Quorum's HighQ Savings account pays one of the top APYs in the country — up to 4.05% — with no monthly fees and full NCUA insurance to $250K.
PickYourBank Rating
9.4
Overall
9.7
APY
9.6
Fees
9.0
App
9.1
Service
4.05%
HighQ APY
$1
To open
$0
Monthly fees
$250K
NCUA coverage
Quorum Federal Credit Union has served members since 1934 and now operates as a fully digital credit union with $1.2B+ in assets.
Membership is open through partner organizations — once you join, you get access to one of the most competitive savings APYs in the country.
Founded
1934
HQ
Purchase, NY
Charter
Federal credit union
Reach
Nationwide
FDIC insured
Up to $250K per depositor, per ownership category
Bank-grade security
256-bit encryption + multi-factor login
Top-rated mobile app
Deposit checks, transfer, freeze your card instantly
Competitive APY
Designed to keep up with the highest online rates
Here's what Quorum offers and who each product is best for.
Top-of-market APY with $1 to open.
4.05% APY · $1 minimum · $0 monthly fees
Lock in higher rates for 3–60 months.
Fixed APY across multiple terms
Takes about 5 minutes — no hard credit pull for deposit accounts.
Standard ID verification, usually instant.
Link an existing bank or transfer any amount via ACH.
Interest compounds and posts every month — no minimums to keep.
Yes. Quorum is FDIC-insured (directly or through partner banks), with deposits insured up to $250,000 per depositor, per ownership category.
No monthly maintenance fees on the core account. Standard third-party fees may apply for things like out-of-network ATMs or wire transfers.
No. You can open the account with any amount and there's no minimum balance required to keep it open.
Link an external bank to ACH transfer in, set up direct deposit, mobile-deposit a check, or do a wire transfer.
Yes. You can close the account at any time with no penalty. Move your balance via ACH or wire to your new bank.
If you're chasing the highest possible APY on a no-fee savings account, Quorum is among the best options available right now.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
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