How often can the Annual Percentage rate change?
We may change the advertised Annual Percentage Yield rate any time without notice.
What is a Certificate of Deposit (CD) account?
A CD is a savings account with a fixed interest rate and a set term. You agree to leave your money in the account for that period—typically a few months to several years—in exchange for a higher return than a regular savings account. CDs offer a secure, predictable way to grow your savings.
How can I add additional funds to a Certificate of Deposit (CD)?
Once your CD is opened, additional deposits cannot be made during the term. However, when your CD reaches maturity, you’ll have a 10-day grace period beginning on the maturity date to add funds. During this grace period, you can: This grace period gives you the opportunity to add funds to your CD before it renews […]
Is there a maximum amount I can deposit into a Certificate of Deposit (CD)?
The maximum deposit to open a CD is $1,000,000.
What is the minimum opening balance for a CD?
The minimum deposit required to open a CD is $500.
What types of CDs does Quontic Bank offer?
Quontic offers a variety of Certificate of Deposit accounts. To learn more about the different terms and options, please visit our https://quonticdotbank.wpenginepowered.com/banking/savings/certificates-of-deposit/