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Ideal for the serious saver
Sit back and watch your money grow. Competitive yields and convenient record-keeping for the traditional saver.
Passbook Savings accounts are right for you if you:
- Want a highly competitive interest rate
- Do not require a high volume of transfer or withdrawal activity
- Do not want to balance monthly statements
Features
- Minimum opening balance: $5,000
- Interest rate: Variable
- Interest compounded daily
- Unlimited deposits
- Limited transfers/withdrawals* (3 per month)
- Must have Passbook Savings in order to effect deposits or withdrawals
*During each monthly cycle you are limited to only three fee-free transfers/withdrawals and each such transfer/withdrawal must be made in person at a First Republic branch. Each transfer/withdrawal in excess of the three transaction limit will result in an Excess Activity Fee.
Account disclosure (PDF)
