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Earn 5.55% APY1 with Promo Flagstar Savings Plus

Grow your savings with 5.55% APY1 guaranteed for the first 5 months.

Let the numbers do the talking.

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5 months at 5.55% APY1

Get a guaranteed promotional rate for 5 months with balances of $25,000 or more.

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No monthly fee with a Flagstar checking account

Avoid monthly service charge when you have a Flagstar personal checking account

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$1 to open

The minimum deposit to open this account is only $1.

The math is easy. Save more = earn more.

Promo Flagstar Savings Plus is perfect for serious savers. Your savings rate grows when your balance reaches different levels, so you'll earn more by saving more. Plus, you can keep an eye on your savings 24/7 with online and mobile banking.2

  • 5.55% APY1 guaranteed for the first 5 months with balances of $25,000 or more
  • Higher interest rates with higher balances. 
  • Only $1 to open
  • $15 monthly service charge, waived with $10,000 average daily balance OR with a Flagstar personal checking account
  • Flagstar Visa® Debit Card3
  • Online and Mobile Banking2

Bank on the go with Mobile Banking.2

Mobile Banking lets you pay bills, move money, deposit checks,4 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.5

So many ways to save

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Earn interest on your savings.

Your money works harder with interest on your savings.

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Convenient ways to make a deposit

It's your choice: online, at a Flagstar ATM or branch, via mobile deposit4 or direct deposit,  by phone, with automatic transfers, and more.

Start saving. Open a savings account today.

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Apply online

Open an account anytime, day or night. It’s easy and secure.

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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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Certificate of Deposit Accounts

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.

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Flagstar Visa® Credit Cards

Choose a credit card with the perks you want, like cash back, rewards, bonuses, and more.

Promo Flagstar Savings Plus 5.55% APY 

1Annual Percentage Yield (APY) is accurate as of 4/19/2024. 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.

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

3This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

4Not 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.

5Apple 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.