Dedicated to Deposits: Deals, Data, and Discussion

4.25% 13-Month / 4.00% 8-Month CD at First Republic Bank


First Republic Bank
First Republic Bank continues to offer some attractive CD specials. These include a 4.25% APY 13-month CD, a 4.00% APY 8-month CD and a 3.85% APY 5-month CD. The minimum deposit is $5,000. The bank is still offering a 3.75% APY 10-month liquid 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.

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). I'm not sure how Bank of America's acquisition of Merrill Lynch will affect First Republic Bank. Merrill Lynch Bank & Trust Co.'s financial ratings for soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Both ratings are based on 6/30/08 data.

Thanks to the reader who mentioned this bank in the Finding the Best Deals post.

Other High Certificate of Deposit Rates

The best one-year CD that's available nationwide continues to be at Delta Community Credit Union which is offering a yield of 4.50% APY (see post). For online banks, GMAC and E-LOAN are both offering 4.36% APY on their 12-month CDs. For more info on these and other nationwide CD rates, please refer to my weekly rate summary. To keep up-to-date on the latest deals for the day, please refer to my Deals & News of the Day.

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

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Comment #1 by Anonymous posted on
First Republic advertises great customer service, but don't bother e-mailing them with questions. You'll get a canned answer "ask your personal banker."

Comment #2 by Anonymous posted on
A few weeks ago existing FRB customers got a letter pointing out the new FDIC limits. The letter said if you brought the letter in you'd get a bonus 25 basis points on a new CD, so I got the liquid CD at 4.00% APY. It might have had a 50k minimum balance for that bonus (they took the letter), but in any case I'm pretty sure the offer was set to expire on the 15th of this month.