How often can the interest rate change?
We may change the interest rate on your account at any time without notice.
What happens if I don’t meet the qualifying transaction requirements for the APY?
If you do not meet the qualifying transaction requirements, your account will earn interest at the default rate of 0.01% APY.
What are not considered a qualifying transactions?
The following activities are not considered POS Debit card transactions and do not count toward earning interest: Quontic may close the account for any reason including manufactured spending. Transactions may take one or more business days from the date the transaction was made to post and settle to an account.
Are there any requirements to earn the advertised Annual Percentage Yield (APY)?
Earn the current APY on all balance tiers when you make at least 10 qualifying debit card point of sale transactions of $10 or more per statement cycle. Failure to make qualifying transactions will result in 0.01% interest and APY.
How do I qualify for the current APY?
To qualify for the current APY, you need to make at least 10 qualifying debit card point of sale transactions of $10 or more per statement cycle.
Are there any monthly maintenance fees for the High Interest Checking account?
No, there are no monthly maintenance fees to keep your account active. For details on other services and potential fees, please refer to our Schedule of Fees.