RBMAX

Deposits held and insured by Republic Bank

Overview / Commentary
800-414-2056
601 West Market Street
Louisville, KY 40202
Deposits held and insured by Republic Bank

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RBMax Max Interest Savings 5.00% APY - 8/16/2023

RBMax is a division of Republic Bank (the Republic Bank that's out of Kentucky). RBMax Max Savings Account is 5.00% APY for balances up to $249,999.99. I am not at all recommending this account because we can get above 5% APY at other places. I am only posting this for information purposes, as it is not at DA yet. A CSR told me on the phone that ACH transfer limits in & out initiated at RBMax are $45,000 daily, with a monthly limit of $75,000; however, don't be surprised if the info provided turns out to be inaccurate. (I did not want to wait on hold while the rep had to contact their digital banking dept. to confirm...and especially since I doubt most would choose this account since we can get higher elsewhere.) Unlimited amount of withdrawals. No minimum balance required. $10 to open. Available nationwide. You can have more than $249,999.99 in the account, but the overage earns only 0.50% APY. Paper statements cost $4.00 per month. They also offer a checking account, but there

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Health
A

Data as of Q2 2023

Data displayed below is for insuring bank: Republic Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #23627
Year Established1982
Employees1043
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.59%
Return on Equity - YTD11.58%
Annual Interest Income$179.2MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$6.36B$6.10B
LoansQ2 2023vs Q2 2022$5.01B$4.34B
DepositsQ2 2023vs Q2 2022$4.77B$4.85B
Equity CapitalQ2 2023vs Q2 2022$846.0MM$814.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$72.2MM$64.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$17.5MM$16.2MM
Real Estate OwnedQ2 2023vs Q2 2022$1.5MM$1.7MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

RBMAX Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.15%*-$250kMax Interest Savings
OTHER TIERS: 0.50% $250k+
Locations

RBMAX is an Internet only bank and does not have branch locations. Its headquarters is located at 601 West Market Street - Louisville, KY 40202

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.