Quontic

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

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