Compound Interest Calculator
Savings Account from Quontic Bank with 3.20% APY and $0 minimum deposit
Use or Change These Amounts and Rates
The product Savings Account from Quontic Bank with 3.20% APY and $0 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $27,405. The interest earned would be $7,405 and the tax amount on the interest earned would be approximately $2,221.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Quontic Bank
Savings Boost of
$4,854 over 10 years
$4,854 over 10 years
Cash Savings
$20,000
Average Interest Earned
$330
Quontic Bank Interest Earned
$5,183
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,093 | 47 | 33 |
| 4 | 20,140 | 47 | 33 |
| 5 | 20,187 | 47 | 33 |
| 6 | 20,234 | 47 | 33 |
| 7 | 20,281 | 47 | 33 |
| 8 | 20,328 | 47 | 33 |
| 9 | 20,376 | 47 | 33 |
| 10 | 20,423 | 48 | 33 |
| TOTAL: | $471 | $330 |
Quontic Bank Scenario
| Rate: 3.20% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 640 | 448 |
| 2 | 20,640 | 660 | 462 |
| 3 | 21,300 | 682 | 477 |
| 4 | 21,982 | 703 | 492 |
| 5 | 22,686 | 726 | 508 |
| 6 | 23,411 | 749 | 524 |
| 7 | 24,161 | 773 | 541 |
| 8 | 24,934 | 798 | 559 |
| 9 | 25,732 | 823 | 576 |
| 10 | 26,555 | 850 | 595 |
| TOTAL: | $7,405 | $5,183 |
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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
Recent Rate Changes
| Date | APY |
|---|---|
| June 3, 2026 | 3.20% |
| April 22, 2026 | 3.35% |
| April 8, 2026 | 3.50% |
| March 20, 2026 | 3.50% |
| January 5, 2026 | 3.50% |
| December 23, 2025 | 3.75% |
| September 25, 2025 | 3.75% |
| January 4, 2025 | 3.85% |
| November 21, 2024 | 4.00% |
| November 18, 2024 | 4.25% |
| November 24, 2023 | 4.50% |
| August 20, 2023 | 4.25% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Take your savings to the next level with our 12-month online CD special! 12-Month |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.45% on October 1. |
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|
|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.35% on October 1. |
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|
|
4.80% |
$10,000 |
Learn More | |
|
Last change: ↑0.30% on October 1. |
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|
|
4.65% |
$1,000 |
Learn More | |
|
Last change: ↑0.35% on September 25. |
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Customer Reviews for Quontic Bank
1.5 out of 5 based on 11 ratings
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:1 / 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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