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Quontic Bank CD
in CD Accounts from Quontic Bank · fdic
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Quontic Bank CD

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in CD Accounts from Quontic Bank · Member FDIC
SuperMoney Net Recommendation Score +78  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +78, equating to 4.6 on a 5 point rating scale.

+78

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

18 users recommend
5 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Minimum Opening Deposit $500
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
APY (Annual Percentage Yield) 1.15% - 2.20%
(Verified 07/25/2022)
Number of Reviews 23

Quontic Bank CD Review

Quontic Bank CD is offered by Quontic Bank, a bank founded in 2009 and based in New York, NY. Quontic Bank CD is available in 50 states (and Washington, DC).

Key Takeaways
  • Only one CD account type available. Quontic Bank CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 2.20%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Quontic Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Quontic Bank CD
Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Quontic Bank CD FAQ

Are cd accounts from Quontic Bank federally insured?

Yes, your Quontic Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57807). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Quontic Bank offer?

Quontic Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Quontic Bank offer on its CDs?

Quontic Bank CD offers an APY starting at 1.15% and ranging up to 2.20%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.

What terms does Quontic Bank CD offer?

Quontic Bank offers CD terms of the following lengths:
Quontic Bank CD Rates & Terms
Description
APY (Annual Percentage Yield) 1.15% - 2.20%
6-Month APY 1.15%
12-Month APY 1.76%
2-Year APY 1.95%
3-Year APY 2.05%
5-Year APY 2.20%

What is the minimum deposit to open a CD account with Quontic Bank?

Quontic Bank CD requires a minimum deposit of $500 to open an account.

What is the grace period for Quontic Bank CD?

Quontic Bank CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Quontic Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Quontic Bank does not charge an early withdrawal fee.

Quontic Bank CD Fees
Description
Annual Fee $0
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Quontic Bank

Guaranteed Returns, Fully Secured, Higher Rates. With our highly acclaimed CD accounts, your hard-earned money is safeguarded and guaranteed a strong return. Our rates are more than competitive, they’re trend-setting. Our accounts are FDIC insured1 and protected, so you can rest assured that your investment is in safe hands. And although you may come for the rates, we’re confident you’ll stay for the top-tier service. Open your account in 3 minutes or less!

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 6:00pm
  • Tuesday 9:00am - 6:00pm
  • Wednesday 9:00am - 6:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday Closed

Other Services by Quontic Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Annual Fee $0
Minimum Opening Deposit $500
APY (Annual Percentage Yield) 1.15% - 2.20%
(Verified 07/25/2022)
6-Month APY 1.15%
12-Month APY 1.76%
2-Year APY 1.95%
3-Year APY 2.05%
5-Year APY 2.20%
CD Accounts Traditional
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years

Quontic Bank CD Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +78, equating to 4.6 on a 5 point rating scale.

+78

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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