Last Updated: 04/18/2025
Quontic Bank Money Market Account
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in Money Market Accounts from Quontic Bank
Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
4.75%(Verified 11/23/2024)
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Minimum Balance to Earn APY
$0
Minimum Opening Deposit
$100
Number of Reviews
Quontic Bank Money Market Account Review
Quontic Bank Money Market Account is offered by Quontic Bank, a bank founded in 2009 and based in New York, NY. Quontic Bank Money Market are available in 50 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.75%, which is much higher than the national average for a money market account.
- No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of Quontic Bank Money Market Account
| Pros | Cons |
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Quontic Bank Money Market Account FAQ
Are money market accounts from Quontic Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). 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 are the interest rates for Quontic Bank Money Market rates?
| Rates | Amount |
| APY | 4.75% |
Quontic Bank Money Market offers an APY of up to 4.75% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0. This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What are the fees for Quontic Bank Money Market Account?
Quontic Bank Money Market Account does not charge a monthly maintenance fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Quontic Bank Money Market?
Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.
What features and perks does Quontic Bank Money Market offer?
This account includes the following features:
- Check images with statement - Reconciiling your account and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - Quontic Bank monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - Quontic Bank Money Market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Quontic Bank Money Market allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (800) 908-6600.
What is the support contact email?
The support contact email for this business credit card is info@quonticbank.com.
How do people rate the customer service and user experience?
Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.
How to open an account with Quontic Bank
- Visit the Quontic Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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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