High Interest Checking

High Interest Checking

EARN UP TO 1.01% APY1

Your income amplified. Earn 1.01% APY on the portion of the daily balances up to $150,000 when you make at least 10 qualifying debit card point of sale transactions of $10 or more per statement cycle. APY earned is based on the portion of the daily balance within the specified tiers. Minimum opening deposit of $100.

Member FDIC Logo
Account Daily Balance Portion
Qualifying Debit Card Transaction
Interest Rate
APY
$0 – $150,000
Yes
1.00%
1.01%
$150,000.01 – $1,000,000
Yes
0.35%
1.01% – 0.45%
$1,000,000.01 – and above
Yes
0.00%
0.45% – 0.00%
If the qualifying activity requirement is NOT fulfilled, the interest rate paid on the entire balance will be 0.01% with an annual percentage yield of 0.01%.
Bankrate 4.2 star rating
nerdwallet rating: 4.0
smartasset rating: 4.8

How It Works

How It Works

1. Open A High Interest Checking Account

Apply online in 3 minutes or less with no impact on your credit score. Fund your new account with a minimum balance of $100.

2. Make the required transaction per statement cycle

Use your debit card to make at least 10 qualifying point of sale transactions of $10 or more.

3. Receive up to 1.01% APY1

Interest is compounded daily and deposited into your account each month based on your account daily balance and satisfying the point of sale eligible transactions requirements per statement cycle.

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!
You can open an account with as little as $100.
Yes, you can spend your money like any other checking account. You will be able to sign up for Online Banking, Mobile Banking and be provided with a Quontic Debit Card.
You won’t have to pay ATM fees when you use your Quontic Debit Card at any participating AllPoint® Network ATMs, MoneyPass® Network ATMs, SUM® program ATMs, or Citibank® ATMs located in Target, Speedway, Walgreens, CVS, Kroger, Safeway, Winn Dixie, and Circle K.

What You Get

90,000+ ATMs Across the Nation

90,000+ ATMs Across the Nation

Surcharge free at any participating AllPoint® Network ATMs, MoneyPass® Network ATMs, SUM® program ATMs, or Citibank® ATMs located in Target®, Speedway®, Walgreens℠, CVS®, Kroger®, Safeway®, Winn Dixie®, and Circle K™.

Fully Mobile & Online Banking

Fully Mobile & Online Banking

Enjoy the convenience of banking on your terms—whenever you want, anytime you want with our online banking platform and dynamic mobile app. Features like remote check deposit, bill pay, account transfers, and receipt tracking make managing your finances easy.

Apple Pay, Google Pay, Samsung Pay, Zelle

No Monthly Service Fees

No Monthly Service Fees

Unexpected fees are never a good thing. We will never surprise you with hidden monthly fees. View the full list of fees that could occur on your account here.

Insured And Secured

Insured And Secured

Rest easy when you bank with Quontic. All accounts are FDIC insured2 and include advanced security monitoring. You can lock and unlock your debit card online and are fully protected against unauthorized debit card transactions.

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:

1High Interest Checking Account is a conditional tiered variable rate account. You must deposit $100.00 to open this account. The conditional interest rate and annual percentage yield is based on (A) fulfilling the minimum qualifying activity requirements per statement cycle, which are (1) a daily balance less than or equal to $1,000,000.00 and (2) 10 qualifying Point of Sale debit card transactions equal to or over $10.00 per transaction, and (B) the portion of the balance within the following specified tiers: (a) If the minimum qualifying activity requirement is fulfilled and your daily balance is $150,000 or less, the interest rate paid on the entire balance will be 1.00% with an annual percentage yield of 1.01%; (b) If the minimum qualifying activity requirement is fulfilled, an interest rate of 0.35% will be paid only for that portion of your daily balance that is greater than $150,000 but not exceeding the amount of $1,000,000.00. The annual percentage yield for this tier will range from 1.01% to 0.45%, depending on the balance in the account; and (c) If the minimum qualifying activity requirement is fulfilled, an interest rate of 0.00% will be paid only for that portion of your daily balance that is greater than $1,000,000.00 The annual percentage yield for this tier will range from 0.45% to 0.00%, depending on the balance in the account. If the qualifying activity requirement is NOT fulfilled, the interest rate paid on the entire balance will be 0.01% with an annual percentage yield of 0.01%. Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. 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. The following activities are not considered qualifying POS debit card transactions and do not count toward earning rewards: ATM- processed transactions; transfers between accounts; purchases made with debit cards not issued by our bank; cash over portions of point-of-sale transactions; Peer-to-Peer (P2P) payments (such as Apple Pay Cash*); loan payments or account funding made with your debit card and purchases made using third-party payment accounts. Transactions may take one or more business days from the date the transaction was made to post and settle to an account. Online Account Opening is only available to consumers. Data connection required to open an account online. Carrier fees may apply. Application is subject to approval. Information is accurate as of September 8, 2021 and may change without notice.

2FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law. Learn more at FDIC: Deposit Insurance

Target is a trademark of Target Brands, Inc. Speedway is a trademark of Speedway LLC. Walgreens is a trademark of Walgreen Co. CVS is a trademark of CVS Pharmacy, Inc. Kroger is a trademark of The Kroger Co. of Michigan. Safeway is a trademark of Safeway Inc. Winn Dixie is a trademark of Winn-Dixie Stores, Inc. Circle K is a trademark of Circle K Stores Inc.

Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. ©2018 Google LLC, used with permission. Google Pay and the Google Pay logo are trademarks of Google LLC.  The Samsung Pay® logo is a registered trademark of Samsung Electronics Co., Ltd. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Mastercard is a registered trademark of Mastercard International Incorporated.