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Club Savings

Start saving for your next trip abroad or holiday gift haul with our Vacation and Holiday Club savings accounts.

A smart way to save for holiday season and vacation expenses.

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No monthly fees

We won't charge you monthly fees for your account.

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Automatic transfers

Set-up automatic transfers at anytime to your club savings account.

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Arrives right on time

Receive your funds by internal transfer or check in mid-April for your trip or mid-October for holiday sales.

Club savings options for the most expensive times of the year.

Choose from these two unique accounts that make saving for your biggest annual expenses a breeze. Whether you're saving for your next trip or holiday season, these club savings accounts help you stay on track to reach your goals. 

Prepare for the holiday season

Holiday Club Savings

Maximize your savings for holiday gifts and travel expenses with this holiday savings account. You’ll receive a check for the full balance of the account mid-October each year.

  • No minimum balance requirement
  • No monthly fee, regardless of balance
  • Matures mid-October annually
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Save for Vacation

Vacation Club Savings

Save big for your dream vacation or annual family trip with this vacation savings account. You’ll receive a check for the full balance of the account mid-April each year.

  • No miminum balance requirement
  • No monthly fee, regardless of balance
  • Matures mid-April annually
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Plan ahead for travel and holiday expenses.

Start saving today for your biggest expenses of the year. That way, when it comes time to book your dream vacation or buy holiday gifts for the whole family, you'll be more than prepared. Club accounts mature annually and you'll receive a check for the full balance in your account. 

Holiday & Vacation Club
Savings Account FAQs

There are several smart reasons to open a Flagstar Holiday Club Savings account:

  • To save up for holiday gifts, travel, and gatherings
  • To track your progress toward your savings goal
  • To keep your holiday savings separate so you won’t be tempted to use it for something else
  • To plan your holidays around the amount you were able to save

Flagstar Vacation Club Savings makes it easy to save for your next big trip. Here’s how it works:

  • Open an account with $1 or more. (Find a branch near you.)
  • Make as many or as few deposits as you’d like. You could dedicate a certain monthly amount, add money as you can, or make one large deposit from a bonus or tax refund. It’s up to you!
  • Your Vacation Club Savings account earns interest to boost your savings.
  • In mid-April, you’ll receive a check with all of your account funds—just in time for travel season! Want to get the funds faster? Have them transferred to your Flagstar checking or savings account.

There are several smart reasons to open a Flagstar Vacation Club Savings account:

  • To save a certain amount for your next vacation
  • To track your progress toward your savings goal
  • To keep your travel money separate so you won’t use it for other expenses
  • To plan your vacation based on the amount you save

Open a holiday or vacation club 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.

Savings calculators

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Saving for a Goal Calculator

How quickly can you turn your goal into a reality?
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Compound Interest Rate Calculator

What are the benefits of compounding?
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Emergency Fund Calculator

How much should I set aside for emergencies?

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Earn 4.20% APY2 with Flagstar Performance Savings

Grow your money with a great savings rate.
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Earn up to 4.40% APY3 with a CD

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

Explore our personal checking account options to find the right fit for you. 

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.

1Not all devices supported. Available for eligible personal and business deposit account customers only.

Flagstar Performance Savings

2Annual Percentage Yield (APY) is accurate as of 3/24/2025. 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 4.20%. Tier 4 $50,000.00 – $99,999.99 features an annual percentage yield of 4.20%. Tier 5 $100,000.00 – $499,999.99 features an annual percentage yield of 4.20%. Tier 6 $500,000.00+ features an annual percentage yield of 4.20%. 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.

3Annual Percentage Yield (APY). 4.40% APY is accurate as of 3/24/2025 and available as a 6-month term. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $2,500 minimum opening deposit required. Maximum deposit is $10 million. Deposited funds must be “new money,” which is defined as money that is not currently on deposit in any Flagstar Bank account (except maturing CDs). Not available for public units. Certain restrictions, including area restrictions, may apply. Offer subject to change or cancellation at any time without notice. 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.