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Grateful
Grateful

Chuck, the APY is now 1.1% and no longer has a balance limit. That is according to the best case as stated in the 3 rate tiers listed having the same APY. The top portion text above that still shows what you show except with 1.1% and the disclaimer in fine print has different APYs for the tier levels with effective date of 5/27. I don’t know which of the 3 is correct.

Jamie Martin

Could I load up my Amazon account 10x$10 per month and meet the criteria?

Mikey
Mikey

You don’t need to overload your Amazon account. I use my Quontic debit card at the grocery store. It doesn’t take much to reach $10 and we all need food throughout the month. The tradeoff as I’ve mentioned elsewhere is the $5 you would instead earn on a 5% grocery cashback card. Doesn’t bother me one bit.

Docfin
Docfin

Mikey
Quontic has some really bad reviews at https://www.depositaccounts.com/banks/quontic-bank-fsb.html#reviews
Specifically, utter incompetence on the part of Quontic staff. What has your experience been like?

N M
N M

Well, I hope the rate lasts a long time. I opened an Axos account when they offered 1%, and then they dropped the rate within 30 days.

Mikey
Mikey

If you give Quontic exactly ten $10 purchases (and I’ve been very close to that most months) you’re talking roughly $100 in purchases which *might* have earned you about $5 on a 5% cashback card. I’ll take that tradeoff gladly with rates where they are now.

Straybullet
Straybullet

It’s sad when we consider 1% high yield, when they turn around and charge average consumers 18.99%