Website: https://www.firstrepublic.com

Authority: Since 1985, this California base bank who has 66 branches nationwide offers private banking and wealth management services including cities such as New York City and Boston but especially in Californian cities of San Francisco, Palo Alto, Newport Beach, San Diego and Santa Barbara.

How to open a First Republic Certificate of Deposit

- To get started on opening a CD at this bank they offer you to give them a call to speak to a specialist about your needs on: (888) 408-0288,

- you can complete an online form where they will contact you when convenient.

- Or visit one of their physical bank locations with the branches listed on their website

Information about First Republic 1 Year CD Rates

Banks like First Republic customers get deposits from its customers with from 2007 to 2017, 23% of deposit growth from entirely new clients, 25% client referrals and 52% from existing clients. Its mix of consumer deposits were 44% and business deposits 56% with retail deposits broken down through CDs at 14%, savings and MMDA 26% and checking 60% of total deposits. So deposits in general contribute to funding loan growth, CD funding a small but important stable low cost funding source for the bank. Its rates for 1 Year CDs are impacted by not just interest rate movements by monetary policy (federal reserve), but many factors such as competition from existing banks, net margins, profitability, Basel Committee’s “Basel III” , FDIC requirements, regulations and overheads such as bank branches which online banks do not have. 

Requirements to open a 1 Yr CD

Minimum balance of $10,000 and maximum deposit $1 million for this 1yr deposit account