investment. The national average APY on savings account is much smaller at 0.08%. Here’s what you would get with this APY:

$1,000 x 0.08 = $1,000.80

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.

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 2.05% 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.

Name Product Annual Percentage Yield (APY) Fee Minimum deposit to open Interest compounding Offer
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
Up to 5.00%
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
CIT Savings Connect
Finder Rating: 5 / 5: ★★★★★
CIT Savings Connect
Earn an impressive APY on your entire balance. This straightforward online savings account has no monthly service or account opening fees.
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings
Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
Axiom Bank high-yield savings account
Axiom Bank high-yield savings account
UFB Rewards Savings
Finder Rating: 5 / 5: ★★★★★
UFB Rewards Savings
Earn a 2.61% APY with no minimum deposit or balance amount with this no-monthly-fee savings account.

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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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