First Republic: Certificates of Deposit

Earn 5.00% APY¹ with
a 6–Month CD.

Grow your savings with a CD.

Open a new 6-month CD (Certificate of Deposit) with $10,000 or more and benefit from a guaranteed return — and the extraordinary service you deserve. FDIC insured up to the applicable limits.

5.00 %
APY¹

6-Month CD

Select the rate and term that work best for you.
We’ll assist you every step of the way.

View all rates

Frequently asked questions

- How do CDs work?
  A certificate of deposit (CD) is a time deposit account that pays a fixed interest rate over a period of time (generally ranging from 30 days to five years). Any early withdrawals of funds before the set maturity date come with a penalty fee.
  
  Typically offering higher interest than traditional savings accounts, CDs are a potentially great way to save for short- or long-term goals. In most cases, the longer the term of the CD, the higher the interest rate. CDs typically have no fees unless funds are withdrawn before the maturity date.
- How do I know if a CD is right for me?
- Should I choose a CD or a savings account?
  If you’re trying to decide between a CD or a savings account, think about your specific financial goals. If you’re looking for flexibility and are willing to earn a lower interest rate in order to have access to cash, a savings account might be the right choice for you. On the other hand, if you’re looking to get the most out of your savings and don’t need to access cash outside of specific time windows, then a CD could be the right choice.
- Are CDs safe?
  CDs are generally considered safe because you can’t lose money on these bank deposits the way you might with investments products, like stocks, that are subject to losses, including the amount of principal invested. Instead, you’re guaranteed your initial deposit plus interest at the agreed upon maturity as outlined in your CD terms. However, if you choose to terminate a CD or make a withdrawal from the principal amount prior to its maturity date, we may impose an early withdrawal penalty that may be deducted, if necessary, from the principal amount. Please see the question about early withdrawal penalty.
  
  Additionally, funds in bank deposits, including CDs, are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the standard deposit insurance coverage limit of $250,000 per depositor, per account ownership category, per FDIC-insured bank.
- How does CD interest work?
- What dates are important to know when opening a First Republic CD?
  - Issue Date - The first day of the term.
  - Maturity Date - The last day of the term.
  - Grace Period: There is a 10-calendar day Grace Period, beginning on the calendar day after the Maturity Date, during which you can make changes to your CD. If the 10th day is a nonbusiness day, the Grace Period will end on the business day prior to that nonbusiness day. The Grace Period ends on the day you make any changes (change your term, deposit additional funds, make withdrawals) without paying an early withdrawal penalty. Any changes made after the Grace Period will incur the early withdrawal penalty applicable by law, regulation or Bank Policy.
- At First Republic, what happens to a CD at maturity?
  Unless we receive other instructions, your account will automatically renew at maturity for the same term but at the interest rate in effect on the Maturity Date for such term. If you do not want to renew your time deposit, you may withdraw the funds in the account at maturity or provide us with written notice within the applicable Grace Period. There is a 10-calendar day Grace Period, beginning on the calendar day after the Maturity Date, during which you can make changes to your CD. If the 10th day is a nonbusiness day, the Grace Period will end on the business day prior to that nonbusiness day. The Grace Period ends on the day you make any changes (change your term, deposit additional funds, make withdrawals) without paying an early withdrawal penalty. Any changes made after the Grace Period will incur the Early Withdrawal Penalty applicable by law, regulation or Bank Policy. See Important Information in the Consumer Account Disclosure and Agreement.
- When can I withdraw the interest on a CD?
  At First Republic, you can withdraw interest any time during the term after it has been credited to your account without an early withdrawal penalty. You may request to have credited interest deposited to another account you have with us, or sent to you in the form of a check. If your account renews automatically, after the grace period your interest will be added to your principal balance and will no longer be available for withdrawal without penalty. The disclosed Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. Any withdrawal of interest will reduce earnings.
- What is First Republic’s early withdrawal penalty?
  When you open a time deposit, you agree to keep the principal on deposit with us for the term you selected. If you choose to terminate a time deposit or make a partial withdrawal of principal prior to its Maturity Date, we may impose the penalty described below on the amount withdrawn.
  
  Term Penalty (simple interest)
  - Up to 1 year - 6 months’ interest
  - More than 1 year - 15 months’ interest

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Our clients say it best.

“ First Republic is the best bank I have ever worked with. They have everything for me as a client. ”

Sonja Hoel Perkins | Client Since ’10

Founder, Project Glimmer and Broadway Angels
Managing Director, The Perkins Fund

Our clients say it best.

“ First Republic is the best bank I have ever worked with. They have everything for me as a client. ”

Sonja Hoel Perkins | Client Since ’10

Founder, Project Glimmer and Broadway Angels
Managing Director, The Perkins Fund

Our clients say it best.

First Republic client, Sonja Hoel Perkins

“ First Republic is the best bank I have ever worked with. They have everything for me as a client. ”

Sonja Hoel Perkins | Client Since ’10

Founder, Project Glimmer and Broadway Angels
Managing Director, The Perkins Fund

Consumer Account Disclosures & Agreement (PDF)
Consumer Schedule of Fees (PDF)
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Business Schedule of Fees (PDF)
10/3/2023

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Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.

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Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Past performance is not a guarantee of future results.

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, Member FINRA and SIPC. Certain advisory products may be offered through J.P. Morgan Private Wealth Advisors LLC (JPMPWA), a registered investment adviser. Trust and Fiduciary services including custody are offered through JPMorgan Chase Bank, N.A. (JPMCB) and affiliated trust companies. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMS, CIA, JPMPWA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co.

INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT FDIC INSURED
• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
• NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES
• SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

Certificates of Deposits

Frequently asked questions

Frequently asked questions

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