Bank Of America vs. Quontic Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Bank of America vs. Quontic Bank
Key Metrics at a Glance
| Feature | Bank of America | Quontic Bank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.75% High Yield Savings |
| Minimum to Open | $100 | $100 |
| Minimum Balance for Top APY | $0 | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- Bank of America offers a variety of account options beyond savings.
Potential Drawbacks
- The Advantage Savings account has a low APY of 0.01%.
- Bank of America charges an $8 maintenance fee unless conditions are met.
Quontic Bank
Strengths
- Quontic Bank offers a competitive APY of 3.75%.
- Quontic Bank has no maintenance fees for the High Yield Savings account.
Potential Drawbacks
- Quontic Bank has no physical branches for banking.
- Quontic Bank is not BBB Accredited despite an A+ rating.
→ As of November 12, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Quontic Bank's 3.75% APY for its High Yield Savings account, with a minimum balance of $0.
→ Quontic Bank yields $374 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Quontic Bank pays $375 - an APY advantage for Quontic Bank.
Calculate Savings Growth for Bank of America vs Quontic Bank
Bank of America - Advantage Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewQuontic Bank - High Yield Savings
Total savings breakdown:
- Interest earned: $2,273.8 (11.22%)
- Total contributions: $13,000 (64.12%)
- Initial deposit: $5,000 (24.66%)
Your total balance
$20,273.80
Total balance: $20,273.8
Earnings: $2,273.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,268.1 lower than Quontic Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Quontic Bank's Savings Accounts
| Bank of America | Quontic Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High Yield Savings |
| APY | 0.01% (as of 11/12/2025) | 3.75% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $100 | $100 | |
| Minimum Balance for APY | N/A | $0 | |
| Maintenance Fee | $8 | $0 | |
| Direct Deposit Required | No | No | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.6/5 | 4.8/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 9 Months)
| Bank of America | Quontic Bank | ||
|---|---|---|---|
| Product | Advantage Savings | vs | High Yield Savings |
| Latest APY | 0.01 % | 3.75 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -1.5 | |
| Rate Changes / Mo | 0.00 | 0.10 | |
| Days Since Last Change | 288 | 139 | |
| High (-9 m) | 0.01 % | 3.85 % | |
| Low (-9 m) | 0.01 % | 3.75 % | |
| Draw-down from High | 0.0 % | -2.6 % | |
| Volatility (CV) | 0.000 | 0.013 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 288 days.
- Low (-9 m)
- Lowest APY in the last 288 days.
- Draw-down from High
- How far today sits below the 9-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.