High Interest Checking account customers at Quontic get access to more than 90,000 surcharge-free ATMs. It’s part of several large ATM networks, including Allpoint, MoneyPass, SUM and Citibank. This includes ATMs located in Target, Speedway, Walgreens, CVS, Kroger, Safeway, Winn Dixie and Circle K.
Aside from ATM access, this account also offers a very competitive APY of up to 1.01% on balances of up to $1 million, provided you’re able to meet the monthly qualifying transaction requirements (see Details). And there’s no minimum balance requirement.
Quontic also offers robust online banking and gets solid ratings on its mobile app. The account comes with a pack of eight starter checks.
Read our full Quontic Bank review.
Details
Interest is compounded daily and credited monthly. In order to meet the requirements to earn the interest rate, customers must have a daily balance less than or equal to $1 million and make at least 10 qualifying debit card point of sale transactions of $10 or more, per statement cycle.
If the minimum qualifying activity requirements are met, then the 1.01% APY applies to balances of $0–$150,000. Balances of $150,000.01–$1,000.000 have an APY of 1.01%–0.45%. Balances of $1,000,000.01 and above have an APY of 0.45%–0.00%. (Balances over $1 million do not earn interest.) If the minimum qualifying activity is not met, then 0.01% APY applies to all balances. Quontic may change the tiers that apply to this account at any time without notice.