Is Quontic Bank High Yield Savings the right fit for you?
Last Updated: 05/14/2026
SuperMoney User Recommendation Score +75
Strongly recommended20 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
3.20%(Verified 05/14/2026)
Disclaimer popup with additional information
Minimum Opening Deposit
$100
Minimum Balance to Earn APY
$0
Number of Reviews
Quontic Bank High Yield Savings Review
Quontic Bank High Yield Savings is offered by Quontic Bank, a bank founded in 2009 and based in New York, NY. Quontic Bank Savings are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.20%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
- Soft credit pull. Quontic Bank will not perform a hard credit pull when you open an account.
Quontic Bank Savings Pros & Cons
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Quontic Bank Savings FAQ
Are savings 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.
Does Quontic Bank offer a signup bonus?
Quontic Bank Savings doesn't offer a signup bonus.
What is the minimum initial deposit for Quontic Bank Savings?
The minimum deposit to open a Quontic Bank Savings is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Quontic Bank High Yield Savings offer?
Quontic Bank Savings offers an APY of 3.20% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Quontic Bank Savings charge?
Quontic Bank Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $20 fee.
- Incoming domestic bank transfers come with a $10 fee.
- Outgoing international bank transfers come with a $30 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $10 fee.
- An overdraft on your account will trigger a $35 fee per item.
- Quontic Bank Savings charges $5 every time you request a paper statement.
Does Quontic Bank Savings charge overdraft fees?
Yes, Quontic Bank Savings charges a $35 overdraft fee. Quontic Bank Savings offers overdraft protection at a cost of $35 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Quontic Bank Savings offer?
This savings account includes the following features:
- Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
- Fraud monitoring - Quontic Bank Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Quontic Bank Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
- Soft credit pull - Quontic Bank Savings performs a soft credit pull so you can check whether you qualify without hurting your credit.
Can you set up a direct deposit to Quontic Bank Savings?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Quontic Bank Savings?
The customer support email for Quontic Bank Savings is info@quonticbank.com.
How do people rate the customer service and user experience of Quontic Bank Savings?
Overall, Quontic Bank Savings is strongly recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 Savings
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 +75, or 4.5 on a 5-point rating scale.
+75
-1000+100
No one recommends
Everyone recommends
Quontic Bank High Yield Savings Community Reviews
Would you recommend Quontic Bank High Yield Savings to your friends?
WM
Wendy M.
May 5, 2023
May or may not recommend
It’s a NIGHTMARE. Don’t do it. They’ll hold your money hostage, claiming YOU ARE THE ONE keeping it from being withdrawn……
MP
Mark P.
Feb 3, 2023
May or may not recommend
Quontic Bank has made a name for itself among online banks by offering unique perks, including the option to earn Bitcoin rewards on debit card purchases. It also offers competitive APYs on its savings accounts and CDs.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I´ve recommend Quontic Bank High Yield Savings Savings, Top of the line expertise.
MA
Muhammad A.
Jul 28, 2022
May or may not recommend
I´ve recommend Quontic Bank High Yield Savings Savings, Top of the line expertise.
LM
Louis M.
Mar 2, 2022
May or may not recommend
It is relatively better than most of its options for a medium-salary person like me. It has a high annual yield, no charges, and also, there is no minimum balance to my account.
DB
Donald B.
Oct 7, 2021
May or may not recommend
FAST HONEST NOWONE HAS OFFERED ANY ADVISE EVER WHAT A SUPRISE
I HAVE MILLIONS TO MAKE MILLIONS I NEED YOUR HELP I WILL MAKE YOU RICH
Antonyo H.
Sep 24, 2021
May or may not recommend
Would only recommend if you know exactly what you are doing when it comes to Saving and Savings Account..
ET
El T.
Sep 1, 2021
May or may not recommend
I´ve recommend Quontic Bank High Yield Savings Savings, Top of the line expertise.
EA
Emily A.
Aug 27, 2021
May or may not recommend
Quontic has a great APY, among the highest I found when researching where to open a HYS account. It is so simple and easy to set up an account. Highly recommend checking it out.
Sarah D.
Aug 20, 2021
May or may not recommend
Love how Quontic has no monthly fee and a $0 balance needed with APY percentage.
Michael B.
Jul 20, 2021
May or may not recommend
The business is good but there are quite a bit of fees that went unmentioned early in the process
MB
Michael B.
Jul 15, 2021
May or may not recommend
Many banks express that they do not charge any monthly rates. You can imagine my surprise when I found out Quontic actually didn't charge any extra fees! That was the cherry on top of their excellent customer service and timely financial guidance.
MS
Michelle S.
Jul 7, 2021
May or may not recommend
There are quite a few fees associated with this account but I did like that the APY is higher than your average savings account like Ally. Overall this is a good company to invest your savings.
KH
Keith H.
Jul 4, 2021
May or may not recommend
The rates are pretty good and honestly, I liked watching my money grow over the past couple of months. I also have had good experiences dealing with customer service when my money wouldn't be deposited!
JD
Jeff D.
Jul 3, 2021
May or may not recommend
Quontic offers a high yield savings account that offers no minimum balance and no monthly fees. The current yield is at 0.55% and on their website, they advertise up to a 1.01% annual yield. This is a good yield and offers a good middle ground when considering other investments options like the market and a traditional savings account with no annual yield.
PN
P N.
Jun 25, 2021
May or may not recommend
Instead of having your money sitting without building interest opening up an account with Quontic was the best decision I have made. I enjoy watching my money grow!
ES
Emily S.
Jun 23, 2021
May or may not recommend
Good if you have the money to put in savings. Quontic has a good APY, however, there are fees for wire transfer oversees. I suggest this is a place to put in your savings but can find another place to start your checking account. There is no monthly fee for starting this account but their percentage is a lot higher than other banking organizations.
AW
Aven W.
Jun 21, 2021
May or may not recommend
Quontic Bank is a digital bank that offers competitive rates and other benefits on its checking, savings, money market, and certificate of deposit accounts. Quontic began as a community development bank in New York City and has now expanded its offerings to include online and national services.
Customers who desire high-interest accounts in one spot, conduct most of their banking online and don't require weekend customer service or overdraft protection plans.
SL
Serise L.
Jun 20, 2021
May or may not recommend
Quontic has been around for roughly 12 years, which got my attention when I was looking to sign up. Like most people, hunting for the best savings rates is on my mind lately. I also didn't want to have to park a lot of money in one account. Quontic features a savings rate currently of 0.55% APY with only a minimum deposit of $100. Since this isn't the highest savings ...Show More
OB
Orion B.
Jun 17, 2021
May or may not recommend
Everything here has so much detail that makes everything just a little better. The website has great formatting and makes everything easily accessible. Quontic offers high interest and seems a great place to go for people of all ages for financial services.
Showing 20 of 20 reviews
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