For additional terms & conditions that apply to your account (such as fees, how interest is calculated & early withdrawal penalties on CDs) please see your account agreement & fee schedule for your account. IRA & Personal CDs are only available to consumers. The interest rates & Annual Percentage Yields (APYs) listed in this deposit rate sheet are effective on the date shown above and apply to accounts located in New York. The interest rate & APY on non-term accounts can change at any time without notice.
- Power Business Interest Checking: (1) Minimum opening balance of $25,000 in new money is required & the new money cannot be funds held by Quontic Bank; (2) Must maintain an average monthly balance of $25,000 to avoid $15 service charge; (3) This is a tiered account wherein 1.01% APY interest paid for accounts maintaining a minimum daily balance of $25,000 or more & 0.25% APY interest paid for accounts maintaining a minimum daily balance below $25,000; (4) Account must be opened by December 31, 2017; & (5) This checking account is only available to businesses located in New York City, Nassau & Suffolk County. Interest rates may change after the account is opened. Fees could reduce earnings. Interest will compound daily & credit monthly. If account is closed before interest is credited, accrued interest will be forfeited for that statement cycle. Deposit limits & other restrictions may apply. Additional terms, conditions, fees, exclusions, restrictions & limitations may apply. Information is accurate & effective as of September 13, 2017 & subject to change without notice.
- Annual Percentage Yield (APY).
- Money market accounts & savings accounts are subject to excess withdrawal fees processed over the six allowed transactions per statement cycle.