Does Quontic offer a single maturity or non-renewal option?
No, Quontic CDs are set to automatically renew by default. We do not offer a single-term or non-renewal option at account setup.
Does Quontic provide CD Statements?
No, Quontic does not provide CD statements. However, you can view your interest payments and CD activity through our Online Banking Platform.
Can I convert my Certificate of Deposit (CD) to a different term?
Yes, you may convert your CD to a different term once it reaches maturity.
Can I convert my Certificate of Deposit (CD) account to a different account type, such as a checking or savings account?
Account conversions are not supported. If you wish to switch to a different product type, such as a checking or savings account, you will need to open a new account that aligns with your financial needs.
Will I receive a confirmation when my CD automatically renews?
Yes, you will receive a confirmation when your CD automatically renews. The confirmation will be mailed to the address on file when on the maturity date.
What happens when my Certificate of Deposit (CD) matures?
We’ll send you a reminder by mail about 30 days before your CD matures.Once your CD matures, you’ll have a 10-day grace period starting on the date of maturity to: If we don’t receive instructions from you by the end of the grace period, your CD will automatically renew for the same term at the […]