Quontic Bank is an innovative and socially responsible U.S.-based digital bank headquartered in Astoria, New York City. Quontic is a digital-first bank, but with loan offices in New York (Melville, Flushing) and Miami, Florida for in-person assistance.
Customer service is 100% US-based support that includes phone-based, chat live, request a call or speak through your computer’s audio. Deposit accounts are protected and Quontic is FDIC-insured.
Quontic is the best choice if you enjoy earning interest that far exceeds the national average.
- High-Interest Checking – Earn a bigger balance with 1.10% APY.
- Money Market Account – Accelerate your checking and savings with 5.00% APY.
- High-Yield Savings – Accelerate your savings interest with 4.25% APY.
- Certificates of Deposit – Earn up to 4.95% APY on CDs ranging from 3 months to 5 years.
Quontic is the best choice if you enjoy earning interest that far exceeds the national average.
- High-Interest Checking – Earn a bigger balance with 1.10% APY.
- Money Market Account – Accelerate your checking and savings with 5.00% APY.
- High-Yield Savings – Accelerate your savings interest with 4.25% APY.
- Certificates of Deposit – Earn up to 4.95% APY on CDs ranging from 3 months to 5 years.
Highly-Rated Mobile Banking App
Quontic's banking app is rated 4.8 out of 5.0 in both the Apple Store and Google Play.
The app's intuitive navigation and clean design make banking tasks simple and enjoyable. Customers can easily access account balances, quick transfers, and bill pay options.
iOS app rating: 4.8/5 stars
Android app rating: 4.8/5 stars
Quontic Bank History
The bank has roots dating back to 2005 when it was known as Golden First Bank. Over the years, it underwent changes, including a rebranding to Quontic Bank in 2018, with a focus on serving underserved communities.
Today, Quontic Bank focuses on online banking services with no physical branches and certified as a Community Development Financial Institution (CDFI) that aims to serve underserved communities and promote financial inclusion.
Quontic Bank Review
Quontic High Interest Checking details
Quontic High Interest Money Market details
Quontic High-Yield Savings details
Quontic Certificates of Deposit (CDs) details
Does Quontic work with Zelle?
What we like about Quontic Bank
- Technology-driven. Provides a user-friendly online banking experience with a highly-rated banking app. Plus, Quontic is ahead of the banking industry with a wearable debit card ring technology.
- Community focus. Offers financial products and services tailored to underserved communities.
- Competitive rates. Offers competitive rates on deposits and loans.
- Strong social impact. Invests in community development initiatives.
What could improve about Quontic Bank
- Limited physical presence. No physical branches may be inconvenient for some customers.
- Newer bank. May not have the brand recognition of larger banks.
- Limited product offerings. May not offer all the products and services as larger banks.
Final takeaway
Quontic Bank provides online and mobile banking options for customer convenience to provide accessible banking services.
The bank has been recognized for its efforts to serve diverse and underserved communities, including immigrants and individuals with non-traditional banking needs.
Overall, it is competitive with the best online banks that offer free checking and high-yield savings accounts.