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Quontic is a relatively new player in the banking space, but it's made a name for itself by doing things a little differently. As a digital-first, FDIC-insured bank, Quontic specializes in high-yield savings products and flexible options for people who don't always fit the traditional banking mold.
From checking accounts that earn interest to innovative home loans, Quontic has built a solid reputation around accessibility, high tech, and high returns.
Today I'm going to cover one of the bank's most popular offerings in 2025: certificates of deposit (CDs). Quontic's rates compete at the very top of the market.
APY = Annual Percentage Yield
Quontic Bank offers CDs with terms ranging from six months to five years. It offers most of the terms one would expect, though it is missing a 4-year CD, so it may not be ideal for those hoping to build a CD ladder. Its rates are competitive, especially on its longer term CDs, and its minimum deposit is more affordable than what you see with some other top banks.
On Quontic's Secure Website.
6 Mo. APY | 1 Yr. APY | 2 Yr. APY | 3 Yr. APY | 5 Yr. APY |
---|---|---|---|---|
3.75% | 3.25% | 3.35% | 3.25% | 3.00% |
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Unlike other banking products we evaluate, certificates of deposit (CDs) do not receive a star rating from us. This approach is due to the frequent updates in interest rates and terms associated with CDs. Instead, we highlight CDs on our best-of list pages based on their annual percentage yield (APY) and the fees associated with early withdrawals. Our top CD selections typically offer competitive APYs without complex qualification tiers, low early withdrawal penalties, reliable strong brand reliability, and user-friendly features.
Motley Fool Money focuses exclusively on standard CDs and does not review IRA CDs, bump-up CDs, callable CDs, or other specialized CD accounts.
Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.
Quontic offers some of the best CD rates available, with low minimum balance requirements. Perfect for first-time CD buyers and savers just starting out. Quontic also stands out for its sleek digital platform which makes it easy to open, monitor, and manage all your CDs.
Here are some of the key features:
Minimum deposit | $500 |
---|---|
Range of term lengths | 6 months - 5 years |
Compounding schedule | Daily (Credited to account monthly) |
Grace period | 10 days |
Quontic doesn't offer partial withdrawals. It's all or nothing if you need to withdraw early. If you need to withdraw money before a CD matures, you'll need to request specific approval from Quontic.
Here's what to expect in terms of fees:
CD Term | Early Withdrawal Penalty |
---|---|
Less than 1 year | All interest for the stated term |
1 to 2 years | 1 year of interest |
Over 3 years | 2 years of interest |
That means if you yank your money early, you could forfeit all your earned interest -- and even dip into your principal if you're not careful.
Heads-up: CDs aren't flexible. If there's even a chance you'll need access to the funds early, a high-yield savings is a better option.
When your Quontic CD reaches maturity, you'll get a 10-day grace period to withdraw or make changes before it automatically renews for the same term at the current rate.
Here are your options during that 10 day window:
Quontic will send you a Maturity Notice before your CD matures, but it's always good to set your own calendar reminder. If you go past the grace period without withdrawing funds, Quontic will send you a confirmation of auto-renewal notice.
To see how Quontic stacks up, here's a quick side-by-side with a few top contenders:
On LendingClub's Secure Website.
On Discover Bank's Secure Website.
On Raisin's Secure Website.
My take: Quontic shines for short-to-mid-term savers. If you're chasing yield and don't mind digital-only banking, it's hard to beat.
Here's a direct link to apply, and it takes less than three minutes to open an account.
Here's the high-level process:
The whole thing takes about five minutes if your funding account is ready to go.
While you're at it, download the Quontic mobile app. This lets you check account balances and gives you access to other banking products they offer.
For disciplined savers chasing a high yield, Quontic's CDs offer excellent returns with a low barrier to entry. Just make sure you've got at least $500 ready to park, and that you're not going to touch the money before maturity.
Keep in mind, Quontic also offers other fantastic savings products if you aren't ready to lock up your cash. You can split your funds across CDs, high-yield checking accounts, or savings accounts.
If you're ready to earn more on your savings with a fixed rate, open a Quontic CD today.
Quontic is FDIC insured, meaning deposits are protected up to $250,000 per account holder. It's been around since 2009 and is known for digital innovation. Yes, it is a safe bank!
Nope. Like most CDs, you can't add more money after you open one. You'd need to start a new CD for additional funds.
As of 2025, Quontic does not offer no-penalty CDs. Early withdrawal will cost you, so only commit funds you won't need access to.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page. APYs are subject to change at any time without notice.