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PerfectHealth Savings

Save for healthcare expenses with PerfectHealth Savings, a health savings account that complements your high deductible health plan.

Get 3 tax advantages from a health savings account (HSA) like PerfectHealth Savings.

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Advantage 1: No tax on HSA contributions

Contribute up to the IRS maximum for individuals or families. If you're 55 or older, you can save an extra $1,000.1

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Advantage 2: No tax on HSA growth

Sit back and watch your interest and investment earnings grow tax free.1

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Advantage 3: No tax on distributions

Pay for qualified medical expenses tax-free.1 That's what we call a win-win-win.

Feel your best now and in retirement with a health savings account.

If you have a high deductible health plan, PerfectHealth Savings is a smart way to offset your healthcare costs. Use it now or save it for your golden years when these costs are often higher. Invest in your future health today with a tax-sheltered strategy for staying well.

  • For qualified medical, vision, dental, and prescription drug costs (defined in IRS Publication 502)
  • Moves with you if you change employers
  • $1 minimum deposit to open
  • Earn interest with a $500 minimum daily balance
  • Flagstar Visa® Debit Card2

Bank on the go with Mobile Banking.3

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

HSA contribution calculator

Open a health 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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Retirement Accounts

Start here to plan the future you desire for yourself and your family. Tap into our expertise to discover low-cost, high-quality financial solutions that bring clarity and precision to the path ahead.

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Earn 5.55% APY6 with Promo Flagstar Savings Plus

Grow your savings with 5.55% APY6 guaranteed for the first 5 months.

1Please consult a tax or legal expert for advice.

2This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

3Not all devices supported. Available for eligible personal and business deposit account customers only.

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.

Promo Flagstar Savings Plus 5.55% APY 

6Annual Percentage Yield (APY) is accurate as of 6/15/2024. 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.