Quorum Federal Credit Union Review 2026
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At a glance
Overview
Quorum Federal Credit Union is a great option for consumers who want fee-free access to thousands of ATMs, in-person banking and modern bank technologies.
Highlights:
Digital Leader Free CheckingHighlights:
CDs
Checking
Savings
Customer Experience
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.
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 = 4.6/5
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 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 = 4.6/5
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.
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.
Bankrate staff insight
"Overall, Quorum is working well so far for my purposes, which is having an easy-to-use HYSA that offers a relatively high APY,” said a Bankrate staff member with a Quorum account. “I feel like this account would be most useful for people who want the customer service of a credit union, but don’t need all the bells and whistles while doing online banking that larger financial institutions might offer. I used both the app and desktop site pretty easily. I especially liked that there was a budgeting feature, but it was far more bare-bones than what my main bank, Chase, offers."
Quorum Federal Credit Union pros and cons
Pros
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It offers above-average yields on its savings accounts and CDs.
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Checking account holders have access to more than 90,000 free ATMs.
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Accounts work with Apple Pay, Google Pay and Samsung Pay.
Cons
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Overdraft fees are higher than average.
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Customer service representatives aren’t available by phone on the weekends.
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Higher yields for some deposit accounts can be found elsewhere.
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Quorum Federal Credit Union banking products
Quorum FCU HighQ Savings account
Pros
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There’s no minimum balance requirement to earn the top APY.
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The account doesn’t charge a fee for customers enrolled in e-statements.
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The HighQ Savings account offers a robust yield.
Cons
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Top-notch yields can be found elsewhere.
Quorum’s HighQ Savings account doesn't require a minimum balance and pays an annual percentage yield (APY) that’s well above the national average — though you can still find some higher yields elsewhere. The $10 monthly service fee is waived for those who sign up for e-statements.
Quorum also offers a Basic Savings account that pays a small amount of interest and requires a $5 minimum deposit. A Holiday Club savings account and a custodial savings account are also offered.
Rate history for Quorum FCU's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Quorum FCU certificates of deposit
Pros
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The accounts require a low deposit to open.
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Deposits above $100,000 earn higher yields.
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A handful of terms offer highly competitive yields.
Cons
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The credit union doesn’t offer any specialty CDs.
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Early withdrawal penalties are on the steep side.
Members have access to term savings accounts — another name for certificates of deposit (CDs). The bank offers term lengths ranging from 10 months to five years. No specialty term savings accounts are offered, such as a no-penalty account.
All of the CD terms pay APYs that are above the national average. Larger deposits are rewarded with a higher yield, as deposits of $100,000 or more earn an additional 0.10% APY. Quorum’s CDs all require a $100 minimum deposit to open.
Rate history for Quorum FCU'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.
Quorum FCU QClassic Checking account
Pros
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The QClassic account comes with a debit card and offers free access to more than 90,000 ATMs.
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There’s no monthly fee or minimum balance requirements.
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The bank offers early direct deposit and Bill Pay.
Cons
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The overdraft and insufficient funds fees are higher than what some other banks charge.
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Overdraft transfers from a linked checking account also come with a $20 fee.
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There’s a $2 ATM fee — both inside and outside of Quorum’s network — for ATM withdrawals surpassing 10 per month.
Quorum offers three checking accounts: QBoost, QClassic and QFlex. All three are low or no monthly fees, with QBoost and QFlex only charging a monthly fee if you don't enroll in e-statements. Even so, it's easy to find accounts that don't have any monthly fees, especially online.
The QClassic account has access to more than 90,000 ATMs with no minimum balance requirements. All of the bank’s checking accounts offer early direct deposit, which may allow customers to receive a direct deposit up to two or more days earlier than usual.
Customer experience
Customer support. Quorum customer service over the phone is available Monday through Friday from 8:30 a.m. to 7 p.m. ET. No phone support is offered on weekends.
Physical presence. While Quorum doesn’t maintain branches of its own, members who prefer in-person banking can make transactions at more than 5,000 branches of partnering credit unions. Quorum Federal Credit Union also offers members more than 90,000 fee-free ATMs across the country.
Digital experience. Members have access to modern technologies, like Apple Pay, Samsung Pay, Google Pay and Zelle. The credit union’s banking app is highly rated on Google Play and Apple’s App Store.
The above images were last updated on February 21, 2025.
How does Quorum Federal Credit Union compare to other banks?
Compare different account types offered by Quorum Federal Credit Union. Annual percentage yields (APYs) shown were updated between March 25, 2026 and March 31, 2026.
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Selected bank
Quorum Federal Credit Union savings account
Bankrate score
4.4
Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Alliant Credit Union savings account
Bankrate score
4.4
Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between March 25, 2026 and March 31, 2026.
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| 3.40% | 3.01% | |
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Minimum balance for APY
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| $0.00 | $100.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $1,700 | $1,505 | |
| Quorum’s HighQ Savings account doesn't require a minimum balance and pays an annual percentage yield (APY) that’s well above the national average — though you can still find some higher yields elsewhere. The $10 monthly service fee is waived for those who sign up for e-statements. | Alliant Credit Union offers two savings accounts in addition to its CDs. In particular, its High-Rate Savings account offers a solid yield and comes with few fees. You must maintain at least $5 in the account to keep it open, and have an average daily balance of $100 to earn interest. Alliant allows you to open up to 19 “supplemental savings” accounts to save for specific goals. | |
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APY offering:
3.40%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum deposit for APY:
$0.00
5/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Great
5/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
No
0/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
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APY offering:
3.01%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum deposit for APY:
$25.00
4/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Great
5/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
Yes
5/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
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APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The minimum deposit amount a financial institution requires in order to open a savings account.
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
Bankrate does not currently track additional product details for this bank.
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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.
