Quontic Bank offers over 70% of home mortgages to low-income families.” Serving the financially underserved businesses and customers is a core to their mission and business philosophy.”

In terms of its servings, the certificate of deposit plays the most crucial role. Here is the most comprehensive explanation stated below;

Quontic Bank CD Rates Offers

The most featural CD rates offered and terms by Quontic Bank are;

Quontic Bank 1-Year CD

·         Term: 1 Year

  • APY: 5.30%
  • Minimum Opening Deposit: $500


  • Early withdrawals may incur penalties.
  • Suitable for those seeking a higher return within a relatively short timeframe.

Pros & Cons

Highest APY at 5.30%Early withdrawal penalties apply

Quontic Bank 6-Month CD

  • Term: 6 Months
  • APY: 5.05%
  • Minimum Opening Deposit: $500


  • Best for those looking for a brief investment period.
  • Penalties apply for withdrawals before maturity.

Pros & Cons

Low minimum opening depositVery short investment period

Quontic Bank 2-Year CD

  • Term: 2 Years
  • APY: 4.50%
  • Minimum Opening Deposit: $500


  • Offers a competitive rate for a moderate investment duration.
  • Penalties for early withdrawals.

Pros & Cons

Balanced 4.50% APYMedium-term commitment

Quontic Bank 3-Year CD

  • Term: 3 Years
  • APY: 4.40%
  • Minimum Opening Deposit: $500


  • Suited for those looking for a balance between risk and return.

Pros & Cons

Fast account openingPenalty Issues

Quontic Bank 5-Year CD

  • Term: 5 Years
  • APY: 4.30%
  • Minimum Opening Deposit: $500


  • Early withdrawals may result in penalties.

Pros & Cons

Minimum deposit of $500Not suitable for short-term goals

Are Quontic Bank CD Rates Competitive?

Quontic Bank offers a range of Certificate of Deposit terms with competitive Annual Percentage Yields.

  • The 1-Year CD stands out with the highest APY of 5.30%, providing an attractive option for those seeking short-term, high-yield investments.
  • The 6-month CD offers a competitive 5.05% APY, appealing to individuals looking for short-term stability with a low minimum deposit requirement.
  • The 2-Year CD and 3-Year CD present balanced growth opportunities with APYs of 4.50% and 4.40%, respectively, making them suitable for medium-term savings goals.
  • For those with a longer investment horizon, the 5-Year CD provides a solid option with a 4.30% APY.

Quontic Bank’s commitment to accessible account opening in 3 minutes or less further enhances the appeal of these CDs. Potential investors should be mindful of early withdrawal penalties associated with each term.

Overview Quontic Bank 

Quontic Bank was founded in 2009 in Great Neck, New York. It was called Golden First Bank and had $24 million in assets. It is now Quontic Bank and is headquartered in Manhattan, New York but has moved multiple times. It originally moved to Astoria and the Great Neck location was closed. 

Quontic Bank prides itself on diversity. Greater than 60% of the employees identify as something other than Caucasian. And 55% of employees are female.

As of 2011, Quontic Bank moved its headquarters to the Rockefeller Plaza. It specializes in Adaptive Digital Banking and was named the “Top Online Bank in 2020”.

The US Department of Treasury has identified Quontic Bank as a CDFI or Community Development Financial Institution. This includes a fund which, “works to offer resources and other programs to generate economic growth and opportunities for distressed communities around the nation”.

Quontic Bank doesn’t require you to be a member. Quontic Bank does have several locations in two states but most of its customers use mobile or online banking.


Quontic Bank doesn’t require you to be a member. Quontic Bank does have several locations in two states but most of its customers use mobile or online banking.

Locations Quontic Bank

There are branches of Quontic Bank in several cities in New York. These cities are:

  • Astoria
  • Melville
  • Flushing

Quontic Bank also has offices in Georgia, New Jersey, and Massachusetts but the only other branch is in Miami, Florida.

There is also a home mortgage office in Coral Gables, Florida which is south of Miami.

Frequently Asked Questions

Are Quontic Bank CD rates fixed for the entire term?

Yes, Quontic Bank CD rates are fixed for the entire term, providing a stable and predictable return on your investment.

Can I add funds to my Quontic Bank CD after opening it?

No, Quontic Bank CDs do not allow additional deposits after the initial opening. The deposit amount is fixed at the time of opening.

What happens if my Quontic Bank CD reaches maturity?

Upon maturity, you have the option to withdraw your funds, roll over the CD into a new term, or explore other investment opportunities offered by the bank.

Is the interest on Quontic Bank CDs compounded?

Yes, the interest on Quontic Bank CDs is compounded, allowing you to earn interest not just on your principal but also on the interest that has already been added.

Can I open a Quontic Bank CD online?

Yes, you can conveniently open a Quontic Bank CD online, making the process quick, easy, and accessible from the comfort of your home or office.