The required amounts to open Quantum National Bank accounts are low. All the checking accounts and the saving account require $100 to open. The high rate money market account and CDs require $1,000 to open.

Quantum National Bank offers a High Rate Checking account. To open this account only requires $100. There is also a High Rate Checking account for senior citizens. You must be over 55 to open this account. To get the best rate offered you must meet requirements. You must have a minimum of 12 point-of-sale ATM or debit card transactions per month. You must also have one ACH debit or credit per statement cycle, and receive electronic statements.

Quantum National Bank has a variety of accounts. Those accounts include personal deposit and business accounts. Savings, checking, and money market accounts are available. CD terms range from seven-days to five-years. Quantum National bank offers credit cards and loans as well.

Quantum National Bank offers accounts for minors and senior citizens. The minor account only requires $1.00 to open, and there is no required minimum balance. The child receives a gift when they open the account and each time the child makes a deposit. The senior citizen High Rate Checking account is for those 55 or older. This account requires $100 to open. There is no required balance or monthly fee. If you meet the requirements, interest rates are competitive.

The interest rates offered on Quantum National Bank are low. The rates are slightly higher than some brick and mortar bank rates. Some Quantum National accounts offer more competitive rates than others. Most rates are not competitive with other online accounts.

Some Quantum National Bank accounts have monthly fees. The fees range from $5 to $15 a month. Waive the fees by keeping a set amount in the accounts. That amount ranges from $500 for the savings account, to $15 for the High Rate Checking account.

Most Quantum National accounts have tiered interest rates. To earn the most competitive rate requires a large balance in the account. The money market account requires $250,000 to earn the highest rate. The interest earning checking account requires $10,000 for the best rate. The 14-month CD term requires $100,000 to get the best rate.

Quantum National Bank accounts cannot be opened online. To open an account, you fill out a form and submit it to the bank. A bank representative will get in touch with you about the accounts. You can then stop by a branch location to open an account.

Read the full Quantum National Bank review.

CIBC offers a variety of accounts. These accounts include:

• iCan checking
• myChoice checking
• myChoice Prestige checking
• CIBC savings
• Agility savings
• CIBC money market
• CD terms
• Agility CDs 9, 12, 18, and 24-month terms
• Personal lending and retirement options
• Commercial and small business accounts and lending options

The CIBC Agility savings account offers competitive interest rates. This savings account requires $1,000 to open and does not have a monthly fee. The CIBC Agility savings account is an online-only account. The interest rates are competitive with other online-only savings accounts. They are much higher than typical brick-and-mortar banks.

CIBC accounts have low opening required amounts. The MMA and personal savings account require $50 to open the account. You must open these accounts at a branch location. The online savings account requires $1,000 to open. Regular CDs require $1,000 to open.

The myChoice checking account offers an interest rate bonus. This allows you to earn higher interest rates on your checking account balance. To earn the higher rates, you must meet a set amount. The amounts can come from a total of qualifying CIBC accounts. Those include myChoice checking account, money market and savings accounts. CDs and principal balances on personal loans count toward the balance total also. The more money you have in the accounts, the higher the bonus rate you receive.

Only one CIBC checking account earns interest. The CIBC myChoice Checking account is the interest-earning account. You must open this account at a branch location. If you have less than $5,000 in the account, there is a monthly fee.

Interest rates for CIBC accounts are not listed online. Only one CIBC savings account lists the interest rate for the account. The CIBC Agility offers competitive interest rates. The other CIBC accounts do not list the interest rates earned for their accounts. To open those accounts, you must visit a branch location.

Not all CIBC accounts can be opened online. To open a checking or savings account, or CDs, you must visit a branch location. CIBC has 46 branch locations in 19 states. The only accounts you can open online are the CIBC Agility savings account and Agility CDs. Those terms include 9, 12, 18, and 24-month terms

Most CIBC accounts have a monthly fee. To waive the fee, you must keep a set amount in the account. To avoid the checking account fees, you must have over $1,000 in the iCan account and $5,000 in the myChoice account. The savings account requires $250 to waive the fee, and the MMA requires $2,500.

Read the full CIBC Bank USA review.