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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
On Quontic's Secure Website.
On Quontic's Secure Website.
Quontic High Interest Checking earns one of the highest APYs among checking accounts. Unfortunately, you must make 10 qualifying debit card purchases of $10 or more each statement cycle to earn the highest interest tier. Still, the account is a good option to maximize savings beyond other deposit accounts. Plus, it has no monthly fees and access to fee-free ATMs.
10 debit card point of sale transactions of $10 or more per statement cycle required to earn the maximum APY. If the qualifying activity requirement is not fulfilled, the interest rate paid on the entire balance will be 0.01% APY.
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 |
Fees | $0 | $0 | $0 | $20 | $0 |
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.
We recommend comparing checking accounts to make sure you're getting the best fit for you. Here's a list of our favorite accounts.
Account | APY | Promotion | Next Steps |
---|---|---|---|
Open Account for Discover® Cashback Debit
On Discover Bank's 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 |
0%
Min. to earn: N/A
|
Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
|
Open Account for Discover® Cashback Debit
On Discover Bank's Secure Website. |
Open Account for Quontic High Interest Checking
On Quontic'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 |
up to 1.10%
Min. to earn: $1
|
High APY when you complete 10 or more qualifying debit card purchases each month
|
Open Account for Quontic High Interest Checking
On Quontic's Secure Website. |
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.
At The Motley Fool Ascent, we rate checking accounts on a five-star scale (1 = poor, 5 = best). We evaluate all checking accounts across four main criteria: brand and reputation, APY and rewards, fees and minimum requirements, and perks.
Our scores are weighted as:
Learn more about how The Motley Fool Ascent rates bank accounts.
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, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.