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Savings Overview

Save, earn, & grow

With a Quontic online savings account, your hard-earned funds are doing the work for you. From a High Yield Savings account to a Money Market account or even a CD, exceed your financial goals with leading interest rates to get you there. Also, we don’t charge monthly service fees or overdraft fees, so your savings can go further.

High Yield Savings

Earn 4.50% Annual Percentage Yield1

Interest is compounded daily and credited to your account every month. Minimum opening deposit: $100. No monthly service fees.

Money Market

Earn 5.00% Annual Percentage Yield2
Find financial flexibility with our hybrid Money Market Account. Enjoy high yields across all balance tiers, no monthly fees, and checking account benefits including a free debit card. Minimum opening deposit of $100 required.

Certificate of Deposit

Earn up to 4.95% Annual Percentage Yield with a Certificate of Deposit.3

With a Quontic CD, save now to reap the rewards later. Lock in a leading rate with our 6 month, 12 month, 36 month, or 60 month options, and leave the rest to us.

Frequently Asked Questions

Yes! However, if you’re taking money out of your Quontic Money Market or High Yield Savings account, you may make no more than six pre-authorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle. You will be contacted in the event you exceed the transaction limitations and your account may be changed due to a transactional account.

There is a $10 excess transaction fee for every transaction over six for pre-authorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per account statement cycle.

Interest is compounded daily and credited to your account every month.

The interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed.

Our High Yield Savings accounts earns a higher interest rate than our Money Market account and has a $0 monthly fee with no conditional average daily account balance requirement.

As an all-digital, FDIC member bank, we take the charge of our customer’s data and account security very seriously. Learn more about our policies and how we keep you protected in our Bank Security Center.

Disclaimer:

1High Yield Savings Account – $100 to open to account. Rates may change without notice. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. Ask for details. Additional terms, conditions, fees & exclusions may apply. Information is as of August 15, 2024.

2Money Market Account is a tiered variable account wherein 5.00% annual percentage yield applies to all balance tiers, which are identified as $0.01–$4.999.99, $5,000.00–$149,999.99 and balances over $149,999.99. Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. Information is as of August 15, 2024.

3Certificate of Deposit. Minimum $500 to open account. Withdrawals before the maturity date are subject to penalties. Fees could reduce earnings. Additional terms, conditions, fees & exclusions may apply. Annual Percentage Yield (APY) and information is accurate and effective as of September 20, 2024. Subject to change without notice.