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 October 2, 2023
CERTIFICATES OF DEPOSIT (CD)
(CD) Term | Interest Rate | APY | Minimum Balance |
|---|---|---|---|
5 Years | 4.21% | 4.30% | $500.00 |
3 Years | 4.31% | 4.40% | $500.00 |
2 Years | 4.40% | 4.50% | $500.00 |
1 Year | 5.16% | 5.30% | $500.00 |
6 Months | 4.93% | 5.05% | $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
Minimum Daily Balance to Obtain APY | Interest Rate | APY |
|---|---|---|
Balances through $4,999.99 | 4.88% | 5.00% |
$5,000.00 – $149,999.99 | 4.88% | 5.00% |
Balances over $149,999.99 | 4.88% | 5.00% |
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
Account Daily Balance Portion | Qualifying Debit Card Transaction | Interest Rate | APY |
|---|---|---|---|
$0 – $150,000 | Yes | 1.09% | 1.10% |
$150,000.01 – $1,000,000 | Yes | 1.09% | 1.10% |
$1,000,000.01 – and above | Yes | 1.09% | 1.10% |
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
Minimum Daily Balance to Obtain APY | Interest Rate | APY |
|---|---|---|
Balances through $999,999.99 | 4.40% | 4.50% |
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.