Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
First Republic Bank2.00%$10k$1m6 Year CD
First Republic Bank1.90%$10k$1m5 Year CD
First Republic Bank1.50%$10k$1m4 Year CD
First Republic Bank1.10%$10k$1m3 Year CD
First Republic Bank0.70%$10k$1m2 Year CD
First Republic Bank0.40%$10k$1m18 Month CD
First Republic Bank0.25%$10k$1m12 Month CD
Accounts mentioned in this post. Rates as of July 23, 2014

Competitive Mid-Term CD Rates at First Republic Bank in Several States

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First Republic Bank

It has been a while since I reported on First Republic Bank. Its CD rates have finally changed for the better to make it noteworthy. The bank now has a few competitive CD rates. The two best ones are a 1.30% APY 2-year CD and a 1.20% APY 18-month CD. Minimum deposit is $5,000. Below is the list of all of the competitive CD rates as listed at the bank's rates page as of 5/2/2012:

  • 1.75% APY 6-year CD
  • 1.60% APY 5-year CD
  • 1.50% APY 4-year CD
  • 1.40% APY 3-year CD
  • 1.30% APY 2-year CD
  • 1.20% APY 18-month CD
  • 1.00% APY 1-year CD

Rates may vary by location. You have to enter your zip code to see the table. The above rates were based on San Francisco and Los Angeles zip codes. In the past these rates have been the same for all of the areas where they have branches.

According to the account disclosure, the early withdrawal penalty is 3 months of interest for CDs with terms of 1 year or less and 6 months of interest for CDs with terms over 1 year.

First Republic Bank branches are located in several major cities in California, Oregon, Massachusetts, Connecticut and New York. The cities include San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City.

Bank Overview

First Republic used to be a division of Merrill Lynch. After Merrill Lynch was acquired by Bank of America, First Republic was sold off to a group of private investors. It became a public company in December 2010.

The bank has an overall health score of 5 stars (out of 5) with a Texas Ratio of 1.16% (excellent) based on December 2011 data. Please refer to our financial overview of First Republic Bank for more details. The bank is an FDIC member (FDIC Certificate # 59017).

How These CD Rates Compare

The best 18-month CD rate that's nationally available is 1.20% APY at KeySource Commercial Bank. The best 2-year CD rate is 1.36% APY at Melrose Credit Union. These rates are accurate as of 5/2/2012.

Searching for Top CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.


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

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