Average APY: 0.06%
Quontic APY: 0.75%
Savings As Easy As 1-2-3...
1. Open An Account
Apply in 3 minutes or less and fund your account with money from an existing Quontic account or another bank.
2. Earn Interest Daily
Accrue an APY that’s 12x higher than the national average.3 Your interest is compounded daily and credited to your account every month.
3. Watch Your Money Grow
Set, reach, and exceed your savings goals. Access and monitor your money 24/7/365 online or via our mobile app.
Frequently Asked Questions
You can securely open your new account online in less than 3 minutes by visiting https://www.quontic.com/high-yield-savings/.
Interest is compounded daily based on your posted account balance.
To make your initial deposit, you can transfer money from your existing Quontic account, you can transfer money from an external account via ACH, or using Plaid’s technology. Please ensure that you have sufficient funds available to be transferred.
What You Get
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, the ability to send money through Zelle® and receipt tracking make managing your finances easy.
Insured And Secured
Rest easy when you bank with Quontic. All eligible accounts are FDIC insured 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.
1Annual Percentage Yield (APY). 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. In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply. There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply.
2 There is a $10.00 excess transaction fee for every transaction and withdrawal over the allotted six for preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per account statement cycle.
3 National Average APY information as of 04/05/2022, according to the FDIC National Rates and Rate Caps.
4FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law. Learn more at FDIC: Deposit Insurance