CD Accounts
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Last Updated: 05/14/2026
SuperMoney User Recommendation Score +81
Strongly recommended27 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
2.75% - 3.60%(Verified 04/30/2026)
Disclaimer popup with additional information
Minimum Opening Deposit
$500
Certificate Term
- 6 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
Number of Reviews
Quontic Bank CD Review
Quontic Bank CD are offered by Quontic Bank, a bank founded in 2009 and based in New York, NY. Quontic Bank CD are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Quontic Bank CD only offers traditional CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.60%, 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
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Quontic Bank CD FAQ
Are CD from Quontic Bank federally insured?
Yes, your Quontic Bank CDs 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 if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does Quontic Bank offer on its CDs?
Quontic Bank CD offers an APY starting at 2.75% and ranging up to 3.60%. 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:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 3.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 2.75% - 3.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 3.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 3.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 2.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 2.75% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Quontic Bank?
Quontic Bank CD require 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 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 term ends.
Quontic Bank charges an early withdrawal fee.
| 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 CD
Hours of Operation
SundayClosedMonday9:00AM - 6:00PMTuesday9:00AM - 6:00PMWednesday9:00AM - 6:00PMThursday9:00AM - 6:00PMFriday9:00AM - 6:00PMSaturdayClosed
Other Services by Quontic Bank
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +81, or 4.6 on a 5-point rating scale.
+81
-1000+100
No one recommends
Everyone recommends
Quontic Bank CD Community Reviews
Would you recommend Quontic Bank CD to your friends?
AM
Arshad M.
Jan 20, 2023
May or may not recommend
it was a good experience in working with them but the process time was a bit high. otherwise it is a good bank to work with
Free L.
Nov 14, 2022
May or may not recommend
Quontic does not charge overdraft or non-sufficient funds fees. Some banks charge up to $35 for each transaction that may put your balance in the red. If you approve a transaction that overdraws your account, you will be responsible for putting your account in the positive. I have only good experiences with them
CS
Celeste S.
Nov 10, 2022
May or may not recommend
I would recommend Quontic Bank CD CD Accounts because they are promoting their highest CD rate of 5 years for 3.95% APY. I like that there are a variety of terms available to new members including 6 months, 1 year, 2 years, 3 years, and 5 years with an increase in APY value with each increase. Opening an account takes only 3 minutes or less. Quontic has received many ...Show More
Hollie B.
Aug 19, 2022
May or may not recommend
This is an easy to understand platform and it has a great low cost to get started.
Shaina M.
Aug 12, 2022
May or may not recommend
e thing I do appreciate is the minimum deposit is lower than most but still offers about the same interest opportunity so that was a win win .
AS
Alaina S.
Jun 3, 2022
May or may not recommend
This is a lovely bank. It makes it very easy to save money and earn interest as well. With very good customer service as well, I would definitely recommend this bank.
IT
Irfan T.
Apr 28, 2022
May or may not recommend
A great way to save your hard earned money and get returns in terms of interest. A best option for people who don't want their money to lose value with time and keep earning by allowing the company to invest for them.
YB
Yusra B.
Apr 14, 2022
May or may not recommend
This bank offers and compensates its customers with many benefits. There is no surprise overdraft fees and the PV of this company is growing.
AW
Ajoke W.
Mar 30, 2022
May or may not recommend
They have a good customer experience and they do heavy lifting and give low interest rates.
Yasin Z.
Mar 26, 2022
May or may not recommend
This bank has great services and excellent customer service and best of all offers a high profit rate without any risk
CB
Christina B.
Mar 8, 2022
May or may not recommend
their banking services are digital & accessible for all. everyone gets free high yield interests.
LM
Louis M.
Mar 2, 2022
May or may not recommend
Apart from a wide range of certification terms, I liked Quontic due to the low deposit I started with and am still making progress as I learn to be more financially disciplined.
SS
Shelly S.
Jan 14, 2022
May or may not recommend
I have great experience with them, you need only $500 as opening deposit. They have great customer service, always ready to help.it is FDIC insured . strongly recommend that.
Des' M.
Jan 13, 2022
May or may not recommend
A CD is a certification of deposit. Quontic offers high annual percentage yield of 1.20% in 5 years, but you can start small with 0.55% for 6 months. They make it easy and quick to register in only 3 minutes.
ET
El T.
Aug 25, 2021
May or may not recommend
The staff is always so friendly and helpful. I have never had a bad experience there.
Andrew H.
Aug 12, 2021
May or may not recommend
There are other companies in the same space with similar products. I'd shop around to find the best fit.
A P.
Jul 22, 2021
May or may not recommend
Quontic Bank offered a way for me to start small, save some money and make a little extra in the process. Great customer service and simple start up. I will continue to recommend.
Michael B.
Jul 20, 2021
May or may not recommend
While the incentives are certainly present, I unfortunately was dismayed by the $500 minimum deposit fee and that there is not a no-penalty CD option.
OM
Okera M.
Jul 16, 2021
May or may not recommend
Quontic Bank is ok, I would not recommend it to most people because u must have $150,000 in account before you can have the best rate.
FC
Florencia C.
Jul 15, 2021
May or may not recommend
Quontic Bank CD is great if you are looking to keep your money safe and make some profits out of it. The costumer service was great and I feel completely satisfied with the transaction. I would definitely recommend this bank.
Showing 20 of 27 reviews
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