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Republic Bank & Trust Company Review

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Republic Bank & Trust Company Savings
0.02% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1982, Republic Bank & Trust Company has $5 billion in assets along with $4 billion in deposits, which makes it a large bank. Republic Bank & Trust Company, whose headquarters are in Louisville, Kentucky, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Republic Bank & Trust Company is among the best banks, and should be given serious consideration, with a score of 4.5 out of 5 stars from our team. Republic Bank & Trust Company has a full suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Republic Bank & Trust Company's standard checking does not have a monthly maintenance charge. Institutions that offer no-fee checking as well as a high savings APY are your best bet for gaining the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.7
SmartAsset Average: 3.5

Republic Bank & Trust Company features a savings rate of 0.02%, which is fair in comparison to other U.S. banks. Republic Bank & Trust Company's CD rates are 1.50% and 3.25% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.20%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Republic Bank & Trust Company's Savings Rates Compare

Republic Bank & Trust Company Savings 0.02 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, Republic Bank & Trust Company charges customers extremely low fees compared to the national average. Republic Bank & Trust Company's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Republic Bank & Trust Company unfortunately does not reimburse out-of-network ATM charges, meaning you'll need to find a Republic Bank & Trust Company ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.3
SmartAsset Average: 3.7

Republic Bank & Trust Company is a brick-and-mortar bank, with 46 total branches in Florida, Indiana, Kentucky, Ohio and Tennessee. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 7:30 a.m. to 8:00 p.m. ET; Saturday, 9:00 a.m. to 5:00 p.m. ET; Sunday, and 12:00 p.m. to 4:00 p.m. ET. Republic Bank & Trust Company gets high marks from customers for its mobile app. Out of 3,400 ratings across both Apple and Android platforms, the Republic Bank & Trust Company mobile app has an overall rating of 4.6 out of 5 (compared to the national average of 3.8). You can access Republic Bank & Trust Company's mobile app to manage your accounts by reviewing monthly statements, sending and receiving money as well as accessing support representatives. Republic Bank & Trust Company gets an exceptional consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Republic Bank & Trust Company is a large bank owning $5 billion in assets and $4 billion in deposits. Republic Bank & Trust Company's Texas Ratio is 2.48%, signifying that Republic Bank & Trust Company is in superb financial condition and far from failure. Additionally, Republic Bank & Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Republic Bank & Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.02% APY $100
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.50% APY
  • 36 Month: 2.75% APY
  • 60 Month: 3.25% APY
$1000 for all terms
Money Market Account 0.2% APY $25000

Republic Bank & Trust Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Republic Bank & Trust Company does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Republic Bank & Trust Company's CD rates are fair in comparison to other U.S. banks.

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Find a Republic Bank & Trust Company Near Me

Republic Bank & Trust Company has 46 branches across the U.S.

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