Quontic Bank Review 2025
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At a glance
Overview
The high-yield savings account, money market account and certificates of (CDs) from Quontic Bank are known for their strong rates and lack of fees. The digital bank also offers a cash-back checking account as well as an interest-bearing checking account that pays a competitive yield, plus a novel checking account that comes with a wearable payment ring that you can tap to pay at enabled terminals.
Highlights:
High APY Low Min BalanceHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Quontic Bank is an online bank headquartered in New York known for paying fairly competitive rates. It offers a range of deposit accounts as well as mortgages. Those looking for in-branch banking will need to look elsewhere, though.
Pros
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Quontic pays competitive rates on deposit products.
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Savings accounts require just $100 to open.
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Customers have access to more than 90,000 fee-free ATMs nationwide.
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Many fees are waived, including overdraft fees and incoming wire transfer fees.
Cons
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Quontic has five loan offices but no bank branches.
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While Quontic’s savings account rate is strong, higher yields can be found elsewhere.
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Customer service hours are limited, with no availability on weekends.
Quontic Bank banking products
Quontic Bank High Yield Savings overview
Pros
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A $100 deposit is all that is needed to open a High Yield Savings account.
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There’s no monthly service fee.
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The APY is well above the national average.
Cons
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No way to add cash to the account.
Rate history for Quontic Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Quontic Bank Certificates of Deposit overview
Pros
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Quontic pays fairly competitive rates on the six CD terms it offers.
Cons
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Some banks have lower minimum deposit requirements.
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Quontic Bank’s early withdrawal penalties are higher than those of some other banks.
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Quontic doesn’t offer any specialty CDs such as bump-up or no-penalty CDs.
Rate history for Quontic Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Quontic Bank Money Market overview
Pros
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Only $100 is required to open an account.
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The account earns a competitive rate.
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There is no monthly fee.
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Account holders get a free debit card along with check-writing privileges.
Cons
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No cash deposit option.
Quontic Bank High Interest Checking overview
Pros
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The High Interest Checking Account, true to its name, earns a competitive yield (though there are hoops to jump through to get it).
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Widespread ATM access.
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No monthly fees or overdraft fees.
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Access to more than 90,000 fee-free ATMs nationwide.
Cons
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Relatively high minimum opening deposit of $100; other banks have lower requirements.
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Not making 10 qualifying transactions of $10 or more per statement cycle means you won’t earn the high interest rate the account is named for.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | None |
| Non-sufficient funds fee | None |
| Monthly maintenance fee | None |
| Out-of-network ATM fee | None |
| Excessive transaction fee | None |
Customer experience
Large ATM network. Quontic Bank earns top marks for its generous ATM network, with more than 90,000 free ATMs nationwide. Many of its fee-free ATMs are located in supermarkets and retailers, such as Target, Walgreens and Kroger.
Mobile app. Quontic’s app offers mobile banking staples, like depositing checks and paying bills. The app has received 4.8 stars in the App Store and 4.6 stars on Google Play.
Contactless payments. If you open the bank’s Wearable Checking account, you can order a wearable payment ring in addition to a debit card, if you’re interested in making contactless payments.
Limited customer service. Customer service is only available by phone from hours are 9 a.m. to 6 p.m. Eastern time Monday through Friday. The bank’s website also features a chat function for customer inquiries.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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