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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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7-Month CD

1Annual Percentage Yield (APY). 5.50% APY is accurate as of 4/15/2024. 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 4/15/2024. 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.