Quontic
High yield. Guaranteed return
4.5
4.5
MoneyAtlas
Rating
FDIC Insured to the maximum legal limits
Open your account in 3 minutes or less
Only $500 required to open
Pros
Low minimum deposit requirement: Quontic CDs can be opened with just $500
Competitive APY: Quontic offers a 3.75% APY on its 6-month CD
FDIC insurance up to $250,000: Quontic CD accounts are FDIC-insured
Cons
Strict early withdrawal penalties: Quontic imposes hefty penalties for early withdrawals
Limited CD term options: Quontic notably lacks a 4-year CD option
Entirely online banking experience: As a primarily digital bank, Quontic has no physical branches for in-person service