Quontic accounts earn competitive interest rates. These account rates are competitive with other online accounts. The interest rates are much higher than typical bank interest rates.

The required opening amounts for Quontic accounts are low. The regular savings account requires $100 to open. The checking account and money market account requires $500 to open. Each of the CD terms require $1,000 to open.

There are a variety of accounts offered through Quontic. They offer personal savings, checking, and money market accounts. They also offer personal CDs and IRA CDs. Quontic offers business accounts. Those include business checking and savings accounts. Quontic offers personal and business lending options, including reverse mortgages.

The Quontic checking account does not have a monthly fee. The money market account only has a fee if you receive a paper statement. That fee is $5 per month. If you opt into paperless statements, there will not be a fee on the account. Most Quontic accounts do not have a minimum balance required to keep in the account to avoid the fees. The regular savings does have a $3 fee if your account balance falls below $100.

Quontic accounts have tiered interest rates. To earn competitive rates on accounts requires a high account balance. To earn the highest rate for the MMA requires a balance over $100,000. The regular savings account requires a balance of $250,000 to earn the most competitive rate. Amounts over $5,000 for the MMA earn competitive interest rates, just not the highest. The regular savings account requires a $50,000 balance to earn a competitive rate.

The Quontic checking account earns very competitive interest rates. To earn those rates, you must meet the requirements. You must have 15 point-of-sale debit transactions and one ACH transaction in or out of the account. You must meet these requirements each statement cycle. If you do not meet these requirements, you will not receive the competitive rates.

Quontic Bank has limited CD terms available. They do not offer a CD term shorter than 12-months. The longest CD term is a 60-month term. There are five total CD terms available with Quontic Bank. Each CD requires $1,000 to open. The CDs and IRA accounts are only for personal deposit accounts.

Quontic offers over 90,000 surcharge-free ATMs. If you use an ATM not in their network, Quontic will not reimburse you the ATM fee. The ATMs in their network include AllPoint, MoneyPass, and SUM. The ATMs at Citibank branches are also included.

Read the full Quontic review.

There are a variety of accounts available from GTE Financial. They offer personal savings, checking, and money market accounts. They offer personal CDs, loans, and credit cards. They also offer business accounts and accounts specifically for students.

GTE offers CDs and a checking account with competitive interest rates. The rates are competitive with online accounts. These account interest rates are much higher than typical bank rates. To earn the most competitive rate on the checking account, you must meet set requirements. That includes receiving eStatements, having a direct deposit over $500, and 15 debit card transactions each month.

GTE accounts have low amounts required to open. The savings accounts only require $5 to open. To earn interest requires $100. Each of the CD terms require $500 to open. The checking accounts do not have a required amount to open.

GTE Financial CDs offer an Add-On Feature. This allows you to add money any time during the CD term. You must add at least $20 each time you add money to the CD. Sometimes there is a limit of $6,000 you can add to the CD. GTE Financial offers promotions where there is not a cap on the amount you can add to the CD.

Before you can open an account with GTE Financial, you must first become a member of the credit union. You are eligible to join if a family member is a member of the credit union or if you work for a specific company. Your business can join, and living in certain areas makes you eligible to join. If these don’t work, you can join CU Savers, a non-profit educational financial club. There is a one-time $10 fee to become a member.

GTE Financial has daily withdrawal limits. You can withdraw up to $500 per 24-hour period from an ATM. There is a $5,000 limit that you can transfer from another bank into a GTE Financial CD.

The money market account with GTE Financial has tiered interest rates. To earn the most competitive rate on your money requires a balance of $100,000. Balances below this amount earn interest, just not the most competitive rate.

Most GTE Financial accounts have monthly maintenance fees. The checking account fees range from $4.95 to $9.95 each month. The Go Premium checking account has a fee of $4.95. There is no way to waive this fee. You can pay the fee with Go Points, but you cannot waive the monthly fee. There are ways to waive the other checking account fees.

Read the full GTE Financial review.