Quantum National Bank

Residents of Georgia can get a  Quantum National Bank Hi-Rate Money Market with a rate of 1.7% annual percentage yield (APY) on deposits of $100,000 and up.  Other money market rates are available for smaller balances. Details of the money market deals include:

• Minimum opening deposit of $100
• Simple interest paid monthly
• Money market rates can change at any time
• Fees could reduce earnings on the money market
• Check writing available

To avoid paying a $12 monthly fee on money markets, accounts must have a minimum average daily balance of $1,500. You also are charged a $10 excessive withdrawal fee if you make more than six external withdrawals per statement cycle. The bank does not limit the number of automatic loan payments, ATM, or in-person withdrawals.

There are some limits on the number of daily transactions with ATM cash cards and debit cards. You can withdraw up to $400 through ATMs in any one day. Also, you can purchase $1,500 worth of goods and services each day through the bank’s point of sale service.

Quantum offers a free bill pay service and pre-authorized deposits can be set up for money market accounts. You also can access account information online or by phone.

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