Our Highest CD Rate

5 Years

1.11%

Annual Percentage Yield

Lock In &
Save More.

Earn up to 1.11% Annual Percentage Yield (APY) with a Quontic Certificate of Deposit. Minimum of $500 required to open. Withdrawals before the maturity date are subject to penalties. Open your account in 3 minutes or less!
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Our Highest CD Rate

5 Years

1.11%

Annual Percentage Yield

Quontic Offers CD’s With A Variety Of Terms

6 MONTHS

0.55%

Annual Percentage Yield

1 YEAR

0.60%

Annual Percentage Yield

2 YEARS

0.75%

Annual Percentage Yield

3 YEARS

1.00%

Annual Percentage Yield

6 MONTHS

0.55%

Annual Percentage Yield

1 YEAR

0.60%

Annual Percentage Yield

2 YEARS

0.75%

Annual Percentage Yield

3 YEARS

1.00%

Annual Percentage Yield

5 YEARS

1.11%

Annual Percentage Yield

Bankrate rating: 4.2
nerdwallet rating: 4.0
smartasset rating: 4.8

Quontic’s CDs shine with top rates across terms from six months to five years, and the opening minimum of $500 is relatively low compared to other online banks.

– NerdWallet.com

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Guaranteed Returns.
Fully Secured.
Higher Rates.

With our highly acclaimed CD accounts, your hard-earned money is safeguarded and guaranteed a strong return. Our rates are more than competitive, they’re trend-setting. Our accounts are FDIC insured1 and protected, so you can rest assured that your investment is in safe hands. And although you may come for the rates, we’re confident you’ll stay for the top-tier service.

Frequently Asked Questions

Our secure account opening process takes less than 3 minutes from start to finish! We ask for a few pieces of information like basic contact info, your social security number, and DOB. You will then be able to fund your account instantly!

To make your initial deposit, you can transfer money from your existing Quontic account, 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.

Interest is compounded daily and credited to your account monthly. Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal and interest that has accrued in the account each day.

You will start earning interest the business day we receive your opening deposit. Interest will be paid once per monthly statement period.

We will send you a Maturity Notice before your CD’s maturity date. There is a 10-day grace period during which you may withdraw principal without penalty or renew your CD with the same term. You may also close your CD and open a new one with a different term. The grace period begins on the day after the CD maturity date and runs for ten days (maturity date plus 10 days). To make changes or close your CD, please call us at 1-866-721-7708 during the 10-day grace period. If you do not contact us by the end of the 10-day grace period (and we do not send you a notice of non-renewal), your CD will automatically renew for another term. The interest rate upon renewal will be set at Quontic Banks then-current rate for similar term CDs. The renewal term will begin (retroactively) on the day after the maturity date of the previous CD term. The principal balance for the renewal term will be the total balance in the CD (principal plus the interest that was not previously withdrawn) on the date the CD account is renewed. Your CD will continue to earn the current interest rate during the 10-day grace period. A confirmation will be sent verifying the renewal terms.

Yes, you will receive a confirmation when your CD automatically renews. The confirmation will be sent out after the 10-day grace period concludes.

The applicable early withdrawal penalties are as follows:

You may not make a partial withdrawal of principal. You cannot withdraw principal from this account prior to the maturity date without our consent. If we consent to the redemption of the certificate of deposit prior to the maturity date, we will close the certificate deposit and impose an early withdrawal penalty. For time deposits up to 12 months, the penalty will be equal to the interest for the full length of the stated term. For time deposits 12 months to under 24 months, the penalty equals one year interest. For time deposits 24 months and over, the penalty equals two years interest. If the accrued interest exceeds the penalty amount, the excess accrued interest over the penalty amount will be paid to you. If the accrued interest is less than the penalty amount, a reduction of the principal balance may result.

No, but you can open another CD at the then-current Quontic Bank rate!
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We Use Our Deposits For Good

With Quontic, you’re more than just an account number. You’re a partner on our mission. We’re the bank for the innovators, the groundbreakers and the underdogs who define their own financial story. We use the deposits from our award-winning and highly rated accounts to bring the dream of homeownership to low-income families, immigrants, people of color, small business owners, and others who are unable to obtain home mortgage financing through traditional mortgage channels. Join us – open a Quontic checking account today.

Disclaimer:

Ask for or 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. In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply. There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply.

Online Account Opening is only available to consumers. Ask for details. Data connection required to open an account online. Wireless carrier fees may apply. Application is subject to approval & further review. Information is accurate as of the date listed below and may change without notice.

1FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law. Learn more at FDIC: Deposit Insurance.

June 10, 2021