Quontic High Yield Savings
Quontic Bank pays a 3.20% APY with no monthly service fees and a low $100 to open, and deposits are FDIC-insured. The rate trails the very top of the market, but it is a clean, real account from a verified, active FDIC member — and interest compounds daily.
Is the Quontic High Yield Savings worth it?
Quontic Bank’s high-yield savings account is the second money8020 product grounded entirely in fetched, verified data. It pays a 3.20% APY (as of 05/14/2026) with no monthly service fees and a low $100 minimum to open. Interest compounds daily and is credited monthly.
As with every verified product here, we did not take the insurance claim on faith. We confirmed with the FDIC directly that Quontic Bank is an active insured institution — certificate #57807, headquartered in Astoria, New York. Your deposits are covered up to $250,000 per depositor, per ownership category.
The honest trade-off is the rate: at 3.20%, Quontic trails the top of the market, and the APY is variable and can change without notice. If you want the highest flat rate with no minimum, compare it against our other verified pick. But for a clean, no-monthly-fee account from an established, FDIC-verified online bank, Quontic is a solid choice. This is not financial advice; confirm the current rate on Quontic’s site before opening.
How does a high-yield savings account work?
A high-yield savings account holds cash and pays interest, quoted as an annual percentage yield (APY). The bank can change a variable APY at any time, and federal rules may limit certain withdrawals. Interest compounds — usually daily or monthly — and is taxable income in the year you earn it.
How much could you earn with the Quontic High Yield Savings?
At a 3.2% APY, a $10,000 balance in the Quontic High Yield Savings earns about $320 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Illustrative estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the Quontic High Yield Savings?
The Quontic High Yield Savings stands out for no monthly service fees, though $100 minimum to open.
- No monthly service fees
- FDIC-insured, verified active with the regulator
- Interest compounds daily, credited monthly
- $100 minimum to open
- 3.20% APY trails the highest rates available
- Rate is variable and can change without notice
Who should get the Quontic High Yield Savings?
The Quontic High Yield Savings is best for savers who want a no-monthly-fee account from an established online bank.
- Savers who want a no-monthly-fee account from an established online bank
- People comfortable with a small $100 opening deposit
- Anyone who values daily compounding and FDIC protection
Money guides for: First-time savers
How does the Quontic High Yield Savings compare?
Among the 29 high-yield savings accounts we track, the Quontic High Yield Savings ranks #22 with a money8020 score of 82/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Marcus by Goldman Sachs Online Savings | 96 | Essential | Marcus by Goldman Sachs |
| Bread Savings High-Yield Savings | 94 | Essential | Bread Savings |
| Pibank Savings | 94 | Essential | Pibank |
| Poppy Bank High Yield Savings | 94 | Essential | Poppy Bank |
| Vio Bank High Yield Online Savings | 94 | Essential | Vio Bank (a division of MidFirst Bank) |
See all high-yield savings accounts, ranked →
Common mistakes to avoid with a high-yield savings account
- Chasing a teaser rate without checking the ongoing APY or any balance tier needed to earn it.
- Leaving an emergency fund in a 0.01% big-bank account instead of a high-yield account.
- Assuming the APY is fixed — it is variable and can drop after you open.
- Overlooking transfer times: moving money to a linked bank can take one to three business days.
Key takeaways
- Quontic High Yield Savings earns a money8020 score of 82/100, ranking #22 of 29 high-yield savings accounts.
- No monthly service fees
- At a 3.2% APY, a $10,000 balance in the Quontic High Yield Savings earns about $320 in interest over a year, before taxes.
- Best for savers who want a no-monthly-fee account from an established online bank.
- Rate and FDIC status fetched from Quontic Bank and corroborated against a regulator.
Frequently asked questions about the Quontic High Yield Savings
Is there a minimum to open the Quontic High Yield Savings account?
Yes. Per Quontic, there is a $100 minimum opening deposit, and there are no monthly service fees. The 3.20% APY (as of 05/14/2026) is variable and can change without notice, so confirm the current rate on Quontic's site before opening.
Is Quontic Bank FDIC insured?
Yes. We confirmed with the FDIC that Quontic Bank is an active insured institution (FDIC certificate #57807, Astoria, New York). Deposits are insured up to $250,000 per depositor, per ownership category, backed by the full faith and credit of the U.S. government.
Can the rate on the Quontic High Yield Savings change?
Yes. A high-yield savings APY is variable, so the bank can raise or lower it at any time, often following moves in the federal funds rate. Check the rate before you open and review it periodically.
How is interest from the Quontic High Yield Savings taxed?
Savings interest is taxable as ordinary income in the year you earn it. If you earn more than $10, the bank sends a Form 1099-INT, and you report it on your federal return.
Sources
We fetched these figures from the provider and corroborated them against a regulator, last checked May 30, 2026. Primary sources: