Dedicated to Deposits: Deals, Data, and Discussion

4.00% 8-Month CD at a Multi-State Bank (First Republic)


First Republic Bank
Update 8/08/08: The special 8-month CD yield has gone up from 3.95% to 4.00% APY. The title has been modified to reflect this change.

First Republic Bank is offering a 3.95% APY 8-month CD. The minimum deposit is $5,000. The bank is still offering other competitive CD rates that I reported on previously including a 3.75% APY 10-month liquid CD (see post) and a 5.00% APY 60-month CD (see post).

These rates are listed in the bank's rate table for certain parts of the country. You have to enter your zip code to see the table. It appears to be available in all of the areas where they have branches. I've confirmed the rates for zip codes in New York, California, Nevada and Massachusetts.

First Republic has branches located in ten major metropolitan areas: San Francisco, Los Angeles, Santa Barbara, Newport Beach, San Diego, Las Vegas, Portland, Seattle, Boston and New York City.

First Republic is a division of Merrill Lynch Bank & Trust Co., FSB which is a member FDIC (FDIC Certificate # 34571). It has $31 billon in assets as of 3/31/08. BauerFinancial gives the bank 3 stars (adequate) based on 3/31/08 data. gives it only 2 stars (below peer group) based on 3/31/08 data.

Thanks to the reader who emailed me news of this CD. If you find any good deals, please leave a comment in my Finding the Best Deals post.

Other High Certificate of Deposit Rates

The best nationwide 8-month CD is currently 4.25% APY at WaMu (see post). There's also a 4.11% APY 7-month CD at Bank of America. For other high yield CDs, please refer to my latest weekly rate summary.

  Tags: Massachusetts, New York, Nevada, California, Washington, Oregon, First Republic Bank, CD rates

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Comment #1 by Anonymous posted on
I think Banking Guy is saying that he'd rather have us leave tips in this blog than by emailing them. :)