Last Updated: 04/18/2025
First Republic Bank Money Market Checking Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.15%(Verified 06/21/2024)
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Minimum Balance to Earn APY
$0
Minimum Opening Deposit
Starting at $5,000
First Republic Bank Money Market Checking Account Review
First Republic Bank Money Market Checking Account is offered by First Republic Bank, a bank founded in 1985 and based in San Francisco, CA. First Republic money market are available in 6 states.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.15%, which is much higher than the national average for a money market account.
- No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
- Charges a monthly fee. This account charges a monthly fee of up to $25, but the fee may be waived if you keep a minimum balance of$5,000.
- High minumum opening deposit. You must deposit a minimum of $5,000, which is high compared to most money market accounts.
Pros & Cons of First Republic Bank Money Market Checking Account
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First Republic Bank Money Market Checking Account FAQ
Are money market accounts from First Republic Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the interest rates for First Republic money market rates?
First Republic money market offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.05% - 0.15% |
What are the fees for First Republic Bank Money Market Checking Account?
This account charges a monthly maintenance fee of up to $25. You can avoid this fee by maintaining a balance of $5,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for First Republic money market?
Minimum deposit of $5,000. You must make an initial deposit of at least $5,000 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $5,000.
What features and perks does First Republic money market offer?
This account includes the following features:
- Check Writing - First Republic money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
- Fraud monitoring - First Republic Bank monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - First Republic money market allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
The customer service number for this account is (888) 408-0288.
What is the support contact email?
The support contact email for this business credit card is info@firstrepublic.com.
How to open an account with First Republic Bank
- Visit the First Republic Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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