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Earn up to 5.50% APY1 on a Certificate of Deposit

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

Find the right CD account rates and terms for your savings goals.

Whether you want to earn more in the short-term or are looking to save for the future, we have a certificate of deposit account (CD) to meet your financial needs. And best of all, opening a CD account is easy with the help of your local team at Flagstar Bank. Our bankers can lock you into a guaranteed CD interest rate that offers competitive yields, higher returns, and no market risk. Explore the different CD accounts that can help you earn more for your buck.

5.50% APY1

Lock in a great CD rate for 7 months -- with higher yields than most savings accounts.

5.15% APY2

Lock in a great CD rate for 13 months -- with higher yields than most savings accounts.

Wide range of terms

Choose from a wide range of terms to earn more with competitive yields in the short term or long haul with our CD account.

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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.

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PerfectHealth Savings

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

7-Month CD

1Annual Percentage Yield (APY). 5.50% APY is accurate as of 5/23/2024. 7-month term available. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $500 minimum opening deposit required. 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. Cannot be combined with any other CD offer. Must present offer at account opening. Limited-time offer. Area restrictions may apply. Please contact your local branch for more information.

13-Month CD 

2Annual Percentage Yield (APY). 5.15% APY is accurate as of 5/23/2024. 13-month term available. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $500 minimum opening deposit required. 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. Cannot be combined with any other CD offer. 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 5/23/2024. 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.