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Flagstar Money Market

With a money market savings account, you'll earn a higher interest rate that continues to grow.

The perfect savings account for larger balances

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Tiered interest rates

The higher your balance, the more you'll earn.

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Unlimited access

Access your money anytime with no restrictions.

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Check writing

Enjoy the convenience of being able to write checks from this account.

Grow your savings faster with a money market savings 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.

Bank on the go with Mobile Banking.2

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

Open a money market 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.

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Earn 5.55% APY5 with Promo Flagstar Savings Plus

Grow your savings with 5.55% APY5 guaranteed for the first 5 months.

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Earn up to 5.50% APY6with a CD

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

1This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

2Not all devices supported. Available for eligible personal and business deposit account customers only.

3Not all devices supported. Available for eligible personal and business checking and savings account customers only. Must be an active mobile banking user. Must be a customer for a minimum of two business days. Accounts must be in good standing.

4Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play, and the Google Play logo are trademarks of Google Inc.

Promo Flagstar Savings Plus 5.55% APY 

5Annual Percentage Yield (APY) is accurate as of 6/16/2024. 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.

7-Month CD

6Annual Percentage Yield (APY). 5.50% APY is accurate as of 6/16/2024. 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.