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Certificates of Deposit

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.

Find the right CD account for your savings goals.

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Earn a higher interest rate.

CDs usually earn more than traditional savings accounts.

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Flexible terms

Choose from a wide range of terms to support your goals.

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CDs starting at $500

Whatever amount you want to save, make it work harder with a CD.

Lock in a great rate to save today.

Whether you’re looking to earn more in the short term or are able to save for the long haul, our wide range of certificates of deposit can meet your financial needs. Our bankers can lock you into a guaranteed rate that offers higher returns and zero market risk—just choose your terms and start earning.

  • Locked-in interest rate
  • Minimum deposits starting at $500
  • No fees if you hold your CD to maturity
  • Choose from a wide range of terms
  • FDIC-insured up to at least $250,000 per depositor1

Do you need to renew an
existing CD?

Start saving 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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Earn 5.55% APY2 with Promo Flagstar Savings Plus

Grow your savings with 5.55% APY2 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.

1Visit for more information about FDIC insurance coverage.

Promo Flagstar Savings Plus 5.55% APY 

2Annual Percentage Yield (APY) is accurate as of 7/24/2024. 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.

*Annual Percentage Yield (APY). APY is accurate as of 7/24/2024. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $1,000 minimum opening deposit required for 10 day CD term. $2,500 minimum opening deposit required for 1 month – 6 month CD terms. $500 minimum opening deposit required for 7 month and longer CD terms. Maximum deposit is $10 million. Funds currently deposited in accounts at Flagstar Bank may not be eligible for promotional interest rates. Not available for public units. Certain restrictions may apply. Rates subject to change at any time without notice. Area restrictions may apply. 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.