Welcome to the First Republic CD Rate Calculator. While First Republic Bank (FRB) was acquired by JPMorgan Chase in 2023, many former clients and potential investors still use historical FRB data as a benchmark for high-yield Certificate of Deposit (CD) performance. This tool helps you calculate potential returns on your savings based on specified APY (Annual Percentage Yield) and term lengths.

Important Update: Following the acquisition by JPMorgan Chase, all First Republic Bank deposit accounts, including Certificates of Deposit (CDs), were assumed by Chase. If you held a CD with First Republic prior to the transition, your terms and rates remain valid until the maturity date.

Understanding CD Interest Calculations

Certificates of Deposit are fixed-income instruments where you agree to lock up your funds for a specific period in exchange for a guaranteed interest rate. The return on a CD is primarily determined by three factors:

  • Principal Deposit: The initial amount of money you place into the CD.
  • Term Length: The duration the money must remain in the bank (e.g., 6 months, 1 year, 5 years).
  • APY (Annual Percentage Yield): The effective annual rate of return taking into account the effect of compounding interest.

Transition from First Republic to Chase

First Republic Bank was known for its personalized service and competitive rates on Jumbo CDs (CDs with high minimum deposits, often over $100,000). Upon the transition to Chase:

  1. Existing CDs: Chase honored the original interest rates and maturity dates of all existing First Republic CDs.
  2. Renewal: Upon maturity, these CDs generally renew into standard Chase CD products unless the account holder opts to withdraw or change terms.
  3. FDIC Insurance: Deposits remain FDIC-insured, now aggregated under JPMorgan Chase's charter.

How to Use This Calculator

Whether you are calculating the final payout of a legacy First Republic CD or comparing current market rates against historical data, use the tool on the left as follows:

1. Enter your Initial Deposit amount. First Republic often catered to high-net-worth individuals, so you might be calculating returns on amounts like $50,000 or $100,000.

2. Input the APY. If you are checking an old statement, use the rate listed there. If comparing new rates, use current offers from Chase or other high-yield banks.

3. Select the Term Length in either months or years to see your total return at maturity.

Legacy First Republic Rates vs. Current Market

Historically, First Republic offered relationship-based pricing. This meant that clients with significant assets under management often received preferential CD rates. In the current economic environment, interest rates have fluctuated significantly. It is advisable to compare the legacy rates with current Treasury yields and online bank CD offers to ensure your cash is working efficiently.