Quontic Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Quontic BankHigh Yield Savings Jan 7, 2026 | Wells FargoPlatinum Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.50% | 0.05% |
Est. Earnings | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $100 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking Bundle |
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 Quontic Bank vs. Wells Fargo
As of Quontic Bank offers an APY of 3.50% for its High Yield Savings account, with a minimum balance of $0, compared to Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
Quontic Bank pays $345 more than Wells Fargo on a $10,000 balance after one year. Quontic Bank pays $350, while Wells Fargo pays $5 - an APY advantage for Quontic Bank.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
Why Quontic Bank?
- ✓Higher potential APY (3.50% vs 0.01%-0.05%) on all balances
- ✓No checking account or direct deposit required
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Quontic BankQuontic Bank's High Yield Savings earns more on smaller deposits (approx. $350 vs $5/yr).
Better Returns at $25,000
Quontic BankQuontic Bank's High Yield Savings pulls ahead with larger amounts (approx. $875 vs $13/yr).
Best for Simplicity
Quontic BankQuontic Bank's High Yield Savings offers 3.50% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Quontic Bank's High Yield Savings pays $345 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Quontic Bank offers a High Yield Savings account with a competitive APY of 3.50%, making it a strong choice for savers, especially since it requires a minimum deposit of only $100 and has no maintenance fees or direct deposit requirements. In contrast, Wells Fargo's savings options provide significantly lower yields, with the Way2Save Savings account offering just 0.01% APY and the Platinum Savings account yielding 0.05% APY, contingent on higher balances and linking to a checking account. Thus, Quontic Bank stands out as the better option for those seeking 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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Top Market Contenders
Quontic Bank vs. Wells Fargo Savings Calculator
You earn $345 more with Quontic Bank than Wells Fargo 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.
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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Quontic Bank | Wells Fargo |
|---|---|---|
| APY | 3.50% Verified: 1/7/2026 ↘︎ 0.25%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 1/7/2026 ↘︎ 2.46%90d Change |
| Product Name | High Yield Savings | Platinum Savings |
| Minimum Deposit | $100 | $25 |
| Min. Balance for APY | $0 | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.9 | iOS4.9 Android4.8 |
| Zelle® Support | Available Limit: $1,000/dayDigital-first bank with full native support. | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A+ | D- |
| Important Notes | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps | Visit SiteGo to Quontic Bank * Secure link to our partner | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Quontic Bank | Wells Fargo | |
|---|---|---|---|
| High Yield Savings | Platinum Savings | Way2Save Savings | |
Current APY | 3.50% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -1.3 | -61.6 | -0.0 |
Days Since Change | 8 | 82 | 177 |
6-Month High | 3.75% | 2.51% | 0.01% |
6-Month Low | 3.50% | 0.05% | 0.01% |
Adjustments / Mo | 0.17 | 0.51 | 0.00 |
Volatility Score | 0.016 | 1.077 | 0.000 |
How to read these metrics(Click to expand)
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