Quontic Bank

Last Updated: 6/20/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick 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

FeatureHigh Yield Savings
APY
3.85% (as of 6/20/2025)
APY TrendStable for the last month
Minimum Deposit$100
Minimum Balance for APY$0
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited 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

MetricHigh Yield Savings
Latest APY3.85 %
TrendSideways
Slope (bps/mo)-0.0
Rate Changes / Mo0.00
Days Since Last Change151
High (-5 m)3.85 %
Low (-5 m)3.85 %
Draw-down from High0.0 %
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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FeatureQuontic BankSelect a bank...
ProductHigh Yield SavingsN/A
APY
3.85% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$100N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A