Republic Bank Account Type

Republic Bank offers a variety of account types to cater to different investment needs. The main types of accounts include:

• Business Money Market Account:
• Minimum to open: $1,000
• APY: 0.35% to 0.45% based on tiered balances
• Unlimited deposits and limited withdrawals.
• Commercial Money Market Max:
• Minimum to open: $1,000
• APY: 1.00% to 3.00% based on tiered balances
• Unlimited deposits and limited withdrawals.
• Certificates of Deposit (CDs):
• Minimum to open: $1,000
• APY: Ranges from 2.00% to 4.50% based on terms (6 to 60 months)
• Guaranteed rate of return with flexible terms.
• CDARS:
• Minimum to open: $250,000
• Provides FDIC insurance on large CD investments exceeding $250,000.
• Call for rate information.

Republic Bank Broker Account Opening Process

To open a broker account at Republic Bank, follow these steps:

• Gather Required Information:
• Social Security Number
• Government-issued photo ID
• Valid email address
• Minimum opening deposit of $50 using a debit or credit card.
• Online Application:
• Visit the Republic Bank website and select the option to open a new account.
• Fill out the online application form with the required personal details.
• Verification:
• Existing customers will need to provide their Republic Bank account number.
• New customers must provide identification documents and proof of address.
• Complete Setup:
• After submitting the application, you will receive confirmation and instructions on how to access your new account online.
• Account Access:
• Once your account is set up, you can manage your investments through the Republic Bank online banking services.

For more information about account types and the opening process, visit Republic Bank.