If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
Quontic High Interest Checking offers competitive APYs on most balances with no monthly maintenance fees. It's a great option for individuals looking to maximize savings, but Quontic offers no way to deposit cash to the account. Learn more about this checking account and other alternatives in our Quontic High Interest Checking review.
Quontic High Interest Checking
If qualified, you can earn up to Up to 1.10% APY on all account balances. To qualify, accountholders need to make at least 10 qualifying debit card transactions of at least $10 per statement cycle.
Quontic doesn't charge a monthly maintenance fee on High Interest Checking accounts.
Quontic customers have access to over 90,000 fee-free ATMs through several partner ATM networks including Allpoint, MoneyPass, SUM, and Citibank.
You can open a High Interest Checking account for as little as $100.
To earn interest, you must make at least 10 qualifying point-of-sale transactions of at least $10 each per statement cycle.
As a mostly online bank, Quontic doesn't offer a way for most customers to deposit cash into their checking account.
If you don't use your account, you could eventually be subject to a $5 dormant account fee per month.
|Quontic High Interest Checking||Monthly Maintenance||ATM Withdrawal||Overdraft||Stop Payment||Insufficient Funds|
Despite no physical branches, there are still plenty of ways to access your funds quickly, most of which don't carry a fee.
Use any of the following methods to fund your Quontic High Interest Checking account:
Quontic doesn’t offer any way for customers to make cash deposits directly, so you’ll need to make other arrangements to fund your account.
You can choose from any of these methods to withdraw money from your Quontic High Interest Checking account:
As we mentioned earlier, Quontic customers have access to over 90,000 fee-free ATMs across the country.
Quontic High Interest Checking is competitive with other top checking accounts, but it may not be ideal for you. Here are some other checking accounts to consider.
Ally Interest Checking could be a good alternative to Quontic's checking account. It doesn't offer nearly as high interest rates, but it also doesn't require jumping through extra hoops to earn interest. While you won't earn the highest rate unless you plan to keep a balance over $15,000, you'll still earn a decent rate on lower balances. Plus, there's no minimum balance requirements with Ally Interest Checking.
TIAA Bank Yield Pledge Checking accounts also earn interest and give customers no-fee access to Allpoint and Moneypass ATM networks. Plus, customers have access to ATM fee reimbursements from $15 a month to unlimited reimbursements depending on account balance.
Rating image, 5.00 out of 5 stars.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.
Rating image, 4.50 out of 5 stars.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.
|APY||Up to 0.25%||0.14%|
|Min. to earn APY||$1||$0|
Quontic High Interest Checking is a good fit for people looking to earn high-yield interest on an everyday bank account without paying fees. This checking account offers some of the best rates we've seen, especially for higher account balances.
Remember, you need to meet the account's point-of-sale requirements to earn interest, so only consider the account if you are confident you'll qualify. It's also good for those who prefer online and mobile banking to in-person banking service.
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. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 - 2022 The Ascent. All rights reserved.