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
Statement savings – statements quarterly
Passbooks are required for passbook transactions - no exceptions.
$25 to open
Phone-in access
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 S
avings
At a glance
Statement or passbook savings account for minors under age 18
Best For
First savings account for kids
Features
Statement savings – Statements quarterly
$25 to open
Phone-in access
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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