My Banking Direct vs. Quontic Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | My Banking DirectHigh Yield Savings Account Jan 7, 2026 | Quontic BankHigh Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.02% | 3.50% |
Est. Earnings | $5,000+$201 $10,000+$402 $25,000+$1,005 | $5,000+$175 $10,000+$350 $25,000+$875 |
Min Deposit | $500 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing My Banking Direct vs. Quontic Bank
As of My Banking Direct offers an APY of 4.02% for its High Yield Savings Account, with a minimum balance of $1, compared to Quontic Bank's 3.50% APY for its High Yield Savings account, with a minimum balance of $0.
My Banking Direct pays $52 more than Quontic Bank on a $10,000 balance after one year. My Banking Direct pays $402, while Quontic Bank pays $350 - an APY advantage for My Banking Direct.
Why My Banking Direct?
- ✓Higher potential APY (4.02% vs 3.50%) on all balances
Why Quontic Bank?
- ✓Higher rated Android app (4.9 vs 4.3)
— Key Feature Differences —
Better Returns at $10,000
My Banking DirectMy Banking Direct's High Yield Savings Account earns more on smaller deposits (approx. $402 vs $350/yr).
Better Returns at $25,000
My Banking DirectMy Banking Direct's High Yield Savings Account pulls ahead with larger amounts (approx. $1005 vs $875/yr).
Best for Simplicity
My Banking DirectMy Banking Direct's High Yield Savings Account offers 4.02% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Quontic BankQuontic Bank offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.9 (vs. 4.3)
Shared Benefits
Over a 1-year period, My Banking Direct's High Yield Savings Account pays $52 more interest on a $10,000 balance than Quontic Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
My Banking Direct offers a competitive High Yield Savings Account with an APY of 4.02%, making it the superior choice for savers compared to Quontic Bank's High Yield Savings, which provides a lower APY of 3.50%. Both accounts are online-only and require no direct deposit, but My Banking Direct has a higher minimum deposit of $500, while Quontic requires only $100 to open. Additionally, My Banking Direct has no maintenance fees and allows for easy access to funds without caps or bundling requirements, making it an attractive option for those seeking simplicity and higher returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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My Banking Direct vs. Quontic Bank Savings Calculator
You earn $52 more with My Banking Direct than Quontic Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
Quontic Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | My Banking Direct | Quontic Bank |
|---|---|---|
| APY | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change | 3.50% Verified: 1/7/2026 ↘︎ 0.25%90d Change |
| Product Name | High Yield Savings Account | High Yield Savings |
| Minimum Deposit | $500 | $100 |
| Min. Balance for APY | $1 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.3 | iOS4.8 Android4.9 |
| Zelle® Support | Available Uses Flagstar/NYCB parent infrastructure. | Available Limit: $1,000/dayDigital-first bank with full native support. |
| BBB Rating | F | A+ |
| Next Steps | Visit SiteVerify at My Banking Direct Non-sponsored link to official site | Visit SiteGo to Quontic Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | My Banking Direct | Quontic Bank |
|---|---|---|
| High Yield Savings Account | High Yield Savings | |
Current APY | 4.02% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.0 | -1.6 |
Days Since Change | 53 | 8 |
11-Month High | 4.45% | 3.85% |
11-Month Low | 4.02% | 3.50% |
Adjustments / Mo | 0.43 | 0.17 |
Volatility Score | 0.035 | 0.019 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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