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Personal Savings Accounts at Republic Bank of Chicago
  

 

Republic Savings


At a glance
Statement or passbook savings account for individuals
Best For Individuals who are accumulating funds for savings
Features
bulletStatement savings – statements quarterly 
bulletPassbooks are required for passbook transactions - no exceptions.
bullet $25 to open 
bullet Phone-in access 
bullet Limit of 6 preauthorized transfers per statement cycle
Min. Balance $25 minimum to earn stated APY and to avoid fees
Fee None, unless minimum balance is not maintained, then: $3 per month and $1 for each withdrawal beyond 3 per month

 

Young American Savings


At a glance
Statement or passbook savings account for minors under age 18
Best For First savings account for kids
Features
bulletStatement savings – Statements quarterly 
bullet $25 to open 
bulletPhone-in access 
bullet At age 18, account converts to Republic Savings account
Min. Balance $25 minimum to earn stated APY
Fee $1 for each withdrawal beyond 3 per month

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