First Republic Bank CD Rates

First Republic’s high-yield CDs offer attractive rates to boost your savings

By Lindsay VanSomeren
Updated May 08, 2023
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Brendan Harkness
Brendan Harkness
Fact checked by Brendan Harkness
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On May 1, First Republic Bank was seized by the Federal Deposit Insurance Corporation (FDIC) and sold to JPMorgan Chase. Depositors have full access to their deposits with Chase, and can still manage their accounts through First Republic's website.



See Chase Bank CD Rates or the Best CD Rates to open a new CD account.

First Republic Bank CD Rates

Prior to being sold to Chase, First Republic Bank had many customers on the Pacific and Atlantic coasts, but its main focus has been wealthy people; it served 62% of high-net-worth families in these regions. You can see that reflected in its CDs, which require an especially high minimum deposit to open.  

However, First Republic Bank’s CD rates are surprisingly high for such a large bank, offering the potential for very large paydays when your CDs mature. Here are its current rate offerings for each of its three CD types.

First Republic Bank CD Overview

 CD Term  APY  Minimum Balance
30 days  4.25% $10,000
3 months  3.00%  $10,000 
6 months  3.25%  $10,000 
1 year  3.30%  $10,000 
18 months  4.05%  $10,000 
2 years  4.05%  $10,000 
3 years  3.40%  $10,000 
4 years  3.40%  $10,000 
5 years  3.50%  $10,000 
6 years  3.50%  $10,000

First Republic Bank Special CD Overview

CD Term APY  Minimum Balance 
60 days 4.50% $10,000 
5 months  4.65%  $10,000 
10 months  4.65%  $10,000

First Republic Bank also offers special deals on CDs. These are non-standard term length options that can earn a much higher rate as long as you don’t mind a wonky term length.

First Republic Bank Liquid CD Overview

 CD Term  APY  Minimum Balance
8 months 4.00%  $10,000

You only get one term length option for First Republic Bank’s liquid (no-penalty) CDs.

First Republic Bank CD Key Features

While First Republic Bank has the potential to offer good returns, the truth is that the average person won’t be able to open an account due to its high minimum deposit requirement. But if you can afford it, here’s what you need to know about its standard CDs and CD specials.

First Republic Bank CD Key Features

APY Range 3.00%–4.65%
Minimum Balance  $10,000 
Term Range  30 days–6 years 
Early Withdrawal Penalty  For CDs under 1 year: 180 days’ interest For CDs over a year: 450 days’ interest 
Grace Period for Penalty-Free Withdrawals  10 days

$10,000 is a lot of money to tie up. If that makes you nervous, First Republic Bank’s liquid CD might be a better option for you. Be mindful of the fine print, however, since you could still end up paying an early withdrawal penalty if you don’t time your withdrawals right or take out too much money. 

Consider long-term CDs at First Republic Bank carefully. Its early withdrawal penalty is high compared with its competitors. 

First Republic Bank Liquid CD Key Features

APY Range  4.00%
Minimum Balance $10,000
Term Range  8 months 
Early Withdrawal Penalty  180 days’ of interest, unless: it’s been at least 7 days since you opened the CD, it’s been at least 7 days since your last withdrawal (if any), and your CD balance stays above $10,000 
Grace Period for Penalty-Free Withdrawals  10 days 

Compare Savings Account Rates

First Republic Bank CD rates are actually quite good compared to other options, especially when you consider large brick-and-mortar banks. Where it shines in high rates, however, it lacks in minimum balance requirements. 

You can get higher rates with other online banks with no minimum deposit requirement, making them a more accessible option and a better deal to boot, if earning the best rates possible is what’s most important to you.

Are First Republic Bank CDs FDIC-Insured?

Yes, First Republic Banks are FDIC-insured. You can rest assured that, short of societal collapse, you won’t lose your money even if the bank itself fails. Just remember to stick within the FDIC insurance limits. 

FDIC insurance only covers your deposits up to $250,000 with any one bank. Since First Republic Bank targets high-net-worth individuals, that’s an important point to remember.

Are First Republic Bank CDs Worth Investing In?

If you have enough money ($10,000, to be exact) and you prefer working with a bank that isn’t mainstream yet still offers excellent rates, then yes—First Republic Bank could be a great option for you. However, most people prefer earning the highest rates possible for savings that they can reasonably afford, and if that’s the case, there are better CD options.

How Do You Get a CD With First Republic Bank?

Unfortunately, First Republic Bank itself isn’t too open about how to open one of its CDs. If you’re already a customer, you can open an account online within your online banking portal. But if you’re new to the bank, the company directs you to fill out a contact form and someone will reach out to you. Compared to most other banks, it’s quite a clunky system.

How Do You Get the Best CD Rate With First Republic Bank?

First Republic Bank CD rates are currently highest for its special short-term CDs. Since these are presumably limited-time offers (First Republic Bank doesn’t specify any end dates), this could change over time.

Article Sources
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  1. First Republic Bank. "A message to First Republic clients from JPMorgan Chase."

  2. First Republic Bank. "Investor Presentation January 2023."

  3. First Republic Bank. "Offices." 

  4. First Republic Bank. "Grow Your Savings With a First Republic CD or Liquid CD."

  5. Federal Deposit Insurance Corporation. "Deposit Insurance At A Glance."

  6. First Republic Bank. "Rate Finder."

  7. First Republic Bank. "Have Us Contact You."