First Republic Bank’s money market account offers tiered rates. Even if you meet the massive $5 million balance requirement to secure the highest rate offered, the yield is still relatively low. The account also has a $5,000 minimum deposit, making it difficult for most people to open it.
$5 million balance required to earn the highest rate.
$5,000 minimum deposit.
You will pay a $25 monthly fee if your balance is below $5,000.