Quontic Bank's Personal Money Market Has Competitive Rates


Availability: Personal Money Market, 2.20% APY ($100k+), 2.10% APY ($5k+), 1.85% APY (up to $5k), $500 minimum opening deposit.

Availability: Nationwide through online application.

For just over a year, New York-based Quontic Bank’s Personal Money Market rates have been very competitive. Rates started to fall in September, but the cuts have been smaller than most online savings and money market accounts. The Personal Money Market account is currently offering 2.20% APY on balances of $100k+. The other tiered APYs include 2.10% ($5k-$100k) and 1.85% (up to $5k).

2.05*%$100k-Quontic BankPersonal Money Market
OTHER TIERS: 1.85% Up to $5k | 1.95% $5k - $100k
Rates as of January 24, 2020.


  • A Personal Money Market account can be opened with as little as $500, and can be funded from” an existing Quontic Bank account, from an account at another bank, by ACH transfer, or by mailing us a check.”
  • While there is no monthly service fee, there is a $5 fee for monthly paper statements.
  • Deposit and withdrawing funds can be done through Quontic Bank Online and Quontic Mobile Banking, with a debit card provided. According to CSR, check writing is also available. There is no excessive transaction fee, but “You will be contacted in the event you've exceeded the transaction limitation, and your account may be changed to a transactional account.”

Amplify Interest Checking

Quontic’s rewards checking account, Amplify Interest Checking, continues to earns 2.00% APY on qualifying balances up $1 million. Qualifying balances above $1 millon do not earn any interest, with non-qualifying balances earning 0.01% APY.

2.00%-$1mQuontic BankAmplify Interest Checking
Rates as of January 24, 2020.

The qualification requirements include,

  • At least 15 monthly qualifying debit card transactions.
  • At least one ACH (in/out) per month.

The Amplify Interest Checking account has no monthly maintenance fee and the eStatements are fee. The minimum opening deposit is $500. While there is no reimbursement for ATM fees, Amplify Interest Checking and Personal Money Market customers can avoid “foreign” ATM fees by using,

any of 55,000+ AllPoint® Network ATMs, 28,000+ MoneyPass Network ATMs, 7,000 SUM® program ATMs, or at nearly 700 Citibank® branch ATMs.


Headquartered in Astoria (Queens), New York, Quontic Bank offers its product line online to all U.S. citizens, 18 years or older, with a valid Social Security number.

Opening a Personal Money Market account can be done online, or at either of two New York branches, located on Broadway in Astoria or at Rockefeller Plaza in Manhattan.

Quontic also offers mortgages nationwide, with mortgages offices in Miami and Long Island.

Bank Overview

Quontic Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 12.02% (above average), based on June 30, 2019 data. In the past year, the Bank has increased its total non-brokered deposits by $38.22 million, an excellent annual growth rate of 17.09%. Please refer to our financial overview of Quontic Bank (FDIC Certificate # 57807) for more details.

Quontic Bank is a young bank, with its tenth anniversary only a week away. In late 2009, Steven Schnall, a New York real estate developer, bought the Long Island-based Golden First Bank, which was in financial trouble after only four years of being established. Schnall recapitalized the bank, brought in a new management team, and rebranded the institution as Quontic Bank.

At Quontic’s root is “ontic,” meaning real or factual existence. The truth is that there is an extraordinary diversity of circumstances in the real and factual existence of our customers’ lives. We believe banking needs to be adaptive to those circumstances, so we ask the Qualitative and Quantitative questions that enable us to do so. Hence Quontic – an adaptive form of “ontic.” We like how it sounds and what it stands for.

How the Personal Money Market Compares

When compared to 77 Money Market Accounts tracked by DepositAccounts.com that are available nationwide, Quontic Bank's Personal Money Market top APY currently ranks second, regardless of minimum balance requirements.

The above rates are accurate as of 12/9/2019.

To search for the best Money Market Account rates, either nationwide or state specific, please refer to DA’s Money Market Account Rates Table page.

Related Pages: New York money market accounts, money market accounts, reward checking accounts, nationwide deals

Sperry8   |     |   Comment #1
Quontic bank is not accepting online applications for days now. Perhaps they've stopped all new applications? Their website says "due to system upgrades" but that has been the comment for a while now.
Quontic Bank's Amplify Interest Checking Earns 2.00% APY Up To $1M
Availability: Amplify Interest Checking, 2.00% APY up to $1 million when requirements are met.

Availability: Nationwide through online application.

New York-based Quontic Bank’s rewards checking account, Amplify Interest Checking, now earns 2.00% APY on qualifying balances up $1 million. Qualifying balances above $1 millon do not earn any interest, with non-qualifying balances earning 0.01% APY.

The Amplify Interest Checking account was unveiled in early February, with an intial 1.85% APY. The rate was increased to 2.00% APY about a week ago.

Qualification Requirements

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Availability: Nationwide through online application

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