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.

State Farm Bank reimburses for fees charged at non-State Farm Bank ATMs. Fees are reimbursed if you have a direct deposit into the account you are withdrawing money from. If you do not have a direct deposit into that account, State Farm Bank will reimburse up to $10 each month in ATM fees.

A variety of different accounts are available through State Farm Bank. They offer a regular checking account and an interest-earning checking account. Savings and money market accounts are available. Accounts for minors, education, and retirement accounts are offered. CD terms range from 12-months to 5-years.

Most State Farm personal deposit accounts have low opening amounts. The saving account requires $100 to open. The regular checking account only requires $25. To open the interest checking account requires $100. Each of the different CDs requires $500 to open.

The State Farm Bank money market account offers a competitive interest rate. That account offers interest that is competitive with other online accounts. After the introductory period, met the qualifications to earn the competitive rate.

State Farm Bank accounts have a monthly fee and required balances to keep in the accounts. The fees range from $3 to $10 each month. The amounts required to keep in the accounts ranges from $100 to $500 for personal accounts. Having an electronic direct deposit into the account each month will waive the monthly fees.

The State Farm Bank money market earns competitive interest, but it has the highest required balances. To open this account requires $1,000. Waive the fee for this account by having a direct deposit into the account and keeping a $500 balance.

The most competitive rate is only an introductory rate for the money market account. You will receive the introductory rate for the first five billing cycles. After that time, if you have another State Farm qualifying account, you will earn the Relationship Rates which are lower, but still competitive.

State Farm Bank limits how much money you can withdraw from an ATM each day. The limit for State Farm Bank personal deposit accounts is $500 per day. There is also a limit to how much you can make in purchases each day. The purchase limit for debit cards is $3,500 per business day.

Read the full State Farm Bank review.