First Republic Bank Money Market Savings Account

First Republic Bank Money Market Savings Account Review

First Republic Bank Money Market Savings Account is offered by First Republic Bank, a bank founded in 1985 and based in San Francisco, CA. First Republic Bank Money Market Savings Account are available in 6 states across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.2%, 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 service fee of up to $25, but the fee is waived if you keep a minimum balance of $5,000.
• High minumum 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 Savings Account

Pros	Cons
High-interest yield. Does not offer mobile check deposits.	No signup bonus. Does not provide a debit card. Only available in 6 states. Monthly service charge.

First Republic Bank Money Market Savings Account FAQ

Are money market accounts from First Republic Bank federally insured?

Yes, your deposits are insured up to $250,000 per person 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 savings rates?

First Republic money market savings offers an APY starting at 0.05% and ranging up to 0.2% (APY stands for annual percentage yield, rates may change).

First Republic money market savings Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.05% - 0.2%

What are the fees for First Republic Bank Money Market Savings Account?

This account charges a monthly maintenance fee of up to $25. You can avoid this fee by maintaining a balance of $5,000.

First Republic Bank will charge you a $10 fee if you exceed your maximum number of monthly transactions.

First Republic Bank Money Market Savings Account Fees

Fees	Amount
Monthly Fee	up to $25
Paper Statement Fee	N/A
Excess Transaction Fee	$10

What is the minimum balance for First Republic money market savings?

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 savings offer?

This account includes the following features:

• Fraud monitoring - First Republic Bank monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this business card 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.