Republic Bank & Trust Company Review

Overview

Established in 1982, Republic Bank & Trust Company has assets totaling $6.38 billion along with deposits totaling $4.83 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.

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

Republic Bank & Trust Company features a savings rate of 0.25%, which is poor compared to other U.S. banks. Its CDs feature a rate of 4.25% and 4.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.35%. 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 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.

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.

Republic Bank & Trust Company is a large bank with $6.38 billion in assets as well as $4.83 billion in deposits. Republic Bank & Trust Company's Texas Ratio is 2.21%, 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.

Products Offered

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.

Find a Republic Bank & Trust Company Near Me

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