Loading
Tap on the profile icon to edit
your financial details.

Republic Bank & Trust Company Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Republic Bank & Trust Company Savings
0.02% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1982, Republic Bank & Trust Company has assets totaling $5 billion along with deposits totaling $4 billion, classifying it as a large bank. Republic Bank & Trust Company, whose headquarters are in Louisville, Kentucky, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a superb 4.5 stars out of 5, Republic Bank & Trust Company is among the top banks, and should be given strong consideration. Republic Bank & Trust Company has a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Republic Bank & Trust Company offers an option without a monthly fee. Institutions that offer no-fee checking as well as a high interest rate savings account are your best option for returning the highest income from your deposits while having convenient access to your money.

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 poor compared to other U.S. banks. Its CDs feature a rate of 2.00% 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 Republic Bank & Trust Company's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How Republic Bank & Trust Company's Savings Rates Compare

Republic Bank & Trust Company Savings 0.02 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

Republic Bank & Trust Company charges its customers extremely low fees in comparison to the average U.S. bank. 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 doesn't reimburse out-of-network ATM charges, which means you'll need to locate a Republic Bank & Trust Company ATM or accept 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
Back to Overview

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. With mobile and web apps, Republic Bank & Trust Company makes account access easy, even on the go. 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's online and mobile banking platforms receive positive ratings from users. With 3,400 ratings across Apple and Android platforms, the Republic Bank & Trust Company mobile app rates a 4.6 out of 5 (compared to the national average of 3.8). You can use Republic Bank & Trust Company's app to control your finances by looking at current statements, sending and receiving funds and reaching customer service. Republic Bank & Trust Company receives a superb consumer satisfaction score due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

Republic Bank & Trust Company is a large bank with $5 billion in assets as well as $4 billion in deposits. Republic Bank & Trust Company's Texas Ratio is 2.48%, denoting a negligible probability of 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.

Back to Overview

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: 2.00% APY
  • 36 Month: 2.75% APY
  • 60 Month: 3.25% APY
$1000 for all terms
Money Market Accounts 0.2% APY 0.2% APY $10000 $15000

Republic Bank & Trust Company has several deposit products including 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 other options 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 compared to other U.S. banks.

Back to Overview

Find a Republic Bank & Trust Company Near Me

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

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure