Quontic Bank:
Certificate of Deposit - 4.50% 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• There is a 10-day grace period during which the principal can be withdrawn without penalty or renew your CD with the same term.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 one year of interest.

Fee and Feature Guide

Certificate of Deposit
Interest Rate
APY 4.50%
Term Length 12 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
Early withdrawal penalty One Year of Interest
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $35.00
Incoming Wires $10.00
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
April 8, 2024 4.50%
August 20, 2023 5.30%

Customer Reviews for Quontic Bank

  • March 17, 2023 |


    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.


  • February 15, 2021 |

    Online Savings Rates

    Borrowing in USD and lending in BTC, what could possibly go wrong??? (You are the lender in USD).

  • February 12, 2021 |

    Online Savings Rates

    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.

  • February 10, 2021 |

    Online Savings Rates

    Bitcoin is a mugs game and since this bank is all about bitcoin, I think it might be too!

  • 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!

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