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Earn up to 4.65% 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. Lock in a guaranteed CD interest rate that offers competitive yields, higher returns, and is
FDIC insured up to $250,000.2

4.65% APY1

7-Month CD

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

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4.35% APY1

13-Month CD

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

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Wide range of terms

Certificates of Deposit

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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Checking Accounts

Explore our personal checking account options to find the right fit for you. 
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Earn 4.90% APY3 with Flagstar Performance Savings

Grow your money with a great savings rate.
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PerfectHealth Savings

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

We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.

Interest rates are tiered to a maximum amount.

1Annual Percentage Yield (APY). 4.35% APY is accurate as of 10/12/2024 and available as a 13-month term. 4.65% APY is accurate as of 10/12/2024 and available as a 7-month term. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $500 minimum opening deposit required. Maximum deposit is $10 million. 'New Money' is defined as funds that are not currently deposited in any account at Flagstar Bank. Not available for public units or Business CDs. Certain restrictions, including area restrictions, may apply. Offer subject to change or cancellation at any time without notice. Must present offer at account opening. Limited-time offer. Important information will be provided to you in the disclosures you receive during the account opening process. Please contact your local branch for more information.

2Visit fdic.gov for more information about FDIC insurance coverage.

Flagstar Performance Savings

3Annual Percentage Yield (APY) is accurate as of 10/12/2024. Tier 1 $0 – $9,999.99 features an annual percentage yield of 0.10%. Tier 2 $10,000.00 – $24,999.99 features an annual percentage yield of 0.10%. Tier 3 $25,000.00 – $49,999.99 features an annual percentage yield of 4.90%. Tier 4 $50,000.00 – $99,999.99 features an annual percentage yield of 4.90%. Tier 5 $100,000.00 – $499,999.99 features an annual percentage yield of 4.90%. Tier 6 $500,000.00+ features an annual percentage yield of 4.90%. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. Initial minimum opening deposit to earn the higher interest rate on the Flagstar Performance Savings account is $25,000 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 90 days of the approval date, and (ii) early account closure fee may be imposed for accounts closed within 180 days. 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. The maintenance service charge will be waived if you are the tax reported owner on this account and you are an owner on a Flagstar personal checking account. 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.