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Quontic Bank CD Rates for December 2022

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Quontic Bank CD rates are among the highest rates available today. If you're comfortable banking online and you want to grow your savings quickly, Quontic Bank CDs are definitely worth considering. Below, we'll take a closer look at how Quontic Bank CD rates stack up to their competition.

Quontic Bank CD Rates for December 2022

Quontic CDs
  • 1 Year APY: 4.00%
  • 2 Year APY: 4.15%
  • 3 Year APY: 4.30%
  • 5 Year APY: 4.45%
Rates as of Nov. 30, 2022
Term
Quontic CDs
1 Year
2 Year
3 Year
4 Year
5 Year
4.00%
4.15%
4.30%
--
4.45%

Compare Quontic Bank CD rates

Quontic Bank CD rates are considerably higher than most of its competitors. Here's how they compare to some of our other top CD providers.

Rates as of Nov. 30, 2022
Lender
Account
1 yr. apy
2 yr. apy
3 yr. apy
4 yr. apy
5 yr. apy
Min. deposit
Early Withdrawal Penalty
Next Steps
Logo for Discover High Yield CD
Member, FDIC
4.00%
4.10%
4.15%
4.20%
4.25%
$2,500
Yes
Logo for CIT Bank CD
Member, FDIC
0.30%
0.40%
0.40%
0.50%
0.50%
$1,000
Yes
Logo for Marcus by Goldman Sachs High Yield CD
Member, FDIC
Marcus by Goldman Sachs High Yield CD
4.15%
4.30%
4.00%
4.00%
3.80%
$500
Yes

Quontic Bank CD review

Quontic Bank's CD rates are some of the best around. Here's what you need to know to decide if they're the right choice for you.

Quontic Bank CDs

PROS

  • Competitive APYs
  • Reasonable minimum deposit

CONS

  • Fewer terms than some of its competitors

You'll be hard pressed to find another bank that can match Quontic Bank's high CD rates. This makes it a great choice for those who are looking to grow their savings more quickly without risking it in the stock market. The $500 minimum deposit requirement also means its CDs are more accessible than some of its competitors' CDs. However, Quontic Bank has fewer CD terms than many of its competitors, so it's not ideal for people who want to establish a CD ladder.

RELATED: Check out The Ascent's complete Quontic bank review.

FAQs

  • A Quontic Bank CD is a good fit for those who have at least $500, are comfortable managing their money entirely online, and want to earn a high APY on their savings.

  • A Quontic Bank CD can help you grow your savings more quickly than you could with a regular savings account. As long as you leave your money alone until the CD matures, there's no risk of loss.

  • A Quontic Bank CD could be worth it for you if you have money you don't plan to spend in the next few years and you want a safe way to earn a high APY on those funds.

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