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Savings Accounts

Let's turn wishful thinking into active doing. Reach your goals with a Flagstar savings account. 

Savings accounts for goals, rainy days, and peace of mind

Start saving for your goals, whether they are big or small, near or far off. Choose from a range of unique features, great rates, and easy ways to avoid fees. Need a hand? Our talented bankers are ready to help.

5.55%
APY1 for 5 months

Power up your savings with higher interest rates.

  • 5.55% APY1 guaranteed for the first 5 months with an opening deposit of $25,000 or more
  • $0 monthly fee with Flagstar personal checking relationship
  • Just $1 to open

Start Saving

Keep your money growing so you’re ready for anything. 

  • Earn interest 
  • $0 monthly fee with Flagstar personal checking relationship
  • Just $1 to open

More great ways to save

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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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Flagstar Kids Savings

Let your child practice spending and saving with this no-cost, kid-friendly account.

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Club Savings

Save for your annual vacation, holiday expenses, or whatever you want with Club Savings.

Bank on the go with Mobile Banking.2

Mobile Banking lets you pay bills, move money, deposit checks,3 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.4

So many ways to save

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Earn interest on your savings.

Your money works harder with interest on your savings.

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Convenient ways to make a deposit

It's your choice: online, at a Flagstar ATM or branch, via mobile deposit3 or direct deposit,  by phone, with automatic transfers, and more.

Compare accounts

Minimum opening deposit

$1

$1

Interest bearing

  •  

5.55% APY1 guaranteed for the first 5 months with an opening deposit of $25,000 or more

Maintenance service charge

$3

$15

Ways to avoid maintenance service charge

  • Maintain at least a $300 average daily balance OR
  • With Flagstar personal checking relationship OR
  • Account owner 18 or younger

  • Maintain at least a $10,000 average daily balance OR
  • With Flagstar personal checking relationship

Start saving. Open a savings account today.

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Visit a branch

We’ll walk you through it. Stop by the nearest branch to open an account in person.

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Certificate of Deposit Accounts

Whether you're saving for a short-term goal or one that's a few years down the road, a certificate of deposit (CD) can make it happen even faster.

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Flagstar Visa® Credit Cards

Choose a credit card with the perks you want, like cash back, rewards, bonuses, and more.

Flagstar Savings Plus 5.55% APY 

1Annual Percentage Yield (APY) is accurate as of 4/15/2024. 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 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.