What is a Certificate of Deposit (CD) account?
A CD is a savings account with a fixed interest rate and a set term. You agree to leave your money in the account for that period—typically a few months to several years—in exchange for a higher return than a regular savings account. CDs offer a secure, predictable way to grow your savings.
How can I add additional funds to a Certificate of Deposit (CD)?
Once a CD is opened, you can’t add funds during its term. However, when the CD matures, you’ll have a 10-day grace period to add funds before it renews. During that time, you can:
Is there a maximum amount I can deposit into a Certificate of Deposit (CD)?
The maximum deposit to open a CD is $1,000,000.
What is the minimum opening balance for a CD?
The minimum deposit required to open a CD is $500.
What types of CDs does Quontic Bank offer?
Quontic offers a variety of Certificate of Deposit accounts. To learn more about the different terms and options, please visit our https://www.quontic.com/banking/savings/certificates-of-deposit/