By comparison, none of the national average CD rates tracked by the Federal Deposit Insurance Corp.
Otherwise, rates for most other CDs at First Republic are 2.00% APY or 3.00% APY. But to open this or any other CD at First Republic requires a minimum opening deposit of $10,000, an amount that far exceeds that of CDs from many other financial institutions. With a 5.00% APY, First Republic’s rate for a six-month CD beats a number of other financial institutions. Rates for First Republic’s CDs aren’t the best you’ll come across, but they’re not the worst, either.
