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Before you go
FLAGSTAR PERFORMANCE SAVINGS
Earn 3.20% APYx with a high interest savings account
Earn a great rate with a Flagstar Performance Savings account. Open with just $1 and avoid the $15 monthly fee by keeping a $10,000 average balance or having a Flagstar checking account. Your money stays accessible, FDIC-insuredx, and easy to manage through Flagstar’s Online Banking and
Mobile App.
What makes this high interest rate savings account right for you?
Competitive savings rate
Earn 3.20% APYx with balances of $25,000 or more.
Avoid the monthly fee
Avoid the $15 monthly service charge when you have a Flagstar personal checking relationship.
Access to your money
The funds in your account will remain liquid and accessible, while still earning a great rate.
What features are included in this high interest savings account?
- 24/7 Online and Mobile Bankingx – check balances, transfer funds, monitor your credit, and manage all your accounts in one convenient dashboard.
- Custom Account Alerts – get real-time text or email notifications about deposits, withdrawals, and account activity.
- Mobile Check Depositx – deposit checks quickly and securely using your smartphone.
- Free ATM Access Nationwide – enjoy surcharge-free withdrawals at 56,000+ Flagstar ATMsx and over 300 branches.
Avoid the $15 monthly maintenance fee
Choose one of these options to waive your monthly fee.
Minimum balance
Maintain a $10,000 average daily balance
Flagstar Checking Account
Maintain a Flagstar personal checking relationship
How it works
Meeting just ONE of these requirements during each statement period automatically waives your monthly maintenance fee. If none of these conditions are met, a $15 monthly maintenance fee will apply to your account.
Want even more value from your savings account?
*Investment products are not insured by the FDIC, are not deposits, and may lose value
Bank on the go with our Mobile App
Our Mobile App lets you pay bills, send money with Zelle,® deposit checks,x and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.x
4.7 out of 5 on the Apple App Store as of 6/1/2026
Scan this code with your phone’s camera to download the Flagstar Mobile App from the Apple App Store or Google Play Store.
High interest savings FAQs
A high interest savings account is a type of deposit account that pays a higher annual percentage yield (APY) than a standard savings account. It’s designed to help your money grow faster while keeping your funds safe and accessible.
Flagstar Performance Savings is a high interest savings account with Flagstar's best savings rate.
The main difference is the interest rate. High interest savings accounts typically offer better yields in exchange for meeting balance or relationship requirements. Otherwise, they work the same way — you can deposit, withdraw, and track your money anytime through digital banking tools.
Yes. Your deposits are FDIC-insured up to $250,000 per depositor.x
You may add beneficiaries to the Flagstar Performance Savings account.
You are allowed 20 transactions per 24-hour period, and a dollar limit of $1,000 per 24-hour period. Please note that standard fees apply for some transactions, such as withdrawals and balance inquiries from non-Flagstar ATMs.
If your account is closed within six months of opening, you are subject to a $30 early closing fee and possible forfeiture of any interest you’ve earned on the account.
LIMITED TIME OFFER
Lock in a CD rate up to 3.80% APYx
Rates this high won’t last forever. Don’t miss out. Open a CD today.
Related to Flagstar Performance Savings
We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.
Interest rates are tiered to a maximum amount.