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Online banks can offer competitive interest rates on savings deposits and checking account perks. Even better, you don’t have to pay service fees or keep a high account balance. Quontic Bank offers several exciting savings and checking products to maximize your savings potential.

quontic bank review

Quontic Bank Review: What is Quontic Bank?

Quontic Bank is an online-only bank that launched in 2009. It offers FDIC-insured checking and savings accounts that can earn competitive rates on interest-bearing products. The checking accounts have exciting rewards programs and access to over 90,000 surcharge-free ATMs.

Its banking products include:

  • High Yield Savings
  • Money Market Account
  • Certificate of Deposits (CDs)
  • High-Interest Checking
  • Cash Rewards Checking
  • Bitcoin Rewards Checking

The minimum initial deposit is $100 for most accounts although the bank CD and Bitcoin Rewards Checking is $500.

Along with deposit accounts, customers can apply for home loans through Quontic.

Quontic Bank Review: Quontic Bank Savings Accounts

Quontic currently offers three different types of savings accounts that can earn one of today’s best interest rates and no monthly service fees.

High Yield Savings

The Quontic Bank High Yield Savings Account has a $100 initial deposit and currently earns 4.50% APY on the entire account balance.

Like all online-only high-yield savings products, you’re limited to six monthly withdrawals. As a result, it’s best for saving money you won’t need for the monthly bills and can afford to squirrel away to earn an interest rate that’s 11 times higher than the national average.

Money Market Account

A Quontic Bank Money Market Account can also earn a competitive interest rate while providing easier access to your funds with an optional debit card. This account currently earns 5.00% APY and has a $100 minimum initial deposit.

While it can be easier to use this account for paying for expenses with a debit card, you’re limited to six monthly withdrawals.

Bank CDs

Quontic Bank Certificate of Deposits can earn more interest than a savings or money market account if you can afford to set aside a portion of savings for a fixed term. The minimum deposit per CD is $500, and there are several different terms available:

  • 3 Month CD: 5.50%
  • 6 Month CD: 5.05%
  • 12 Month CD: 4.50%
  • 24 Month CD: 4.50%
  • 36 Month CD: 4.40%
  • 60 Month CD: 4.30%

These are competitive CD rates that can help you earn more interest while saving for short-term and long-term goals.

Quontic Bank Review: Quontic Bank Checking Accounts

It’s possible to make Quontic your primary bank for paying the bills and receiving employer paychecks in addition to earning competitive rates on savings. Depending on your spending account needs, you can either earn interest or debit card rewards.

Some of the shared benefits between each account option include:

  • Over 90,000 fee-free ATMs
  • No monthly fees
  • No overdraft fees
  • Automatic bill pay
  • Mobile check deposit
  • Quontic Pay Ring access

High-Interest Checking

Consider the Quontic Bank High Interest Checking account if you want to earn up to 1.10% interest on your deposits. You will need to make at least 10 debit card transactions and each with a minimum $10 purchase amount to earn the accelerated interest rate.

Failing to make the minimum number of qualifying transactions results in only earning 0.01% APY  for that statement cycle.

The minimum opening deposit is $100.

Related: The Best Checking Account Bonuses

Cash Rewards Checking

The information for the Cash Rewards Checking has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

The Cash Rewards Checking account is an enticing option as you earn 1.00% cash back on qualifying debit card purchases (up to $50 back per statement cycle).

There are no hoops to jump through to earn rewards as Quontic automatically tracks your purchase rewards. Next, your cash back deposits into your account at the start of each new statement cycle.

You may consider this account to stretch your spending power and earn a higher interest rate on your surplus cash by depositing it in a High Yield Savings or Money Market Account.

Consider This: If you have good or excellent credit, you can earn more cash back or travel rewards with one of the best rewards credit cards. These cards may provide additional perks that can help you save money on travel and more robust purchase protection.

Bitcoin Rewards Checking

The information for the Quontic Bitcoin Rewards Checking has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

If you prefer a Bitcoin rewards debit card, look no further than the Quontic Bitcoin Rewards Checking account. Your debit card purchases earn 1.5% back in Bitcoin in an NYDIG account, and the minimum initial deposit is $500.

Unfortunately, this account type is unavailable in Hawaii and North Carolina. However, it’s available in the remaining U.S. states with no monthly account fees.

As Bitcoin is a developing payment option, there are several account restrictions and fees:

  • The Bitcoin rewards are not FDIC-insured
  • Your Bitcoin rewards are non-taxable unless sold
  • A 2% transaction fee when redeeming Bitcoin for cash
  • Bitcoin rewards are purchased at 4 pm London time the day after the transaction date

Related: Can You Buy Bitcoin with a Credit Card?

Quontic Bank Pros and Cons

This Quontic Bank review wouldn’t be complete without looking at the pros and cons. Here are the positives and negatives when banking with Quontic.


  • Earn a competitive interest rate on savings
  • Many checking and savings account types
  • No monthly fees
  • Low minimum initial deposits (as low as $100 usually)


  • No physical branch access
  • No live customer support on the weekends
  • Bitcoin Rewards Checking account isn’t available in certain states
  • No sign-up bonuses


Is Quontic Bank safe?

The various Quontic Bank savings and checking products are eligible for up to $250,000 in FDIC Insurance. A notable exception is the Bitcoin rewards earned from qualifying debit card purchases.

Where are the Quontic Bank fee-free ATMs?

AllPoint, MoneyPass, Sum, and Citibank ATMs in participating retail locations (i.e., Kroger, Speedway, etc.) are surcharge-free. Altogether, there are over 90,000 in-network ATMs within the United States, but a $2.75 standard fee applies to non-Quontic international ATMs.

What is the Quontic Pay Ring?

The Quontic Pay Ring is a payment wearable that can be worn on a finger and stores your Quontic Debit Card details. It can be used for tap-to-pay transactions instead of your debit card. These purchases can earn rewards.

What are the Quontic Bank customer service options?

Phone support and live chat are available from 9 am to 6 pm Eastern, Monday through Friday. Email support is available 24/7, but response times can be slower outside normal business hours.

Who Should Use Quontic Bank?

Quontic Bank is an excellent option for savers wanting to earn one of the nation’s best high-yield savings rates, along with a low $100 initial deposit and no monthly fees.

Unlike some online banks which tend to specialize in either checking or savings access, this platform has impressive options for both. It’s easy to make Quontic your primary online bank for your checking and savings needs.


In conclusion, hopefully, this Quontic Bank review has helped you find something that works for you. You can easily earn one of the best savings account interest rates with a Quontic Bank High yield Savings Account. Plus, its Money Market Account and CD products are worth a look as well. Additionally, their High-Interest Checking and rewards checking accounts can provide some excitement to your spending account without any monthly service fees.

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