Last Updated: 04/18/2025
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CIT Bank Money Market Account
Strongly recommended8 reviews
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
4.75%(Verified 11/23/2024)
Disclaimer popup with additional information
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 #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?
| 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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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.
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
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
-1000+100
No one recommends
Everyone recommends
Quontic Bank Money Market Account Community Reviews
Would you recommend Quontic Bank Money Market Account to your friends?
Collins T.
Nov 15, 2023
May or may not recommend
Quontic Money Market Account stands out as a high-yield, fee-friendly option that provides the flexibility of a checking account and the interest-earning potential of a savings account. While the absence of physical branches and deposit-taking ATMs may present some limitations, the account's competitive APY and accessibility make it a compelling choice for individuals seeking to optimize their savings.
VJ
Victoria J.
Apr 29, 2022
May or may not recommend
The Quontic Money Market account offers a competitive APY. You only need to deposit $100 to open an account. This is great if you don't want to deposit a large amount just to test out the account and customer service. I am glad I made the small deposit and eventually ended up depositing $10,000 into the account. I have also recommended 2 friends who have signed up for their service ...Show More
Jeff M.
Apr 7, 2022
May or may not recommend
Quontic is a great way to store your bread. It will become more than was you put in. The customer service is on point. Their site and app were put together very nicely. I would definitely recommend them. They have ATMs nationwide. Zero monthly fees, provided you stay within a few guidelines.
IG
Ian G.
Feb 22, 2022
May or may not recommend
This is a good account because it doesn't have a minimum balance to get the higher yield. It has only $100 minimum account opening balance and the rates are a bit higher than the average bank. It's a good way to get started saving money.
JO
Jomiloju O.
Jan 10, 2022
May or may not recommend
Even though I didn’t earn a bonus when I signed up for the account, this does not take away the fact that the account is one of the best in the country. What fascinates me the most about the account is how my money increased habitually over time.
OA
Omolola A.
Jan 5, 2022
May or may not recommend
The Quontic Bank Money Market Account would have been the best money market account I’ve ever used if not for the $100 minimum opening deposit. For me, the minimum opening deposit is too much when a lot of competitive banks are offering little to no opening balance. Nevertheless, the money market account is still one of the best considering the high annual percentage yield.
Showing 6 of 6 reviews
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