Quantum National Bank started in 1995 and has its headquarters in Suwanee, Georgia. Quantum National Bank manages assets of $443 million along with $391 million in deposits, ranking it as a medium-size bank. Quantum National Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset experts rated the bank 3.9 stars out of 5, indicating that Quantum National Bank is a good bank that warrants your consideration. Quantum National Bank provides customers with the complete package of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Quantum National Bank has a fair savings rate; you can find higher rates with other banks. Institutions that offer free checking as well as a high savings APY are the best bet for gaining the most income on your deposits alongside easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Quantum National Bank has a savings rate of 0.20%, which is poor compared to the national average. Quantum National Bank's one-year CD has a rate of 0.55% and the five-year CD earns at a rate of 1.36%, while its highest-yielding money market account earns at an APY of 0.50%. Given Quantum National Bank's below average savings rate, you should consider looking at the competition to open savings accounts.
How Quantum National Bank's Savings Rates Compare
There is insufficient data on Quantum National Bank's fees to provide a full SmartAsset rating.
Quantum National Bank is a brick-and-mortar bank, with three total branches in Georgia. With mobile and web apps, Quantum National Bank makes account access easy, even on the go. Quantum National Bank's online and mobile banking services receive poor feedback from users. Out of 5 customer reviews across iOS and Android platforms, the Quantum National Bank mobile app rates a 3.0 out of 5 (compared to the national average of 3.8). You can use Quantum National Bank's app to manage your finances by monitoring account balances, transferring funds and reaching support representatives. Quantum National Bank gets an exceptional consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Quantum National Bank is currently a medium-size bank and has assets totaling $443 million as well as deposits totaling $391 million. Quantum National Bank's Texas Ratio is 0.00%, denoting that the bank is in terrific financial well-being and far from failure. Additionally, Quantum National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare Quantum National Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$100|
|Checking Account||0.1% APY||$10000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.5% APY 0.5% APY||$10000 $15000|
Quantum National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Quantum National Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Quantum National Bank's CD rates are fair compared to other U.S. banks.Back to Overview
Find a Quantum National Bank Near Me
Quantum National Bank has three locations in the U.S.Back to Overview