Quontic Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
High Yield Savings: 3.85% APY(Rank 57 out of 74 tracked HYSAs)
Minimum Deposit: $100 | Online Only
National Savings Interest Rate: 0.42% (as of 5/19/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: Astoria, New York City
Founded: 2009
Access to Branches: None for banking. Loan offices only.
BBB Rating: A+ (Not BBB Accredited)
App Store Rating: 4.8/5
Google Play Rating: 4.6/5
Website: Visit Quontic Bank
Our Take on Quontic Bank
Highlights
- High Yield Savings account offers 3.85% APY with no maintenance fees.
- No minimum balance requirement for the High Yield Savings account.
- Bank has an impressive app rating of 4.8 on the App Store.
- BBB rating is A+ despite not being accredited.
Considerations
- No physical branches; banking is online only.
- Direct deposit is not required but may limit some users.
- Only one savings account option available.
- Current APY has not changed in the last 30 days.
Summary: Quontic Bank offers a competitive High Yield Savings account with a 3.85% APY and no maintenance fees. The bank operates online only, lacking physical branches, which may deter some customers. Despite not being BBB accredited, it holds an A+ rating. The app ratings are high, at 4.8 and 4.6 on App Store and Google Play respectively. However, the lack of multiple savings options may limit choices for savers.
Savings Account
Savings Account Offered by Quontic Bank
Feature | High Yield Savings |
---|---|
APY | 3.85% (as of 6/20/2025) |
APY Trend | Stable for the last month |
Minimum Deposit | $100 |
Minimum Balance for APY | $0 |
FDIC-insured | Yes |
Online Only | Yes |
Bundled Account | No |
Direct Deposit Required | No |
Compound Frequency | Daily |
Maintenance Fee | $0 |
Eligibility | United States |
No deposit agreement summary available for this bank. |
Calculate Savings for Quontic Bank
All calculations are based on APY.
High Yield Savings (APY: 3.85%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $4 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $100 (96.15%)
Your total balance
$104.00
Effective APY: 3.85% (based on your deposit and contributions)
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Quontic Bank Savings Rates Over Time
Historical APY Insights
Metric | High Yield Savings |
---|---|
Latest APY | 3.85 % |
Trend | Sideways |
Slope (bps/mo) | -0.0 |
Rate Changes / Mo | 0.00 |
Days Since Last Change | 151 |
High (-5 m) | 3.85 % |
Low (-5 m) | 3.85 % |
Draw-down from High | 0.0 % |
Volatility (CV) | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-5 m)
- Highest APY in the last 151 days.
- Low (-5 m)
- Lowest APY in the last 151 days.
- Draw-down from High
- How far today sits below the 5-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare Quontic Bank's Savings Account
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Feature | Quontic Bank | Select a bank... |
---|---|---|
Product | High Yield Savings | N/A |
APY | 3.85% (as of 6/20/2025) | N/A |
Bundled Account | No | N/A |
FDIC-insured | Yes | N/A |
Online Only | Yes | N/A |
Compound Frequency | Daily | N/A |
Minimum Deposit | $100 | N/A |
Minimum Balance for APY | $0 | N/A |
Maintenance Fee | $0 | N/A |
Direct Deposit Required | No | N/A |