Republic Bank of Chicago


Overview / Commentary
630-928-1505
2221 Camden Court
Oak Brook, IL 60523

Republic Bank of Chicago is headquartered in Oak Brook and is the 22nd largest bank in the state of Illinois. It is also the 452nd largest bank in the nation. It was established in 1964 and as of June of 2022, it had grown to 257 employees at 19 locations. Republic Bank of Chicago's money market rates are 6X the national average, and it has a B+ health rating.

Related Posts

Republic Bank Of Chicago Raises Digital Money Market To 2.76% APY - 9/21/2022

https://republicebank.com/ They also offer an IRA Money Market at 3.31% APY.

Republic Bank of Chicago Unveils Digital Money Market In 46 States - 8/25/2022

Republic Bank of Chicago has added a Digital Money Market account available online in all states except IL, IN, MI, and WI. $2.5k min opening deposit of new money.

2.26% Digital Money Market - 8/13/2022

I received an e-mail from Republic Bank of Chicago for their Digital Money Market account. I didn't think much about it, as the title was Earn 1.47% with our Digital Money Market. The e-mail body had the current 2.26% APY. I believe this is really a savings account, as there is no mention of checks or check writing ability. $ 2500 minimum to open, to earn the 2.26% APY and to avoid the $ 25.00 monthly maintenance fee. I have not seen any discussion of the account on Deposit Accounts and it is not listed in Ken's Latest Liquid Bank Account Rates blog, where it would have been in 4th place. Direct link to the account info page: https://republicebank.com/personal/digital-money-market/

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Reviews (3)

Nicest Bank

Posted by: |

I have been going to this Bank in Lincolnwood since 1967 when it was called Bank Of Lincolnwood & continued on after Republic Bank took over in 2008. I want to say that these are the nicest people who work at this Bank, & always have time to take care of their customers. Always pleasant & helpful. The best in customer service. U really feel good ?? that there are such caring people. I live now in Park Ridge, about 5 miles away, & while I wish they were closer for convenience, have no problem making the trip to this branch. Open an account & stick with them. U will be happy.

What A Mess

I recently opened a new account from a webpage ad for this bank as they have a good interest rate. I called and spoke to several people in Chicago and they couldn't have been nicer, answered my questions, and were so nice made me want to visit Chicago! Then the microdeposits when through and I clicked on the link in the email they sent to open the account. Using the activation code, etc provided, it said "no such code exists" and other error messages. I tried refreshing the browser, etc etc and nothing worked. Then the problem started. I called and spoke to a woman who had no idea what I was talking about. She said she was in the online banking dept. but she was no help at all, and I was very courteous and patient as it's not her fault she's not properly trained. So I tried a different person and lady #2 was the first person I ran into that wasn't very nice. She also couldn't help me. I remained calm and courteous and ended up with a dial tone, the signal a cust ser rep gives you when they can't help you and they just give up, or if you are rude they hang up on you. So I tried lady #3 and she was GREAT. She said YOU ARE NOT THE FIRST CALL ON THIS, WE'VE GOTTEN OTHER CALLS ON THIS, WE KNOW WE HAVE A PROBLEM AND WE'VE SENT NOTES TO MARKETING TO GET THEM TO FIX IT FOR SOMETIME. Great. So they want me to trust them with my money online with no local branch for me to go to as I live in Idaho, and they can't even figure out how to establish new accounts without a big huge mess and numerous phone calls to poorly trained employees. Thank God I was able to finally get through to a rep who knew WTF she was doing. What a mess. I'm a senior citizen disabled veteran and frankly I don't need this stress in my life.

Horrible Service And Horrible Republic Bank Of Berkeley IL

Posted by: |

this bank is horrid! they are flat out liars and dont follow through with things, my husband went in there to deposit a check and they wouldnt let him, i am living out of state from him so they told him to have me sign it and they will deposit it! it was endorsed and they told him when he was there they would do it as soon as i signed it! well i did so and sent it to my husband for it to be deposited they refused to do it! it was a tax check, which means that there was no way for it to not be good! weve done it before and now all of a sudden they cant! which is flat out ridiculous! my husband and i have always done this and we were treated very badly by them! Their rates are terrible and you dont save with them! someone who wasnt even the manager was snooty to us so we are done with these liars!



Health
B+

Health Grade Components

Overall
FDIC Certificate #19333
Year Established1964
Employees257
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.45%
Return on Equity - YTD13.83%
Annual Interest Income$41.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.43B$2.60B
LoansQ2 2022vs Q2 2021$1.47B$1.46B
DepositsQ2 2022vs Q2 2021$2.11B$2.19B
Equity CapitalQ2 2022vs Q2 2021$253.7MM$253.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$22.3MM$24.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$16.5MM$23.9MM
Real Estate OwnedQ2 2022vs Q2 2021$7.8MM$9.6MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Republic Bank of Chicago; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Republic Bank of Chicago Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Passbook Savings
0.05%$25-Statement Savings
0.05%$25-Starter Passbook Savings
0.05%$25-Starter Statement Savings
0.05%$1k-Commercial Statement Savings

Republic Bank of Chicago Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.31%--IRA Money Market
2.76%$2.5k-Digital Money Market - New Money
0.10%*-$5mBusiness Money Market
OTHER TIERS: 0.05% $5m+
0.05%$2.5k-Executive Money Market
0.05%$2.5k-Business Select Money Market

Republic Bank of Chicago Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%-$15kChoice Checking
1.25%$10k-Power Index Account
1.25%$10k-Commercial Power Index
0.05%$1.5k-Republic Platinum Checking
0.05%$1k-Commercial NOW

Republic Bank of Chicago CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$1k-60 Month CD
0.40%$1k-4 Year CD
0.35%$1k-30 Month CD
0.35%$1k-36 Month CD
0.30%$1k-24 Month CD
0.25%$1k-18 Month CD
0.05%$1k-3 Month CD
0.05%$1k-6 Month CD
0.05%$1k-9 Month CD
0.05%$1k-12 Month CD

Republic Bank of Chicago IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$1k-60 Month IRA
0.40%$1k-48 Month IRA
0.35%$1k-30 Month IRA
0.35%$1k-36 Month IRA
0.30%$1k-24 Month IRA
0.25%$1k-18 Month IRA
0.05%$1k-3 Month IRA
0.05%$1k-6 Month IRA
0.05%$1k-9 Month IRA
0.05%$1k-12 Month IRA
Locations

Availability



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