Quontic High Yield Savings Review: High Rates Compounded Daily
Review
Updated
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The Quontic High Yield Savings account is best for people who prefer to do their banking online and want to earn a competitive APY. Since Quontic has no physical branches, it's able to pass those savings on to customers, putting more in your pocket.
On Quontic's Secure Website.
Member FDIC.
Quontic High Yield Savings
On Quontic's Secure Website.
On Quontic's Secure Website.
A standout online savings account with one of the best APY's we've seen. The savings account also includes a debit card, which is a nice add-on for an account that already outshines many. Interest is compounded daily based on your posted account balance, which means your money will grow faster.
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.60%
Rate info
3.60% annual percentage yield as of June 26, 2025. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
up to 3.80%
Rate info
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
|
N/A
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for Barclays Tiered Savings
On Barclays' Secure Website.
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.90%
Rate info
Balances less than $250,000 earn 3.90%, and balances greater than $250,000 earn 4.10%.
Min. to earn: $0
|
N/A
|
Open Account for Barclays Tiered Savings
On Barclays' Secure Website. |
| Account | APY | Minimum Deposit |
|---|---|---|
| Quontic High Yield Savings | 3.85% | $100 |
Quontic's APY on savings isn't bad, and is in fact higher than some of our top savings account picks. It's not the highest out there, but you can get it with a relatively small minimum deposit, and your interest will even compound daily, to grow your balance faster.
Below, we'll take a look at the top benefits and drawbacks of a Quontic High Yield Savings account.
3.85% APY: APY is one of the most important factors when choosing a high-yield savings account. Quontic's APY of 3.85% far outpaces the national average but lags behind other online accounts, especially those offered through the financial platform Raisin.
Ease of use: According to Quontic's website, you can open a high-yield savings account in three minutes or less and fund your account with money from an existing Quontic account or another bank. Quontic has a robust digital banking platform and mobile app where you can access your account 24/7. It offers features including remote check deposit, bill pay, account transfers, the ability to send money to friends and family, and receipt tracking to make managing your finances easy.
No maintenance, overdraft, or NSF fees: There are no monthly fees at Quontic. As an online bank, Quontic doesn't have the overhead costs of traditional banks, so it can offer lower fees and more benefits to customers. Quontic states that it has no hidden fees.
Debit card: Most savings accounts do not offer a debit card since they are designed to be long-term storage for your savings. As a result, savings accounts do not typically come with debit cards or checks. Quontic offers a debit card connected to your Quontic High Yield Savings account as well as access to over 90,000 surcharge-free ATMs.
Insurance and security: Quontic High Yield Savings accounts are FDIC insured and include advanced security monitoring. You can lock and unlock your debit card online. You are also fully protected against unauthorized debit card transactions.
Customer support: With Quontic's digital customer service, you can speak to a customer success representative through the audio with your computer, entering your phone number so we can call you, or initiating a live chat session.
Minimum opening deposit: The minimum amount to open a Quontic High Yield Savings account is $100. There are other savings accounts available that have a lower or no minimum deposit required.
No physical branch access: Quontic is an online-only bank with no physical branches. Quontic may not be for you if you prefer to bank in person.
Maximum six transactions per account statement cycle: Quontic charges a $10 excess transaction fee for every transaction over six for pre-authorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per account statement cycle.
Quontic has no physical branches, but you can fund your account easily and quickly.
To make your initial deposit to open the account, you can transfer money from your existing Quontic account, or you can transfer money from an external account via ACH or using Plaid's technology.
You can also deposit checks into your account using the Mobile Remote Deposit Capture (RDC) with your mobile app. Deposits may be made with Mobile RDC at any time. If your deposit is approved before the daily cutoff time of 4 p.m. EST, your deposit will be posted to your account on the next business day. The Mobile RDC functionality cannot be used to initially fund a new account.
If you're taking money out of your Quontic High Yield Savings account, you may make no more than six pre-authorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle.
Quontic may contact you in the event you exceed the transaction limitations and your account may be changed to a transactional account. There is a $10 excess transaction fee for every transaction over the six withdrawals allowed per statement cycle.
If banking in person and talking to someone face to face is important to you, then Quontic may not be a good fit.
At Motley Fool Money, we rate savings accounts on a five-star scale (1 = poor, 5 = best). We evaluate all savings accounts across four main criteria: annual percentage yield (APY), brand and reputation, fees and minimum requirements, and perks that really make a difference -- think ATM access, linked checking accounts, or even branch access.
Our scores are weighted as:
Learn more about how Motley Fool Money rates bank accounts.
Yes, Quontic is a U.S. Treasury designated Community Development Financial Institution (CDFI), that is FDIC insured.
No, Quontic operates as a national digital bank. This allows it to pass on the overhead cost savings from operating an expensive network of branches to its customers in the form of lower fees, better rates, or higher rewards.
In addition to its high APY and no fees, you get a free Mastercard debit card which you can lock and unlock at any time. You can load your card to your digital wallet for Apple Pay, Google Pay, and Samsung Pay. With the debit card, you have access to the Mastercard Zero Liability Protection, ID Theft Protection, and Mastercard Airport Concierge. These are just some of the benefits of being a Quontic customer.
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.
