Quontic Bank Review 2025
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At a glance
Overview
Quontic Bank is an online bank known for strong rates on its savings, money market account, certificates of (CDs) and interest-bearing checking account. The bank charges few fees, like many online banks, but customer support has limited hours during the week, especially for those on the West Coast, and is not available at all on the weekends.
Highlights:
High APY Low Min BalanceHighlights:
CDs
Checking
Savings
MMA
Customer Experience
Expert Insight
Quontic has one major drawback: restricted customer service hours, especially when compared to other online banks. As a West Coast resident, I'd find it hard to take care of my banking issues during Quontic's hours of 9 a.m. to 6 p.m. Eastern time Monday through Friday. But if those hours aren't a problem for you, then its accounts are well worth looking into.
Yuliya Goldshteyn
Editor, Deposits
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate CD rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Quontic Bank pros and cons
Pros
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Strong rates.
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No monthly fees.
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No overdraft fees.
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Low minimum opening deposits.
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Large fee-free ATMs network.
Cons
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Customer service hours are limited, with no availability on weekends.
Quontic Bank banking products
Quontic Bank High Yield Savings overview
Pros
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Strong APY.
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Low minimum opening deposit.
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No monthly service fee.
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Comes with optional ATM card.
Cons
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No extra savings tools.
Quontic’s savings account is a solid choice — it offers a strong APY (though not the absolute highest available as of the time of writing), no monthly fees and good access to your funds. The only thing it doesn’t have going for it is the lack of additional savings tools that may help you build or start a savings habit, like roundup transfers from debit card transactions or separate savings buckets to help you see your progress toward savings goals.
Rate history for Quontic Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Quontic Bank Certificates of Deposit overview
Pros
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Quontic pays fairly competitive rates on the six CD terms it offers.
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$500 minimum deposit decent (though some banks have no requirement).
Cons
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Early withdrawal penalties are steep compared to competitors.
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No specialty CDs such as bump-up or no-penalty CDs.
Quontic CDs have some of the steepest early withdrawal penalties among the banks that Bankrate reviews. For example, if you close your one-year CD early, you’ll owe all the interest you earned as your early withdrawal penalty. For comparison, other banks might charge you 90 days’ worth of interest. That’s not to say you shouldn’t open a CD here, but you should be really sure you won't need to pull the money out early.
Rate history for Quontic Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Quontic Bank Money Market overview
Pros
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Competitive rate.
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Low $100 minimum opening deposit.
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No monthly fee.
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Debit card and check-writing privileges.
Cons
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No cash deposit option.
Quontic’s money market account consistently makes our best money market accounts list. And that’s because it consistently has one of the highest APYs along with other desirable features: no monthly fee, low minimum deposit and easy access to your cash with a debit card and checks.
Quontic Bank High Interest Checking overview
Pros
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Competitive yield (though there are hoops to jump through to get it).
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No monthly fees.
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No overdraft fees.
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More than 90,000 fee-free ATMs nationwide.
Cons
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No interest if you don’t meet the requirements.
Quontic bank offers a few different checking accounts with unique features, such as a cash rewards account, a checking account that comes with a wearable pay ring to use as a debit card and a high interest checking account, which is the one we rated for this review.
The APY on Quontic’s High Interest checking account is solid and a nice draw if you want to earn interest on all your funds (not just what’s in your savings) but you have to be a frequent debit card user to earn it. If you don’t meet the 10 qualifying transactions of $10 or more per statement cycle requirement, you basically won’t earn interest.
Customer experience
Limited customer service. Customer service is only available by phone from 9 a.m. to 6 p.m. Eastern time Monday through Friday. That’s pretty restrictive compared to other online banks we cover, some of which offer 24/7 customer service. If you choose to bank with Quontic, just be sure that you’ll be able to get your issues resolved during their office hours. The bank also offers a chat function for customer inquiries, but also only during their open hours.
Large ATM network. Quontic Bank earns top marks for its generous ATM network, with more than 90,000 free ATMs nationwide. Many of its fee-free ATMs are located in supermarkets and retailers, such as Target, Walgreens and Kroger.
Mobile app. Quontic’s app offers mobile banking staples, like depositing checks and paying bills and sending money through Zelle, a peer-to-peer payment service. The app has received 4.8 stars in the App Store and 4.6 stars on Google Play.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
