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finder.com’s rating: 4.6 / 5.0
★★★★★
The Quontic Bank Money Market lets you write checks and earn 3.5% APY, the same as other money market accounts.
3.50%
APY
$0
Fee
$100
Minimum deposit to open
Annual percentage yield (APY) | 3.50% |
---|---|
Fee | $0 |
Minimum deposit to open | $100 |
Minimum balance to earn interest | $0 |
Interest compounding | Daily |
Monthly transaction limit | 6 |
More info | Go to site |
Review by
Kimberly Ellis is a personal finance 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.
Like most money market accounts, Quontic Bank Money Market account comes with ATM and debit card access while earning one of the highest interest rates we’ve seen for any savings account.
If you request a debit card, you can spend directly from this account, ideal if you’re using the money market account for a savings goal like home improvements. Yet its high APY makes it a top-notch account for earning interest too.
However, you’ll need at least $100 to open the account. Quontic Bank also keeps its customer service to normal business hours, so you may have to wait if a question pops up after hours.
To sign up for a Quontic Bank Money Market account, you’ll need to be a US citizen that’s at least 18 years old.
Have the following information on hand when applying for a new account.
A Quontic Bank Money Market account has several attractive features, although you can find more benefits with Quontic Bankf accounts. Its perks include:
The Quontic Bank Money Market compounds your savings interest daily, which means that you get the most earnings on your savings as possible. Other accounts compound the interest monthly.
Get an idea of what you could earn when you park your savings in this account.
APY | Amount in savings | Interest earned in 12 months |
---|---|---|
3.5% | $1,000 | $30.0 |
3.5% | $5,000 | $150.02 |
3.5% | $10,000 | $300.05 |
Like most money market savings accounts, you’re limited to six monthly withdrawals, and you need some money on hand to open the account. Also, look out for these disadvantages:
See how this account compares to other savings accounts by comparing monthly fees, APYs and minimum opening deposits.
Access the cash in your Money Market account in several ways.
You’ll need to fund your account through transfers or mobile deposits, rather than in-person banking.
Your Quontic Bank Money Market comes with debit card and ATM access, along with a few other ways to access your money.
Get access to your cash from:
If you use an out-of-network ATM, Quontic Bank won’t charge a non-network fee but the ATM owner might.
Get support for your Quontic Bank Money Market account by:
★★★★★ — 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.