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Flagstar Kids Savings

Teach your kids and teens about saving with an account designed especially for them.

A great way for kids to start managing their own money.

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Earn more on the first $500.

Give your child an incentive to save with a higher interest rate on the first $500. 

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Automatic transfers

Parents and kids can setup automatic transfers anytime if they both have Flagstar accounts.

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Worry-free savings

No monthly fees or minimum balance.

Grow your child's savings with a
kid's savings account.

It's never too early to start teaching the importance of saving. Our kids savings account can help your child learn to manage their money early and develop responsible financial habits to carry into adulthood. 

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

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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College Cost Estimator

How much will college cost?

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Emergency Fund Calculator

How much should I set aside for emergencies?

Open a kids 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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Talk to your kids about money

Learn how establishing a financial foundation while your kids are young can have a lasting impact.

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College fund for kids

No matter how you choose to start a college fund, Flagstar can help. We’ll make sure you’re on track to ensure your kid has the best chances at success.

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 7/19/2024. 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.