Quontic Bank announced a special offer for shoppers in search of savings on Black Friday 2017: a personal savings account that pays an annual percentage yield of 1.40 percent — far more than traditional banks.
The high-yielding savings account must be opened in-person at Quontic Bank’s Astoria branch in New York City on Black Friday, Nov. 24, until 1 p.m. The Astoria branch is located off the Broadway subway stop on the N/W line at 31-05 Broadway.
The Black Friday special can only be obtained with new money and new money cannot be funds held by Quontic Bank. The minimum to open the account is $10,000.00. This is a tiered account; 1.40% APY for accounts maintaining a minimum daily balance of $10,000 or more, 0.50% APY for accounts maintaining a minimum daily balance of $9,999.99-$99.99 and 0% APY for accounts with a daily balance of less than $100.00.