Quontic Bank CD Rates Review 2022
- What We Like
- Quontic offers competitive rates on its deposit products.
- You only need to deposit $100 to open a savings account.
- You can access tens of thousands of free ATMs nationwide.
- Apple Pay, Google Pay, Samsung Pay, and Zelle are options for transferring money at Quontic Bank.
- What We Don't Like
Quontic has limited branch access.
Quontic Bank is an innovative bank that began as Golden First Bank, a small troubled bank that Steven Schnall, a real estate investor and developer, purchased.
Quontic’s headquarters are in New York City. It offers certificates of deposit, checking and savings accounts, and a money market account.
In 2020, Quontic Bank made a splash by launching a bitcoin reward checking program. The account is available in most states, but not in every state.
Quontic Bank CD Rates
Quontic Bank Savings Account Rates
GET 0.55% APY¹
Interest is compounded daily and credited to your account every month. Minimum opening deposit: $100. No monthly service fees. Limit of 6 withdrawals per statement cycle.²
Enjoy the convenience of banking on your terms—whenever you want, anytime you want with our online banking platform and dynamic mobile app. Features like remote check deposit, bill pay, account transfers, and receipt tracking make managing your finances easy.
1Annual Percentage Yield (APY). Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply.
There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply.
Quontic Bank Money Market Rates
The Quontic Money Market account offers a competitive APY. You only need to deposit $100 to open an account, but you have to keep a balance of at least $150,000 in order to earn the highest APY¹. Limit of 6 withdrawals per statement cycle². APY earned on the account daily balance.
Less than $5,000 = .30% Money Market Rate
$5,000 to $149,999 = .35%
$150,000 + = .40%
Today's Best CD Rates
| Best 3 Month CD Rates |
| Bethpage Federal Credit Union |
| 0.40% APY |
| $50 Minimum |
| Navy Federal Credit Union |
| 0.40% APY |
| $1000 Minimum |
| TIAA Bank |
| 0.35% APY |
| $1000 Minimum |
| Best 6 Month CD Rates |
| Quontic Bank |
| 0.55% APY |
| $500 Minimum |
| First Internet Bank |
| 0.45% APY |
| $1000 Minimum |
| Limelight Bank |
| 0.45% APY |
| $1000 Minimum |
| Best 9 Month CD Rates |
| Navy Federal Credit Union |
| 0.50% APY |
| $1000 Minimum |
| TIAA Bank |
| 0.45% APY |
| $1000 Minimum |
| TAB Bank |
| 0.40% APY |
| $1000 Minimum |
| Best 1 Year CD Rates |
| Comenity Direct |
| 0.70% APY |
| $1500 Minimum |
| Quontic Bank |
| 0.60% APY |
| $500 Minimum |
| Live Oak Bank |
| 0.60% APY |
| $1000 Minimum |
| Best 2 Year CD Rates |
| Quontic Bank |
| 0.75% APY |
| $500 Minimum |
| Comenity Direct |
| 0.75% APY |
| $1500 Minimum |
| First Internet Bank of Indiana |
| 0.70% APY |
| $1000 Minimum |
| Best 3 Year CD Rates |
| Quontic Bank |
| 1.00% APY |
| $500 Minimum |
| Bank5 Connect |
| 0.85% APY |
| $500 Minimum |
| Pentagon Federal Credit Union |
| 0.85% APY |
| $1000 Minimum |
| Best 4 Year CD Rates |
| VyStar Credit Union |
| 0.90% APY |
| $500 Minimum |
| Suncoast Credit Union |
| 0.85% APY |
| $500 Minimum |
| First Internet Bank of Indiana |
| 0.85% APY |
| $1000 Minimum |
| Best 5 Year CD Rates |
| First Technology Federal Credit Union |
| 1.15% APY |
| $500 Minimum |
| Quontic Bank |
| 1.11% APY |
| $500 Minimum |
| Pentagon Federal Credit Union |
| 1.10% APY |
| $1000 Minimum |
Today's Best Fixed Annuity Rates
| Term | Insurer | Company Review | Rate | Annuity | AM Best | Application |
|---|---|---|---|---|---|---|
| 2 Years | 
| Upstream Life | 5.25% | Secure Legacy | B- | Apply |
| 3 Years |  | Aspida | 5.00% | Synergy Choice | A- | Apply |
| 4 Years |
| Upstream Life | 5.70% | Secure Legacy | B- | Apply |
| 5 Years |  | Farmers Life | 5.40% | Safeguard Plus | B++ | Apply |
| 6 Years | 
| Oceanview | 5.50% ($80K+) 5.15% ($20K-$80K) | Harbourview 6 | A | Apply |
| 7 Years | 
| Ibexis | 5.70% Simple | MYGA Plus | A- | Apply |
| 8 Years | 
| EquiTrust | 5.10% | Certainty Select | B++ | Apply |
| 9 Years | 
| Oxford Life | 5.10% | Harbourview 9 | A | Apply |
| 10 Years |
| Oceanview | 5.40% | Harbourview 10 | A | Apply |
CD vs. Annuity Comparison Table
Fixed annuities work very much like a certificate of deposit (CD). A fixed annuity, or multi-year guaranteed annuity (MYGA), pays a set guaranteed interest rate for the entire initial guarantee period- just like a CD.
For that reason, fixed annuities are often referred to as “CD Type Annuities“.
| FEATURES | FIXED ANNUITY | CD |
|---|---|---|
| Issued By | Insurance Companies | Banks |
| Investment Amount | $2,000 - $1,000,000 | Essentially Any Amount |
| Investment Term | 2 years - 10 years | 3 months - 5 years |
| Interest Rates (APY) | Varies by product. | Varies by bank, term and investment amount. |
| Liquidity | Usually, 10% annually or interest earned. | Almost always accumulated interest. |
| Guarantees | Backed by Insurer & State Guaranty Associations. | Backed by the FDIC. |
| Death Benefit | May avoid probate. | Probate process required. |
Quontic Bank Contact Information
CUSTOMER SERVICE HOURS:
Monday – Friday
9:00am – 6:00pm EST
EMAIL:
info@quonticbank.com
PHONE NUMBERS
CALL:
General Inquiries:
1-800-908-6600
Online & Mobile Banking Support:
1-855-226-5287
Mortgage Loan Servicing:
1-833-756-2671
FAQ
Most frequent questions and answers
What is Quontic Bank's Routing Number?
Quontic Bank’s routing number is 021473030
No, Quontic operates as a national, digital bank which allows them to pass on the overhead cost savings from operating an expensive network of branches on to their customers in the form of lower fees, better rates, or higher rewards.
You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.
Are there any fees?
Fixed Annuities do not have any fees or expenses.
