How can I view the maturity date of my CD via my Online Banking Platform?
You can view your CD maturity date by signing onto your Online Banking Platform. Navigate to your account and click on Account Details.
When is interest accrued on my CD account posted?
Interest on your CD is typically posted either at the end of the month or on the 10th of each month. You can view your accrued interest through Quontic’s Online Banking platform.
How is my interest calculated?
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.
What if the Annual Percentage Yield changes before my CD matures?
Your CD rate will be unaffected and remain the same. When you open a CD with Quontic, you are locked into that rate at the time of the application for the CD’s entire term length.
What rate will be applied to my CD?
Your CD account will be opened at the Annual Percentage Yield (APY) that was effective on the day you submitted your application for approval.
How often can the Annual Percentage rate change?
We may change the advertised Annual Percentage Yield rate any time without notice.