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 over 13x higher than the national average.2 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.
Banking with a purpose
With Quontic, you’re more than just an account number. You’re a partner on our mission. As a CDFI, we’re the bank that helps bring the dream of homeownership to low-income families, immigrants, people of color, small business owners, and others who are unable to obtain mortgage financing through traditional lenders. Feel good about who you bank with.
1High Yield Savings Account – $100 to open account. Rates may change without notice. 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. 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. Ask for details. Additional terms, conditions, fees & exclusions may apply. Information is as of August 18, 2022.
2 National Average APY information as of August 18, 2022, according to the FDIC National Rates and Rate Caps.