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Bitcoin Interest Savings

Save for the future… and earn the currency of the future.
Earn 0.75% APY1 in interest on your savings account balance.
All interest credited to your account will be used to purchase Bitcoin. Minimum opening deposit: $500. No monthly service fees.
Limit of 6 transfers and withdrawals per statement cycle.2
Get Started
Member FDIC
Bankrate rating: 4.2 out of 5 stars
nerdwallet rating: 4 out of 5 stars
smartasset rating: 4.8 out of 5 stars

Frequently Asked Questions

You can open a Bitcoin Interest Savings account by securely opening your new account online in about 3 minutes by clicking a “Get Started” or “Open An Account” button on this page.

Interest is compounded daily based on your posted account balance.

Interest is credited to your account every month at the end of your statement cycle. All interest credited into the account will be used to purchase Bitcoin.

To make your initial deposit, you can transfer money from an external account via ACH, or using Plaid’s technology. Please ensure that you have sufficient funds available to be transferred.
Yes, the minimum amount to open a Bitcoin Interest Savings account is $500.

Interest is compounded daily based on your posted account balance. All interest earned by your savings account will be used to purchase Bitcoin on your behalf. Each monthly Bitcoin purchase will be added to your balance in your NYDIG account.

The market value of Bitcoin fluctuates based on various factors, including supply and demand. When you sell bitcoin, the price is based on a reference rate, called the CME CF Bitcoin Reference Rate, as of 4 pm London time.

Eligible savings account and money in your savings account are FDIC insured3, but the bitcoin held by NYDIG, is not FDIC insured.

The interest credited to your Quontic account may be taxable. There may also be a tax liability associated with your sale of bitcoins. You may receive a 1099 from Quontic and NYDIG. Please consult with your tax advisor.

To convert your bitcoin to USD you can either fill out the Bitcoin Rewards Redemption form, found on the Online Banking website, or you can call the customer support line for this product at 1-888-622-5208 for additional information. Any redemption request must request the redemption of ALL the Bitcoin Rewards in your NYDIG Account and must be received by 3:00 p.m.. Eastern Time on a business day. After you request the redemption of all the Bitcoin Rewards in your NYDIG Account, you may not cancel the redemption request at any time.

NYDIG charges a 2% fee to redeem your bitcoin for cash. This will be deducted from the proceeds of the redemption before NYDIG transfers the proceeds to your Bitcoin Interest Savings account with Quontic. Quontic does not charge any additional fees to redeem your bitcoin.

You cannot purchase additional bitcoin from NYDIG related to your Quontic Bitcoin Interest Savings account.
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Crypto Is Complicated... This Account Is Not

Crypto Is Complicated... This Account Is Not

Diversify With Bitcoin Interest Savings

Cryptocurrency has the potential to increase in value over time. The more you save, the more bitcoin you earn.

An Easy Way To Get Into Crypto

No need to be an investment tycoon or mine your own crypto. With the Bitcoin Interest Savings account, earn BTC passively and in the simplest way possible, saving money.

One of The First of Its Kind

Quontic’s bitcoin savings account is bringing an innovative approach to earning interest and bringing the power of crypto to your everyday life.

Get Started

Eligible States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. We will be adding additional states in the future.

What You Get

Fully Mobile & Online Banking

Enjoy the convenience of banking on your terms—whenever you want, anytime you want with our online banking platform and dynamic mobile app. Features like remote check deposit, bill pay, account transfers, the ability to send money through Zelle® and receipt tracking make managing your finances easy.

No Monthly Service Fees

Unexpected fees are never a good thing. We will never surprise you with hidden monthly fees. View the full list of fees that could occur on your account here.

Insured And Secured

Rest easy when you bank with Quontic. All eligible accounts are FDIC insured3 and include advanced security monitoring. You can lock and unlock your debit card online and are fully protected against unauthorized debit card transactions. Note: The bitcoin held by NYDIG is not FDIC insured.

Our CEO, Steve Schnall, On
Bitcoin Interest Savings

With Bitcoin Interest Savings, we aim to make cryptocurrency more accessible to those who otherwise wouldn’t have the opportunity to capitalize on this growing trend. Earning a high yield savings in Bitcoin is unlike anything else in the industry. As the digital bank on a mission, innovation for our customers is what drives us and this account proves just that.

Banking with a purpose

With Quontic, you’re more than just an account number. You’re a partner on our mission. As a CDFI, we’re the bank that helps bring the dream of homeownership to low-income families, immigrants, people of color, small business owners, and others who are unable to obtain mortgage financing through traditional lenders. Feel good about who you bank with.

Bitcoin Insights

Disclaimer:

1Bitcoin Interest Savings is a variable interest savings account, requires a minimum of $500.00 to open the account, and does not require a minimum daily balance to earn interest. Rates may change without notice. Annual Percentage Yield (“APY). Subject to the separate NYDIG Execution LLC (“NYDIG”) Account Requirements and the NYDIG Bitcoin Interest Terms and Conditions (“NYDIG Terms”), on a monthly basis, all interest credited to the account shall be converted to Bitcoin Rewards at the rate described in the NYDIG Terms. Ask for details. Additional terms, conditions, fees & exclusions may apply. 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. Bitcoin execution and custody services are provided by NYDIG. NYDIG is authorized by the New York State Department of Financial Services to engage in virtual currency business activity. To receive bitcoin services an account will be opened with NYDIG in which your bitcoin will be held (the “NYDIG Account”). Please refer to NYDIG’s Terms for more information, including applicable eligibility criteria. Bitcoin balances in your NYDIG Account are not insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other public or private insurer. NYDIG does not make any recommendations regarding buying or selling bitcoin. There are risks associated with bitcoin trading, including possible loss of value. See NYDIG’s Terms.

2There is a $10.00 excess transaction fee for every transaction and withdrawal over the allotted six for preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per account statement cycle.

3FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law. Learn more at FDIC: Deposit Insurance

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

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