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Quontic Bank Money Market Account

in Money Market Accounts from Quontic Bank · fdic

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Quontic Bank Money Market Account

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in Money Market Accounts from Quontic Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.3% - 0.4%
APY Minimum Balance $0
Minimum Opening Deposit $100

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 Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.4%, 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.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of Quontic Bank Money Market Account
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
Quontic Bank Money Market Account FAQ

Are money market accounts from Quontic Bank federally insured?

Yes, your Quontic Bank money market 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 are the interest rates for Quontic Bank Money Market rates?

Quontic Bank Money Market offers an APY starting at 0.3% and ranging up to 0.4% (APY stands for annual percentage yield, rates may change).

Quontic Bank Money Market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.3% - 0.4%

What are the fees for Quontic Bank Money Market Account?

Quontic Bank Money Market Account does not charge a monthly maintenance fee.

Quontic Bank will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Quontic Bank Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee $5
Excess Transaction Fee $10

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 business card is (800) 908-6600.

What is the support contact email?

The support contact email for this business credit card is info@quonticbank.com.

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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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

APY Minimum Balance $0
Minimum Opening Deposit $100
Monthly Fee $0
NSF Fee $35
Paper Statement Fee $5
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.3% - 0.4%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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