Quontic Rate Sheet

This disclosure contains information about terms and interest rates for some of the accounts we offer.  

Note. In this disclosure, the Annual Percentage Yield is abbreviated as “APY”. If this disclosure was given to you in connection with an inquiry, the Interest Rate(s) and APY(s) shown are accurate as of
September 21, 2021
For any questions, call us at (800) 908-6600.

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
5 Years
1.11%
1.11%
$500.00
3 Years
1.00%
1.00%
$500.00
2 Years
0.75%
0.75%
$500.00
1 Year
0.60%
0.60%
$500.00
6 Months
0.55%
0.55%
$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.

HIGH INTEREST CHECKING ACCOUNT

CONDITIONAL TIERED VARIABLE RATE INFORMATION. The interest rate and Annual Percentage Yield are 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. 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%.

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%
Any balance
No
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.

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.