bank rates

First Republic Offers Special Rate Bonus

First Republic Bank has added a sweetener to already competitive rates to encourage existing clients to open new CDs.

It’s offering a bump-up of 0.25% over its published rates to current customers who establish new 18-month or 2-, 3-, 4- or 5-year CDs.

The offer expires July 31.

It made a similar CD rate bonus offer to clients last summer.

Based on First Republic’s current posted rates, the APYs for new CDs opened pursuant to the offer would be as follows:

  • 18 months – 0.90%
  • 2 years – 1.25%
  • 3 years – 1.65%
  • 4 years – 2.15%
  • 5 years – 2.40%

The 3- and 5-year rates each beat the top nationally available deals for these maturities on our CD Rates Leaderboard.

A minimum balance of $10,000 is required to open a CD. There is a $1 million maximum.

The CD must be opened in person at a First Republic branch, where the customer must present the postcard he or she received in the mail advertising the special offer.

The good news is that a customer may open multiple CDs, on different days, pursuant to the offer, subject to the minimum and maximum deposit requirements.

The bad news is that the 0.25% rate bonus may not be “stacked” with – meaning added to – other CD rate bonuses the bank may be offering, such as the bonus it makes available for opening certain relationship checking accounts.

In other words, you have to pick what bonus you want and forgo the other.

Headquartered in San Francisco, First Republic has approximately $32 billion in deposits and a 4-Star Bankrate Safe & Sound rating. It operates branches in California, Florida, Oregon, Massachusetts, New York and Connecticut (

The bank usually posts new rates on Monday nights or Tuesday mornings, and CD rate deals sometimes don’t last all that long. (For example, the 2-, 3-, 4- and 5-year rates it’s posting now are 0.10% lower than those it posted last week.)

So, although the 0.25% rate bonus will remain available until the end of July, the current enhanced CD rate levels may not.

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Comments (1)
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One Existing Comment
  1. Mike Cetera said:
    on July 4th at 06:44 am

    First Republic has cut its 5-year CD rate to 2.00% APY. That means, with the bonus, you’ll now earn 2.25% APY. The other rates remain unchanged.