Skip to main content

Before you go

You are about to leave Flagstar is not responsible for the content on other sites.

Roth IRA

Save for your retirement with tax-free growth now and tax-free withdrawals down the road.

Position your finances for a comfortable future

Icon of a checkmark in a box

Keep more of your money.

Your contributions grow tax-free, putting more money to work for you.

Icon of a checkmark in a box

Set up automatic contributions.

Make retirement savings a priority with automatic monthly transfers.

Icon of a checkmark in a box

Tax-free withdrawals

The beauty of a Roth IRA is that withdrawals are tax-free after age 59 and 1/2, as long as it’s been at least 5 years since your first contribution.

Is a Roth IRA right for your retirement?

Talk to our client consultants to learn the benefits of Roth IRAs. Our experienced bankers are here to help you make the best decisions for your retirement goals and timeline. 


  • Interest paid monthly
  • No annual fee
  • Preferred CD rates with $5,000 or more in your combined accounts1
  • View principal and interest online 

You may also be interested in:

Two adults smile and hug while one holds a birthday cake
Traditional IRA

A retirement account is essential for living the life you've worked so hard to build. A traditional IRA is designed to grow your investments faster and lower your tax liability, now and in retirement.

Picture of two people in kitchen. One is kissing the other on the cheek while they drink coffee.
Earn up to 5.15% APY2 with a CD

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

To contribute to a Roth IRA, you or your spouse must have earned income, and your modified adjusted gross income (MAGI) may not exceed certain limits. Withdrawals from Roth IRAs before age 59 1/2 may be subject to taxes at your current rate, a 10% federal additional tax, and possible state tax. Please consult a tax or legal expert for advice before making contributions, withdrawals, or other investment decisions.  For Roth IRA CDs, we may assess fees for withdrawals before the maturity date. Fees may reduce earnings. Accounts will be FDIC insured up to the maximum amount allowed by law.

1Excludes promotional rates.

2Annual Percentage Yield (APY) is accurate as of 7/15/2024. 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.