High Yield Savings

High Yield Savings

GET 0.55% APY1

Sit back, relax and watch your money grow. Interest is compounded daily and credited to your account every month. Minimum opening deposit: $100. No monthly service fees. Limit of 6 withdrawals per statement cycle.2

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Bankrate rating: 4.2
nerdwallet rating: 4.0
smartasset rating: 4.8
Quontic 0.55% APY and Average 0.05% APY

Savings As Easy As 1-2-3...

Quontic 0.55% APY and Average 0.05% APY

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 15x 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 open a High Yield Savings account by securely opening your new account online in about 3 minutes by clicking a “Get Started” button on this page.

Interest is compounded daily based on your posted account balance.

Interest is credited to your account every month at the end of your statement cycle.

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.

Yes, the minimum amount to open a High Yield Savings account is $100.

What You Get

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.

Pay options: Apply 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 insured4 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 over 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 comparison was made on February 08, 2021 and is based on averaged rates for similar savings products with a minimum balance requirement of $1 for all banks tracked by Informa Financial Intelligence, who relies on the data from the banks it tracks and cannot be guaranteed. Credit unions are not included in the calculation.

4FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law. Learn more at FDIC: Deposit Insurance

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.

December 2, 2021