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Quontic Bank: Earn High Rates on Checking, Savings, Money Markets, CD

Customers earn high-interest rates on checking, savings, CDs and money market accounts.

In this Quontic Bank review, we focus on its high-interest checking, savings, money market and certificate of deposit (CD) accounts. Quontic Bank is a community-focused bank that strives to provide innovative solutions to its customers while also supporting social and environmental causes.

Here’s a look at what Quontic Bank offers along with account details and annual percentage yields (APYs) that are accurate as of June 19, 2023.

Quontic Bank is available in 50 States

Quontic Bank is a bank based in New York, United States. It was established in 2005 and is headquartered in Astoria, Queens. Even though Quontic Bank is primarily an all-digital bank, they have loan offices in some of the communities they serve:

  • Miami, Florida
  • Melville, NY
  • Astoria, NY
  • Flushing, New York
  • Indianapolis, Indiana

Click here to get loan office addresses.

Quontic Bank Routing Number

Quontic Bank’s routing number is 021473030.

Qountic Bank Financial Products

High-Interest Checking Account

The Quontic Bank's High-Interest Checking account pays 1.10% APY, well above the national average for high-interest checking accounts. The Quontic High-Interest Checking account can be opened with a $100 minimum opening deposit and accessed 24 hours a day online or through the mobile app.

You’ll receive a complimentary debit card with EMV chip technology when you open a new checking account. Quontic Bank doesn't charge customers ATM fees when you use your Quontic Debit Card at any participating AllPoint® Network ATMs, MoneyPass® Network ATMs, SUM® program ATMs, or Citibank® ATMs located in Target, Speedway, Walgreens, CVS, Kroger, Safeway, Winn Dixie, and Circle K.

More facts about Quontic Bank High-Interest Checking account:

  • High-Interest Checking: Earn 1.10% APY on all balance tiers when you make at least 10 qualifying debit card point of sale transactions of $10 or more per statement cycle.
  • How to make deposits: Deposits can be made via funds transfer (ACH), mobile deposit via the mobile app, incoming wire (no fee), or by mailing a check.
  • Does Quontic Bank use ChexSystems? Yes. If you've had past banking issues Quontic Bank does use ChexSystems to open new accounts so you might want to consider a bank that does not use ChexSystems.
  • Wire transfers: Free incoming wire transfers.
  • Wearable payment: Quontic Pay Ring gives you easy access to your money without carrying your debit card.
  • Ways to transfer money: Transfer, pay and purchase via mobile with Zelle®, Bill Pay, Samsung Pay and Apple Pay.
  • Does Quontic Bank use Zelle? Yes, Quontic Bank's Zelle limit is $500 per transaction and $1,000 daily.

High-Yield Savings Account

Quontic Bank's High Yield Savings Account is a great option for customers who want to earn a high interest rate on their savings. At the time of writing (June 19, 2023), the account offers an APY of 4.25% APY, which is way higher than the national average for savings accounts. This makes it a great option for customers who want to earn more on their savings without having to take on additional risk.

Another benefit of this account is that it has no monthly maintenance fees or minimum balance requirements. This means that customers can use the account without having to worry about meeting certain criteria or paying extra fees.

The account also comes with a free ATM card, online banking, and mobile banking, which makes it easy for customers to manage their money and access their account from anywhere. Additionally, customers can enjoy free electronic and wire transfers, as well as up to six free withdrawals per month.

More facts about Quontic Bank's High-Yield Savings Account:

  • Interest rate 4.25% APY. Interest is compounded daily based on your posted account balance.
  • Minimum $100 opening deposit.
  • Access to your account 24/7 through the Quontic Bank app or online.
  • Mobile check deposits.

Money Market Account

Tthe Quontic Bank Money Market Account is a good option for those looking for a high-yield savings account with some checking account features. The Quontic Bank Money Market Account pay a 4.75% APY on all balances. Interest is compounded daily and credited monthly.

Facts about Quontic Money Market Account:

  • Earn interest 4.75% APY on all balances.
  • Minimum $100 opening deposit.
  • Access your money easily a Quontic debit card and checks. But if you make more than six pre-authorized transactions in a billing cycle, Quontic may change your account to a regular checking account.
  • No monthly maintenance fees.
  • Deposit checks remotely and make transfers with the Quontic Bank mobile app.

Certificate of Deposits

Quontic Bank offers a range of certificate of deposit (CD) accounts with varying terms and interest rates. Overall, Quontic Bank's CD accounts are a good option for customers who want a safe and predictable way to save money and earn interest.

One of the main benefits of Quontic Bank's CD accounts is the competitive interest rates. At the time of writing (June 19, 2023), the bank offers APYs ranging from 4.30% to 5.05%, depending on the term and deposit amount. This is higher than the national average for CD accounts, which makes it an attractive option for customers looking to maximize their earnings.

Here are the current rates for Quontic’s CDs:









What makes Quontic Online Banking different

One of Quontic Bank's unique features is its focus on serving underserved and non-traditional borrowers, including those who are self-employed, have non-traditional income streams, or have limited credit histories. In addition to traditional credit scoring, the bank uses alternative methods to evaluate creditworthiness, such as cash flow analysis and asset-based lending.

Quontic Bank is also known for its commitment to sustainability and social responsibility. It offers a Green Deposit Account that invests in environmentally-friendly projects, and has a partnership with the National Forest Foundation to plant trees in national forests. The bank also provides financial education and support to underserved communities.

Quontic banking customers have access to an extensive ATM network with more than 90,000 surcharge-free ATMs within its network. Quontic is also the first bank to offer a wearable payment option that can be linked to its High Interest Checking account.

How Quontic Bank could improve

While the Quontic High-Interest Savings and Money Market accounts do not have a monthly maintenance fee, 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.


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Disclaimer: A OneUnited Checking Account is required to apply.

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