Roth IRA
First Republic offers the Roth IRA, subject to annual income and contribution limits, to enjoy potentially tax-free earnings later in life.


  • Tax-free earnings can be withdrawn after age 59½ provided they have been in a Roth account for at least five years
  • Tax-free withdrawal of earnings up to $10,000 for qualified first-time home purchase
  • Funds can be passed to beneficiaries tax-free
  • Not subject to bank trustee fees
  • Advantageous way to invest for those who expect to be in a higher tax bracket in retirement
  • FDIC-insured to legal maximum

Product Details

  • Unlike a traditional IRA, no mandated age at which you must withdraw money
  • Contributions and account openings allowed after age 70½ with earned income
  • Interest compounded daily
  • Annual contribution limit of $6,000 or the amount of your taxable compensation (If age 50 or above, $7,000), whichever is less
  • Contributions must be made with “after-tax” dollars
  • Contributions are not tax-deductible
  • Can be set up as Certificate of Deposit, Money Market Savings or Passbook Savings account
  • Earned income required by account holder or spouse if filing a joint tax return
  • No age restrictions

Featured Services

  • Online and Mobile Banking

    Gain access to your accounts, transfer funds, and pay bills quickly and securely from the convenience of your home or mobile device with our online and mobile banking offerings.

  • Personal Banking Services

    At First Republic, we pride ourselves on providing a high level of client service as standard. For all the classic banking services we offer, your personal banker will work with you to determine the best solution to fit your needs.

  • ATM Card and ATM/Debit Card

    The First Republic ATM Card and ATM/Debit Card allow you to access your funds worldwide.

  • Wire Transfers

    Our wire transfer service is designed to enable the quick, safe and reliable transfer of funds between banks.

Member FDIC, Equal Housing Lender