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4.75% APY Business Digital MM Acct - Republic Bank Of Chicago

ichaelm
  |     |   475 posts since 2010

Minimum balance to open account is $2,500. If balance falls below $2,500, a $25 maintenance fee will be assessed. Maximum account balance is $250,000. If balance exceeds $250,000, Annual Percentage Yield (APY) on entire balance will decrease to 4.25%. Account must be funded with money not currently on deposit with Republic Bank of Chicago within the last 180 days (i.e., new money which has not been held in a Republic Bank deposit account of any kind in the last 6 months). Fees may reduce account earnings. APY is accurate as of 01/24/2025. APY may change and offer may be withdrawn at any time without notice.  

https://republicebank.com/business-digital-money-market/

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3
midas89
  |     |   1,010 posts since 2017
The following is required in order to open up this Republic Bank of Chicago Business MM account:

You’ll need:

Tax ID Number
Business Documentation
Opening Deposit via Wire Transfer
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4
ichaelm
  |     |   475 posts since 2010
And of course if you're a sole proprietor, your SSN is also your tax ID number.
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2
Djbobo2000
  |     |   62 posts since 2022
So how long do you need to pull the money out of your regular account and Republic Bank at Chicago to get this at 475?
Reply
1

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