Quontic Rate Sheet
This disclosure contains information about terms and interest rates for some of the accounts we offer.
CERTIFICATES OF DEPOSIT (CD)
(CD) Term |
Interest Rate |
APY |
Minimum Balance |
|---|---|---|---|
12 months |
1.49% |
1.50% |
$1,000.00 |
24 months |
1.59% |
1.60% |
$1,000.00 |
36 months |
1.74% |
1.76% |
$1,000.00 |
48 months |
1.78% |
1.80% |
$1,000.00 |
60 months |
1.78% |
1.80% |
$1,000.00 |
DISCLAIMER. Withdrawals before the maturity date are subject to penalties.
MONEY MARKET ACCOUNT
Minimum Daily Balance to Obtain APY |
Interest Rate |
APY |
|---|---|---|
Balances through $4,999.99 |
1.39% |
1.40% |
$5,000.00 - $149,999.99 |
1.49% |
1.50% |
Balances over $150,000+ |
1.59% |
1.60% |
MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account. No minimum daily balance required and no maintenance fee. You must maintain a minimum balance stated above in the account each day to obtain the disclosed annual percentage yield. You will earn interest every day during the period that your account equals or exceeds the minimum daily balance requirement.
TRANSACTION LIMITATIONS. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle. You will be contacted in the event you exceeded the transaction limitations and your account may be changed to a transactional account. 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.
HIGH INTEREST CHECKING ACCOUNT
Conditions |
Conditions Not Met |
Conditions Met |
Minimum Opening Balance Requirement |
$500 |
$500 |
Minimum Daily Balance Requirement |
$0.01 - $1,000,000.01 |
$0.01 - $1,000,000.01 |
Qualifying Activity Requirements |
|
|
Interest Rate |
0.01% |
1.98% |
APY |
0.01% |
2.00% |
The above 1.98% interest rate and 2.00% APY is based on fulfilling the following minimum qualifying activity requirements per statement cycle:
(1) a daily balance less than or equal to $1,000,000.01, and (2) 15 qualifying Point of Sale debit card transactions. If any of the qualifying activity requirements are not met, the account will earn 0.01% APY and interest rate.
HIGH YIELD SAVINGS ACCOUNT
Minimum Daily Balance to Obtain APY |
Interest Rate |
APY |
|---|---|---|
Balances through $999,999.99 |
1.64% |
1.65% |
TRANSACTION LIMITATIONS. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle. You will be contacted in the event you exceeded the transaction limitations and your account may be changed to a transactional account. 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.
Quontic Rate Sheet
This disclosure contains information about terms and interest rates for some of the accounts we offer.
CERTIFICATES OF DEPOSIT (CD)
RATE INFORMATION. The fixed term duration, interest rate and annual percentage yield on this account is as follows:
(CD) Term | Interest Rate | APY | Minimum Balance |
|---|---|---|---|
3 Years | 0.75% | 0.75% | $500.00 |
2 Years | 0.70% | 0.70% | $500.00 |
1 Year | 0.65% | 0.65% | $500.00 |
6 Months | 0.60% | 0.60% | $500.00 |
MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
DISCLAIMER. Withdrawals before the maturity date are subject to penalties.
MONEY MARKET ACCOUNT
TIERED VARIABLE RATE INFORMATION. The interest rate and annual percentage yield on this account is as follows:
Minimum Daily Balance to Obtain APY | Interest Rate | APY |
|---|---|---|
Balances through $4,999.99 | 0.30% | 0.30% |
$5,000.00 – $149,999.99 | 0.35% | 0.35% |
Balances over $150,000.00+ | 0.40% | 0.40% |
MINIMUM BALANCE REQUIREMENTS. You must deposit $100.00 to open this account. No minimum daily balance required and no maintenance fee. You must maintain a minimum balance stated above in the account each day to obtain the disclosed annual percentage yield. You will earn interest every day during the period that your account equals or exceeds the minimum daily balance requirement.
TRANSACTION LIMITATIONS. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle. You will be contacted in the event you exceeded the transaction limitations and your account may be changed to a transactional account. 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.
CDL CHECKING ACCOUNT
VARIABLE RATE INFORMATION. The required account balance, activity, interest rate and annual percentage yield on this account are as follows:
Conditions | Conditions Not Met | Conditions Met |
|---|---|---|
Minimum Opening Balance Requirement | $500.00 | $500.00 |
Minimum Daily Balance Requirement | $0.01 – $1,000,000.01 | $0.01 – $1,000,000.01 |
Qualifying Activity Requirements Minimum Number of Qualifying Point of Sale (POS) Debit Card Transactions Per Statement Cycle | 0 | 15 |
Interest Rate | 0.01% | 1.00% |
APY | 0.01% | 1.01% |
The above 1.98% interest rate and 2.00% APY is based on fulfilling the following minimum qualifying activity requirements per statement cycle:
(1) a daily balance less than or equal to $1,000,000.01, and (2) 15 qualifying Point of Sale debit card transactions. If any of the qualifying activity requirements are not met, the account will earn 0.01% APY and interest rate.
MINIMUM BALANCE REQUIREMENTS. You must deposit $500.00 to open this account. No minimum daily balance required and no maintenance fee.
HIGH INTEREST CHECKING ACCOUNT
VARIABLE RATE INFORMATION. The required account balance, activity, interest rate and annual percentage yield on this account are as follows:
Conditions | Conditions Not Met | Conditions Met |
|---|---|---|
Minimum Opening Balance Requirement | $100.00 | $100.00 |
Minimum Daily Balance Requirement | $0.01 – $1,000,000.01 | $0.01 – $1,000,000.01 |
Qualifying Activity Requirements Minimum Number of Qualifying Point of Sale (POS) Debit Card Transactions Per Statement Cycle | 0 | 15 |
Interest Rate | 0.01% | 1.00% |
APY | 0.01% | 1.01% |
The above 1.00% interest rate and 1.01% APY is based on fulfilling the following minimum qualifying activity requirements per statement cycle:
(1) a daily balance less than or equal to $1,000,000.01, and (2) 15 qualifying Point of Sale debit card transactions. If any of the qualifying activity requirements are not met, the account will earn 0.01% APY and interest rate.
MINIMUM BALANCE REQUIREMENTS. You must deposit $100.00 to open this account. No minimum daily balance required and no maintenance fee.
HIGH YIELD SAVINGS ACCOUNT
TIERED VARIABLE RATE INFORMATION. The interest rate and annual percentage yield on this account is as follows:
Minimum Daily Balance to Obtain APY | Interest Rate | APY |
|---|---|---|
Balances through $999,999.99 | 0.55% | 0.55% |
MINIMUM BALANCE REQUIREMENTS. You must deposit $100.00 to open this account. No minimum balance fee will be imposed. You must maintain a minimum daily balance stated above in the account each day to obtain the disclosed annual percentage yield. You will earn interest every day during the period that your account equals or exceeds the minimum daily balance requirement.
TRANSACTION LIMITATIONS. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle. You will be contacted in the event you exceeded the transaction limitations and your account may be changed to a transactional account. 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.
DRAWBRIDGE SAVINGS ACCOUNT
TIERED VARIABLE RATE INFORMATION. The interest rate and annual percentage yield on this account is as follows:
Minimum Daily Balance to Obtain APY | Interest Rate | APY |
|---|---|---|
Balances through $250,000 | 0.50% | 0.50% |
Balances over $250,000.00 | 0.01% | 0.01% |
MINIMUM BALANCE REQUIREMENTS. You must deposit $100.00 to open this account. No minimum daily balance required and no maintenance fee. You must maintain a minimum balance stated for the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. Please refer to our separate rate sheet for the current tiers, interest rate and annual percentage yield information.
TRANSACTION LIMITATIONS. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle. You will be contacted in the event you exceeded the transaction limitations and your account may be changed to a transactional account. 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.
QUONTIC MAX MONEY MARKET
Balance Information | Interest Rate | APY |
|---|---|---|
Balances through $1,000,000.00 | 0.3000% | 0.30% |
Balances over $1,000,000.00 | 0.2500% | 0.25% |
