Our Scottsdale Branch is moving to a new location at 7373 N. Scottsdale Road., Ste. A-195. The new location will open on October 2, 2023 at 9 a.m. The Kierland location will close on Friday, September 29, 2023 at 3:30 p.m.
As a community bank, Republic Bank of Arizona remains stable and secure, and well capitalized. As an RBAZ customer, you have access to our experienced team, and we are ready to assist you with questions or concerns. We take pride in our relationship-based focus on building long-term trust with our customers. After all, we live in your community too, and your success is our success.
Recent events have drawn attention to the Federal Deposit Insurance Corporation (“FDIC”) insurance covering deposits in our nation’s banks. No bank customer has ever lost a penny of FDIC-insured deposits up to $250,000.
For those customers who have questions about whether additional insurance coverage is needed, we are ready and prepared to assist you to ensure your deposit needs are met.
Below are resources and information to help answer questions regarding FDIC insurance.
The FDIC has provided answers to some frequently asked questions about FDIC deposit insurance.
FAQs
The FDIC has prepared several videos and brochures to help you understand how deposit insurance works, the accounts covered by deposit insurance, and how to calculate insurance coverage. Click below to see the videos.
Videos
Use the FDIC’s “EDIE” calculator, (electronic deposit insurance estimator) to determine how much FDIC insurance you currently have.
FDIC Calculator
Republic Bank of Arizona’s participation in IntraFi’s Insured Cash Sweep (ICS) and Certificate of Deposit Account Registry Services (CDARS) allows us to provide additional FDIC insurance coverage for significant balance clients. Customers can access multi-million-dollar FDIC insurance and earn interest, all through a single relationship with RBAZ.
Customers have the peace of mind of knowing that the full amount of funds placed through ICS and CDARS can stay local to support lending opportunities that build a stronger community.
How it Works
Large deposits are divided into amounts under the standard FDIC insurance maximum of $250,000. The amounts are then placed into deposit accounts or CDs at multiple FDIC-insured banks. As a result, you can access FDIC coverage from many institutions while working directly with Republic Bank of Arizona.
You’ll receive one statement for each service option in which you participate and access key details about demand and savings accounts online, 24/7. And, as always, know that your confidential information is protected.
Protection for Your Cash
Earn returns and keep your cash protected through economic ups and downs with access to millions in FDIC insurance. No one has ever lost a penny of FDIC-insured funds. In addition, with ICS and CDARS, your funds aren’t subject to floating net asset values that can lead to loss of principal and erased returns.
For those customers who have questions about whether additional insurance coverage is needed, please contact us at the link below, call your RBAZ banker or call 602.255.2700.
