Quontic Bank:
Certificate of Deposit - 4.25% APY
• The minimum deposit is $500.
• There is a 10-day grace period during which the principal can be withdrawn without penalty or renew your CD with the same term.
• Early withdrawal penalty equals six months of interest.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 4.25% |
| Term Length | 6 Month |
| Minimum deposit amount | $500.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | Six Months of Interest |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | $35.00 |
| Incoming Wires | $10.00 |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| November 21, 2024 | 4.25% |
| October 16, 2024 | 4.60% |
| August 24, 2024 | 5.10% |
| August 20, 2023 | 5.05% |
Customer Reviews for Quontic Bank
JuanVelasco
March 17, 2023 |
STAY AWAY !
They closed my accounts with no warning.
After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. Not sure why. They won't say why. It was a legit payroll check.They actually accepted the other 2 checks. Same exact payroll company, same everything.
But get this. Instead of reaching out, or rejecting the deposit, they simply closed all my accounts and cutoff all access to my funds. I can't even look at my account info online. No warning.
And even after many calls back ad forward, they now understand it's not my fault and that there was no intention to defraud. Yet they are still closing my accounts and refusing to even let me look at balances, etc...
They are sending me a check (yes, really) for the balance of my accounts. Will not tell me how much.
This is absolutely insane.
DO NOT DO BUSINESS WITH THEM.
YOU WILL REGRET IT.
Is this review helpful? Yes:0 / No: 0
Jason Turnable
February 15, 2021 |
Borrowing in USD and lending in BTC, what could possibly go wrong??? (You are the lender in USD).
Is this review helpful? Yes:0 / No: 0
Eli
February 12, 2021 |
I opened a CD last summer and received well below the contracted rate due to their delay, not mine. I discovered it months later and had no recourse. I am bombarded with ads and other promotions. i have even received phone calls from India that I believe originate from opening this account. I feel like the victim of a phishing operation.
Is this review helpful? Yes:1 / No: 1
AKG
February 10, 2021 |
Bitcoin is a mugs game and since this bank is all about bitcoin, I think it might be too!
Is this review helpful? Yes:0 / No: 0
Carl P.
February 2, 2021 |
Opened up a savings account and my rate is double what I had with my last account. Sign up was super easy so so far so good with Quontic!
Is this review helpful? Yes:1 / No: 0
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