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Higher Long-Term CD Rates in Several States at First Republic Bank


First Republic Bank has again increased its long-term CD rates, and now they are even more competitive. The 6-year CD rate increased 10 basis points to 2.35% APY. The 5-, 4- and 3-year CD rates increased by 25 basis points. The new rates are 2.25% APY for the 5-year CD, 2.00% APY for the 4-year CD and 1.50% APY for the 3-year CD. Minimum deposit is $10,000. These rates are listed at the bank's rates page as of 6/17/2014. Rates may vary by location. You have to select your region to see the CD rates. I have selected a few regions, and they all show these rates.

1.25%$10k$1mFirst Republic Bank6 Year CD
1.20%$10k$1mFirst Republic Bank5 Year CD
1.10%$10k$1mFirst Republic Bank4 Year CD
1.00%$10k$1mFirst Republic Bank3 Year CD
Accounts mentioned in this post. Rates as of May 24, 2016.

The CD early withdrawal penalities are listed in the account disclosure. Here's an excerpt from page 54:

Account Termination/Early Withdrawal Penalty - If we allow you to terminate a CD or make a partial withdrawal of principal prior to its maturity date, we may impose the following penalty on the amount withdrawn: (1) six months' interest for those CDs with a term of one year or less; and, (2) one year plus three months' (15 months) interest for those CDs with a term of more than one year. The early withdrawal penalty may be deducted, if necessary, from the principal sum of the CD.

Last year the bank was offering a rate bonus for a checking relationship. I called the bank in April, and I was told that they’re not offering that type of rate bonus. However, some branches may offer their own bonuses. So if you’re interested in these CDs, be sure to check with your local branch.


According to the bank CSR, new customers must visit a branch to open a CD. First Republic Bank branches are located in several major cities in California, Oregon, Massachusetts, Connecticut, Florida and New York. The cities include San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich, New York City and Palm Beach, Florida.

Bank Overview

DA member Shorebreak was a customer of First Republic Bank many years ago, and he described its background in the comments:

Looking at where they are located, First Republic Bank branches primarily serve high net-worth individuals. The bank has a substantial private banking clientele and a real estate mortgage department that specializes in jumbo loans. Especially for property markets like Palo Alto, California.

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 grade of an A+ with a Texas Ratio of 1.19% (excellent) based on March 2014 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

If you don’t mind banking online or by mail, you can get a slightly higher 5-year CD rate at three internet banks: Synchrony Bank, CIT Bank and EverBank. All three are offering 2.30% APY. This rate is accurate as of 6/17/2014.

To search for the best nationwide rates and the best rates in your state, please refer to our CD rates tables and our IRA CD rates tables.

Related Pages: First Republic Bank, New York, Boston, West Palm Beach, Los Angeles, Palm Springs, San Francisco Bay, Portland, San Diego, Santa Barbara, CD rates

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Anonymous   |     |   Comment #1
The 4,5 and 6-year CDs from First Republic Bank would fit nicely in a laddered portfolio of Certificates of Deposit.
Anonymous   |     |   Comment #2
As long as the forms, interest rate, etc. are not typos given the track record
Anonymous   |     |   Comment #3
"Being a long-standing customer of First Republic’s Los Angeles and Palm Desert, Calif. branches, I’ve discovered that, by opening a $5,000 minimum balance checking account and making one bill payment from it a month, I qualify for a 0.30% rate bump-up on a new CD, plus a $250 cash bonus."

Anonymous   |     |   Comment #4
I can echo this comment.  When I opened a 5-year CD with FRB back in 2011, I was able to get an extra 0.85% added to my CD rate by meeting several criteria: new checking account, direct deposit, bill pay etc.  It's a pain to switch checking accounts, but through my experience I have learned that FRB is a great regional bank, with excellent customer service - they truly do go overboard to please the customer, at least in my experience.  Even their call center is top notch - agents who are knowledgeable with excellent communications skills, and minimal wait time. If you live in CA or an area that FRB serves, check them out!
Bozo   |     |   Comment #5
First Republic always used to be the rate-leader in SF for CDs, then they sort of fell off the board. While 2.35% for a 6-year doesn't spark much enthusiasm these days, it does compare favorably to other fixed-income products.