Republic Bank of Chicago

Overview / Commentary
2221 Camden Ct
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 428th largest bank in the nation. It was established in 1964 and as of March of 2023, it had grown to 283 employees at 19 locations. Republic Bank of Chicago's money market rates are 12X the national average, and it has an A health rating.

Related Posts

Republic Bank of Chicago Digital Money Market Rate Almost At The Top - 7/27/2023

Republic Bank of Chicago Digital Money Market has a near rate-leading APY. Available nationwide except in IL, IN, MI, and WI. $2.5k min deposit of new money.

Digital Savings Now 5.21% APY - 7/20/2023

Just got an email on this

Thanks For All The Great Deals, Folks! - 5/6/2023

I've been a daily reader of Deposit Accounts for years and owe Ken big thanks and gratitude for his posting of the best deals in the country and always astute analysis, too. However, it's just in the past wild year of interest rate hikes that I have also found this section and truly appreciate all of you for helping find the most competitive offers quickly. I've been able to get in on several before the customer service crush which can crash banking systems, customer service, and patience. For the past six months, Republic Bank has been my go to for liquid money due to several advantages I have found. First, they credit a flat $35 for incoming wires from the other bank. Second, a real person picks up the phone fast, and third, they are truly helpful and nice folks. They raised to 4.75% the other day. While no longer the very top in the country, it's easy to bank with them and get money in and out via ACH or wire fast. By the way, if you don't already know, most of the time I find tha

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Posted by: |

I can’t say enough good things about this bank. Everyone whom I have dealt with has been incredibly professional, polite, & a pleasure to deal with. My representative whose name is Christine W., is absolutely a delight. She makes having business dealings a wonderful experience. Look no further than the professionals at Republic Bank of Chicago.

Stu N.

Eight Month Update: Republic Bank Of Chicago

Posted by: |

One positive to holding money here is the ease in reaching a real person on the phone quickly. A couple of early advantages are now gone. For several months Republic was among the national leaders. Now they have slipped behind and appear to have no interest in catching up. While the current 4.75% money market rate is still respectable it is no longer at the threshold I need (5% minimum).

Also, Republic used to waive wire fees in and out. That great policy was quietly removed last spring.

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.

Calling A Cheerleader

Posted by: |

Opening an account with Republic Bank is like trying to get a date with a cheerleader in highschool. Every time you call you get another excuse. Finally, you get the picture and give up.



Health Grade Components

FDIC Certificate #19333
Year Established1964
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD11.92%
Annual Interest Income$31.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.72B$2.45B
LoansQ1 2023vs Q1 2022$1.62B$1.45B
DepositsQ1 2023vs Q1 2022$2.30B$2.12B
Equity CapitalQ1 2023vs Q1 2022$272.6MM$258.8MM
Loan Loss AllowanceQ1 2023vs Q1 2022$26.3MM$22.6MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$11.8MM$18.1MM
Real Estate OwnedQ1 2023vs Q1 2022$5.8MM$4.9MM
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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

0.10%$25-Statement Savings
0.10%$25-Starter Statement Savings
0.10%$1k-Commercial Statement Savings

Republic Bank of Chicago Money Market Rates

5.21%$2.5k-Digital Money Market - New Money
4.50%--IRA Money Market
0.10%$2.5k-Executive Money Market
0.10%$2.5k-Business Select Money Market
0.10%--Business Money Market

Republic Bank of Chicago Checking Account Rates

3.91%$10k-Power Index Account
3.91%$10k-Commercial Power Index
2.00%-$15kChoice Checking
0.10%$1.5k-Republic Platinum Checking
0.10%$1k-Commercial NOW

Republic Bank of Chicago CD Rates

5.02%$1k-13 Month CD Special - New Money
1.50%$1k-60 Month CD
1.50%$1k-4 Year CD
1.50%$1k-36 Month CD
1.25%$1k-24 Month CD
1.25%$1k-30 Month CD
1.00%$1k-18 Month CD
0.75%$1k-9 Month CD
0.75%$1k-12 Month CD
0.50%$1k-3 Month CD
0.50%$1k-6 Month CD

Republic Bank of Chicago IRA Rates

1.50%$1k-36 Month IRA
1.50%$1k-48 Month IRA
1.50%$1k-60 Month IRA
1.25%$1k-24 Month IRA
1.25%$1k-30 Month IRA
1.00%$1k-18 Month IRA
0.75%$1k-9 Month IRA
0.75%$1k-12 Month IRA
0.50%$1k-3 Month IRA
0.50%$1k-6 Month IRA


Chicago Area

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