Dedicated to Deposits: Deals, Data, and Discussion

3.25% 2-Year CD & Other Competitive CD Rates at First Republic Bank in Several States


First Republic Bank
Update 4/25/09: The 2-year CD rate has fallen to 3.05% APY. Please check the bank's website for the latest rates.

First Republic Bank is offering several competitive CD rates. Most of the top rates are CDs with mid and long terms. These include 3.25% APY for 2 years, 3.50% APY for 3 years, 3.75% APY for 4 years and 4.00% APY for 5 years. There's also one good short-term CD. It's a special CD with a 2.25% APY for a 5-month term. Minimum deposit is $5,000. There's also a 10-month liquid CD with a fair rate of 2.15% APY. Minimum deposit is $10,000. Refer to this previous post for details about the liquid features.

These rates are listed in the bank's rate table as of 4/05/09 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 nine major metropolitan areas: San Francisco, Los Angeles, Santa Barbara, Newport Beach, San Diego, Las Vegas, Portland, 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 fair: 3 stars (adequate) at BauerFinancial (based on 12/31/08 data) and 3 stars (performing) at (based on 9/30/08 data).

Thanks to the reader who emailed me news of these CDs.

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.

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

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Comment #1 by Anonymous posted on
BofA let it be known at the end of February that it seeks to sell First Republic. Beyond the deposit percentage problem and its conflict with US Trust, BofA needs cash.

Comment #2 by Bozo (anonymous) posted on
To: All
Re: First Republic

We've had a banking relationship with First Republic for over 20 years. I was first attracted to their above-average CD rates. Later, we obtained a loan for our condo in Maui and a HELOC on same from them. Very nice to deal with. I had some concerns about the transition to ML then to BofA, but no apparent impact on their service. I wish them luck going private.