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Tech IndustryApr 30, 2023
Metavolva

First Republic Bank

I want to open a large CD (100k) with First Republic Bank. I saw the recent trouble in the news. Given it's within FDIC insurance limits, am I assuming any risk?

PayPal kint-f Apr 30, 2023

Syf offers better CD APY than FRC. What is your retaionale behind considering FRC

Meta volva OP Apr 30, 2023

I'm based out of the US and only have an account with FR Also, I'm looking for <1y CD

PayPal kint-f Apr 30, 2023

Don't know the options if you are not living in US.

Google xWVR25 Apr 30, 2023

The bank will be taken over by the fdic and most likely auctioned to some big bank over the weekend. Not sure it will continue to exist under its current name anymore.

Meta volva OP Apr 30, 2023

Right, the question was if I open a CD tomorrow, will the principal and interest be safe?

Amazon RealBezos Apr 30, 2023

Yes it’s safe, there’s no risk if it’s below FDIC limit. Go ahead and take advantage of the higher CD rate

Google doobye Apr 30, 2023

What are you trying to do? Why FRC when there are plenty of other options. I doubt if they would even accept your application now.

First Republic lkjhtfcg Apr 30, 2023

🤯

Expedia Group fritoed Apr 30, 2023

why risk the potential hassle/headache, regardless of the coverage. just do it somewhere else

#ReadyForWork
employed! Apr 30, 2023

The rigth move is to move out of the bank, not move in.

Microsoft djeuxjsjf Apr 30, 2023

Why in God's name would you open a CD?

Microsoft djeuxjsjf Apr 30, 2023

Just buy Bitcoin

Salesforce what?no! May 1, 2023

Aged well! So it’s JP Morgan now 😂