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Government Banking

We offer a wide array of government banking accounts and products to help public sector entities maximize efficiency, reduce costs, and manage cash flow.

Public sector focused

Flagstar Bank’s government banking team understands the unique financial needs of the public sector. Our team delivers financial services to hundreds of public sector clients including municipalities, school districts, higher education, state and local authorities, Native American nations, and more. 

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Public Sector Financing

Tax-exempt financing for the purchase or lease of essential use equipment to clients in the municipal and not-for-profit sectors.

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Prepaid Debit Card and Digital Disbursement Programs

Advance your mission with Flagstar’s expertise, acumen, and dedication to providing the solutions to match your organization’s needs.

Government Savings Account

A government savings account from Flagstar offers a variety of features including minimum balance requirements, a competitive rate of return, and balances are accessible as needed. 

  • Features variable interest rates
  • Pays interest monthly; calculated on a 365-day basis
  • Provides the option for mailed or electronic statements via Corporate Connect™
  • Includes an option to receive weekly rate notifications via email

Treasury Management Services

Simplify your daily operations to lower costs and improve productivity across the board. Our treasury solutions include banking, payroll, merchant services, ACH origination, remote deposit capture, and online banking so you and your team can keep track of everything. 

  • Online Banking with Corporate Connect™
  • Information Reporting
  • ACH And Wire Initiation 
  • Remote Deposit
  • Fraud Protection
  • Lockbox
  • Sweep Accounts
  • Commercial Card
  • Merchant Services
  • Cash Vault
  • Controlled Disbursement 

Government Certificate of Deposit

Let Flagstar assist in maximizing your investment return with our Government CD options. Regardless of the amount, Flagstar provides the versatility required to complement your daily operations.  Our CDs are built with your organizational needs in mind, offering a fixed interest rate, flexible terms, and no wire fees.

  • Offers fixed rates for 7-day to 5-year terms
  • Provides interest calculated on a 360-day basis
  • Features various interest payment options
  • No wire fees related to investment or redemption of funds
  • Includes emailed reminder notification at maturity
  • Provides an option to receive weekly rate notification via email

CDARS®

At Flagstar, we want to help protect your money as well as foster its growth. Your organization's multimillion-dollar accounts can benefit from CD-level interest rates and full FDIC insurance with CDARS® (Certificate of Deposit Account Registry Service). Our dedicated expert team will disperse your funds into various CDs across the CDARS® network, and we will carefully track each account making sure they don’t exceed the standard FDIC insurance maximum.1 Protecting your money is our highest priority, and by storing your funds this way, both your principal and interest will always receive full FDIC protection.

  • Offers a secure and FDIC insured way to invest excess funds
  • Eliminates the need to manage funds at multiple financial institutions
  • Offers interest calculated on a 365-day basis
  • Features no annual fees, subscription fees, wire fees, or transaction fees
  • Includes emailed reminder notification at maturity
  • Includes an option to receive weekly CDARS® rates via email
  • Includes Depositor Customer Portal access for balances, transactions and statements

ICS®

At Flagstar, with the ICS® (Insured Cash Sweep) service, your entity can access millions of dollars in FDIC insurance, all through a single bank relationship with us, a bank you know and trust. When opening a checking account that is linked to the ICS® service, balances sweep daily to and from the accounts as funding is needed. With ICS you will earn interest with full flexibility to access your funds. You receive one monthly statement detailing all placements, with one interest rate, working with one financial institution.

  • Eliminates the need to manage funds at multiple financial institutions
  • Offers FDIC insured option to secure liquid funds
  • One rate, one statement, one bank partner
  • Includes Depositor Customer Portal access for balances, transactions and statements

Connect with us

Our commercial banking experts are here to help you find the right solutions for your business. Let’s talk about how Flagstar can support your goals.

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1Visit fdic.gov for more information about FDIC insurance coverage.