The perfect savings account for larger balances
The higher your balance, the more you'll earn.
Access your money anytime with no restrictions.
Enjoy the convenience of being able to write checks from this account.
Open a Flagstar Money Market account and get a better interest rate and bigger savings. This money market savings account includes the ability to write checks, so you can access your funds anytime and keep earning a great rate. Plus, with a tiered interest rate you will earn more as your account balance grows.
Mobile Banking lets you pay bills, move money, deposit checks,3 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.4
It’s a savings account that combines features of both savings and checking accounts. Like savings accounts, money market accounts pay interest, although at a generally higher rate than a savings account. Interest on money market accounts is typically tiered, which means the rate increases when the balance reaches specific amounts.
Like checking accounts, money markets allow check writing and usually come with a debit card.
With a Flagstar Money Market account, there is a $2,500 minimum deposit to earn interest. After you reach or surpass that amount, your account will earn interest that is compounded based on the deposit agreement. We offer tiered interest rates up to $10 million.
Yes! Flagstar is an FDIC-insured bank, which means customer deposits, including deposits in money market savings accounts, are insured up to at least $250,000 per depositor for each deposit category.
There are several ways to make a deposit into your money market account:
102 Duffy Ave.
Hicksville, NY 11801
Attn: Bank by Mail
Money market accounts typically pay higher interest rates than savings accounts and usually require a higher minimum balance.
Unlike savings accounts, money market accounts usually offer check writing and debit cards.
Yes. Interest on money market accounts, as well as regular savings accounts, is taxable as earned income.
That depends on several things, but here is some general advice:
We’ll walk you through it. Stop by the nearest branch to open an account in person.
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.
