Money Market Business Account

Annual Percentage Yield

1.01%

$150,000+ Account Balance

Annual Percentage Yield

0.90%

$5,000 – $149,999.99 Account Balance

Annual Percentage Yield

0.80%

$0 – $4,999.99 Account Balance

Money Market Business Account

Focus on your business and we’ll take care of the rest.

Minimum opening deposit: $100. Open your account in 3 minutes or less!

Sorry! Due to system upgrades, we are not accepting additional accounts for this product at this time.

Minimum opening deposit: $100. Open your account in 3 minutes or less!

Top Online Bank 2020!

Our competitive APYs, low minimum deposits, and access to thousands of free ATMs nationwide have earned us a spot as a Top Online Bank of 2020 by Bankrate!

Plan to deposit over $250,000?

Meet PLUS by Quontic!

Peace of Mind: FDIC insurance up to $160M per tax ID.
Earn Interest: Put your cash balances to work by placing funds into demand deposit accounts or into money market deposit accounts.
Fully Integrated: Our online banking solution is fully integrated with your sweep account and statements are easily accessible online.
Daily Liquidity: Funds requested by noon will be available the same day.

Surcharge-free ATMs

90,000+

With your Quontic Debit Card.

At any participate AllPoint^® Network ATMs, MoneyPass^® Network ATMs, SUM^® program ATMs, or Citibank^® ATMs located in Target, Speedway, Walgreens, CVS, Kroger, Safeway, Winn Dixie, and Circle K.

No hidden fees

0 Monthly service fees.

Open a Money Market Business Account¹ in 3 minutes or less and experience banking with no hidden fees. Yes, zero monthly fees. Ever!

Get Started Today

You work hard so we’ve made saving easy. Grow your funds just by opening a Quontic Money Market Business Account.

A $100 minimum is required to open an account.

Mobile App

24/7 access

Manage your money

Whenever, wherever

Mobile App

24/7 access

Manage your money

Whenever, wherever

Access your account anywhere, anytime with Quontic’s dynamic mobile app. Features like remote check deposit, bill pay, account transfers, and receipt tracking make mobile banking easy and fast.

Frequently Asked Questions

How do I get started?

Please visit our branch in Astoria, New York to set up your Money Market Business Account.

Is there a minimum to open an Account?

Yes, you can open an account with as little as just $100.00

How do I fund my Money Market Business Account?

You can transfer funds from an existing Quontic Bank account, from an account at another bank, by ACH transfer, or by mailing us a check.

Our mailing address is:
Quontic Bank
31-05 Broadway
Astoria, NY 11106
Attn: New Accounts
Please do NOT send cash!

Can I take money out or add money to the account?

Yes. You will be able to sign up for Quontic Bank Online and Quontic Mobile Banking and be provided with a Quontic Bank Master Card^® Debit Card. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle. You will be contacted in the event, you exceeded the transaction limitation, and your account may be changed to a transactional account.

Are there any monthly fees?

You must be a paperless customer for this Money Market Account, which means that while this account is open, you’ll need to be actively enrolled (i.e., applied and confirmed) in Quontic Bank Online Banking. This means that if you opt for paper statements to be mailed to you monthly, you will be charged $5 per month. You can save a tree by choosing only for electronic statements. You can also view your account statements and activity online. You may change how you receive your report at any time by changing your statement preference within online banking.

Are there ATM Fees?

When you use your Quontic Bank Master Card^® Debit Card at any of 55,000+ AllPoint^® Network ATM’s, 28,000+ MoneyPass Network ATMs, 7,000 SUM^® program ATMs, or at nearly 700 Citibank^® branch ATMs, you won’t need to pay ATM surcharges!

How is my interest calculated?

Interest is compounded daily and credited to your account monthly. Interest is calculated using the daily balance method. This method applies a daily periodic rate to the principal.

When is interest paid?

You will start earning interest the business day we receive your opening deposit. Interest will be paid once per monthly statement period.

Will my rate/APR change if my balance changes?

Yes, your rate will be determined based upon whether your balance is below $4,999.99, from $5,000 to $149,999.99, or $150,000+.

Contact Us Today

If you have any questions or require additional information, you can reach us via live chat, phone, our online form, or by emailing [email protected].

Live Chat

Chat directly with our customer service agents.

Call

Call us directly using the number below.

Email Us

Please fill out the form below.

Disclaimer:

Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. Some accounts may require a minimum average daily balance for the statement cycle to avoid service charges. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply. There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply. Information is accurate as of the date listed below and may change without notice.

Online Account Opening is only available to consumers. Ask for details. Data connection required to open an account online. Wireless carrier fees may apply. Application is subject to approval & further review.

June 30, 2020

¹ Money Market accounts & savings accounts are subject to excess withdrawal fees processed over the six allowed transactions per statement cycle.

Money Market

Business Account

Grow Your Business.

Focus on your business and we’ll take care of the rest.

A Quontic Bank Money Market Account¹ helps you grow your balance while saving for scheduled purchases or unforeseen expenses. Let us focus on growing your savings, so you can focus on building your business.