Dedicated to Deposits: Deals, Data, and Discussion

2.80% 2-Year CD & Other Competitive CD Rates at First Republic Bank in Several States


First Republic Bank
First Republic Bank still offers a few good CD deals. Rates continue to fall, but they remain competitive. Most of the top rates are CDs with mid and long terms. These include 2.80% APY for 2 years, 3.15% APY for 3 years, 3.50% APY for 4 years and 3.75% APY for 5 years. Minimum deposit is $5,000. There's also a 11-month liquid CD with a fair rate of 2.10% 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 6/10/09 for certain parts of the country. You have to enter your zip code to see the table. The above rates were based on a Los Angeles zip code. In the past these rates have been the same for 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). Merrill Lynch was acquired by Bank of America last year, and a reader mentioned in the last post that Bank of America has let it be known in February that it seeks to sell First Republic. I haven't seen any updates on this.

Merrill Lynch Bank & Trust Co.'s financial ratings for soundness are fair: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Both ratings are based on 12/31/08 financial data.

Thanks to the reader who mentioned these latest CD rates in the Daily Deals & News Post.

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

Related Posts

Comment #1 by Anonymous posted on
Homestreet Bank has a better rate for 2 years at 2.90% APY. Try:


Comment #2 by stella (anonymous) posted on
Just wanted to let you know that to the right of this post, one of the Google ads was for a sketchy looking Mexico bank... It's kind of ironic and unfortunate that these ads would show on your site.

12% APR 90 day CD
14% one year - 18% three years Free Guide High Yield Pawn Banking

Anyway, I don't usually comment, but I just wanted to say thanks for all the research and info. I read here regularly. This blog is a gem.