SEP CDs
  • $500 minimum deposit to open
  • Terms ranging from seven days to 10 years
  • 10-day grace period
  • Automatic renewal with interest credited to the account becoming part of the principal for the next term
  • Low annual fee of $5 that covers all accounts under the retirement plan
  • Distributions without penalty if you are over the age of 59½

SEP Savings Account

The SEP Savings Account is for those who want to save for retirement in small increments. Deposits can be made at any time.

  • An initial deposit is required at the time the account is established
  • Low annual fee of $5 that covers all accounts under the retirement plan
  • Monthly statements
  • Interest paid monthly
  • Direct deposit available
  • Ability to make additional deposits at any time
  • 24-hour telephone banking balance inquiries at (888) 248-6423


We recommend you speak with your tax or legal advisor prior to making investment decisions.

Please visit your nearest Flagstar branch to learn more about SEPs.

CONTACT
  • (888) 248-6423