Quontic Bank


Overview / Commentary
718-215-4000
31-05 Broadway
Astoria, NY 11106

Quontic Bank is headquartered in Astoria and is the 91st largest bank in the state of New York. It is also the 1,790th largest bank in the nation. It was established in 2005 and as of June of 2019, it had grown to 155 employees at 2 locations. Quontic Bank has a B+ health rating.

Related Posts

Rate Reduction On Money Market Acct - 9/5/2019

For balances of $100K, new rate is 2.30% (down from 2.40%). Still very competitive. It's a small bank and a little quirky but have found the employees to be friendly and genuinely desirous to assist when called upon.

12-Month CD 2.85% Annual Percentage Yield - 7/3/2019

Minimum of $1,000 required to open this 12-Month CD. You can get monthly interest payments - ACH Transfer. The Early Withdrawal Penalty Is 12 Months Of Interest. This Interest Rate Is Subject To Change At Anytime!  

Quontic Bank's 12-Month CD (2.85% APY) Available Nationwide - 7/3/2019

Quontic Bank's (NY) CDs are available nationwide, including 12-month CD (2.85% APY) and 24-month CD (2.90% APY). Minimum opening deposit $1k. Also as IRAs.

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Reviews (5)

Everything Impressive -- But Bank May Catch You In A Rate Change

Posted by: aremesbo | Jul 16, 2019

Everything about Quontic's customer service is great. BUT: the bank reserves the right to change your contracted deposit rate after you've completed your application. I went to fund my CD account the moment they put the small trial deposits into my ACH funding account -- only to be told that since the rate had dropped since i started the application, they would not honor the original higher rate. The customer (myself) was not the delaying factor here; I did not use snail mail to fund the account, and i did not wait a moment past the trial deposits appearing to complete the process. Changing rates after an application has been made is simply not customer friendly. Too bad, because customer service interactions were very good. .... Subsequently, I went back to customer service, and they DID promise to honor the original 12-month rate. See updated comments below. I am changing my original rating, to reflect management's willingness to hear their customer's requests that original application deposit rates be honored. Customer reps continue to be polite and professional, and the service is as quick as Ally bank, which has been my most efficient bank til now. Latest rates for cd's are no longer the highest as of today, but rates were very competitive up through last week. Hats off to Quontic management for reversing direction in favor of customers.

Excellent!!!!

Posted by: Giangpham | Mar 23, 2019

Ly Nguyen is great !!! She works very dedicated, thoughtful, devoted to customers. She helps me whenever I need it even after working hours. I love her customer service !!! thank you very much Ly Nguyen !!!

Excellent Experience

Nathalia is very kind,attentive and dedicated to her work whenever I call she is willing to help I love her service.

Fees And Disclosures

Posted by: mountain52 | Jul 5, 2019

I'm sure this is a fine bank with good customer service, but there is no search engine to find the fees or disclosures. Via chat, I requested a fees document and was given a link which was just the disclosure gibberish with no amounts specified for fees on various transactions. Such documents should be easy to retrieve. Also, they do not have an IRA savings or money market, which means you have to act fast to move an IRA CD when mature. Too much hassle.

Merry-Go-Round

Posted by: Targy | Aug 5, 2019

First CD app. led to aback &forth on the form & ended in an unanswered phone call on the week end. Second appl. attempt led interest payment pg & edit button called for reloading which became a blank appl. again. For a lousy $50 difference in interest went to seamless appl. elsewhere. Good luck to the persevering.



Health
B+

Health Grade Components

Overall
FDIC Certificate #57807
Year Established2005
Employees155
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD8.96%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$394.0MM$377.4MM
LoansQ2 2019vs Q2 2018$279.8MM$325.4MM
DepositsQ2 2019vs Q2 2018$315.4MM$315.7MM
Equity CapitalQ2 2019vs Q2 2018$38.6MM$31.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.8MM$2.3MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.9MM$3.5MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Rate Reduction On Money Market Acct

scubabelle   |  
For balances of $100K, new rate is 2.30% (down from 2.40%). Still very competitive. It's a small bank and a little quirky but have found the employees to be friendly and genuinely desirous to assist when called upon.

12-Month CD 2.85% Annual Percentage Yield

IvoryMale   |  
Minimum of $1,000 required to open this 12-Month CD.
You can get monthly interest payments - ACH Transfer.
The Early Withdrawal Penalty Is 12 Months Of Interest.
This Interest Rate Is Subject To Change At Anytime!  

Rates

Rates for Quontic Bank are currently being reviewed.

Locations


Quontic Bank Locations
Quontic Bank31-05 BroadwayAstoria, NY 11106
Quontic Bank Astoria31-05 BroadwayAstoria, NY 11106

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