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Retirement and Educational Savings Accounts

Start here to plan the future you desire for yourself and your family. Tap into our expertise to discover low-cost, high-quality financial solutions that bring clarity and precision to the path ahead.

Feel confident about your financial future

Your financial future is our priority. Save for retirement and educational expenses with a tax-advantaged1 account with interest paid monthly, preferred rates,

and no annual fees.

Tax Free Deposits

Take advantage of tax-free deposits and tax-deferred growth with this individual retirement account.1

  • Suitable for those who expect to be in a lower tax bracket when they retire.
  • Make tax-free contributions to your account.
  • Your deposited funds will grow tax-deferred. 
  • Receive distributions without penalty when over the age of 59 and 1/2.

Tax free distributions

While deposits are not tax-exempt, you'll enjoy tax-free distributions down the road.1

  • Ideal for those who expect to be in a higher tax bracket when they retire.
  • Pay taxes on deposits now to enjoy tax-free distributions later.
  • Your deposited funds will grow tax-free.
  • Pay no taxes or penalties on distributions when over the age of 59 and 1/2.

Save for college

Save smarter with a tax-advantaged account to make the most of your education savings.1

  • A great option for families or individuals looking to save for school and college expenses.
  • Your deposited funds will grow tax-free.
  • Qualified withdrawals for education expenses are tax and penalty free.

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PerfectHealth Savings

Save for healthcare expenses with PerfectHealth Savings, a health savings account that complements your high deductible health plan.

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Earn up to 5.15% APY2 with a CD

Explore our wide range of CD account terms that can help you earn more interest.

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Earn 5.55% APY3 with Promo Flagstar Savings Plus

Grow your savings with 5.55% APY3 guaranteed for the first 5 months.

1Consult your tax advisor for details.

2Annual Percentage Yield (APY) is accurate as of 6/25/2024. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $500 minimum balance. Maximum deposit is $10,000,000. Funds currently deposited in accounts at Flagstar Bank are not eligible for the promotional interest rate. Additional deposits not allowed during CD term. Not available for public units. Certain restrictions may apply. Offer subject to change or cancellation at any time without notice. Maturing CDs are eligible for this promo rate. Must present offer at account opening. Limited-time offer. Area restrictions may apply. Please contact your local branch for more information.

Promo Flagstar Savings Plus 5.55% APY 

3Annual Percentage Yield (APY) is accurate as of 6/25/2024. Tier 1 $25,000.00 - $999,999,999.99 features an annual percentage yield of 5.55%. Tier 2 $0 - $24,999.99 features an annual percentage yield of 0.10%. Initial minimum opening deposit to earn the higher interest rate on the Promo Flagstar Savings Plus account is $25,000.00 and must be “New Money,” which is defined as money that is not currently on deposit in any Flagstar Bank account (except maturing CDs). Additionally, (i) account must be funded within 60 days of the approval date and (ii) early account closure fee and reclamation of interest paid may be imposed for accounts closed within 180 days. The 5.55% APY is guaranteed for the first 5 months after account opening. After the promotional period, the account will earn the posted interest rate of the Flagstar Savings Plus accounts, which is a variable rate and subject to change. A maintenance service charge of $15 will be imposed every statement cycle if the average daily Collected Balance in the account is less than $10,000. This charge may be waived if the account is linked to any Flagstar Bank personal checking account. Not available for public units. Fees may reduce earnings. Personal accounts only. Limited time offer. Area restrictions may apply. If you are a Private Bank client, please contact your Private Client Group to enroll.