The math is easy.
Save more = earn more.
Flagstar Performance Savings is the perfect interest savings account for serious savers. Plus, you can keep an eye on your savings 24/7 with online and mobile banking.2
FDIC-Insured—Backed by the full faith and credit of the U.S. Government
A recipe for better savings
Get a great savings rate with balances of $25,000 or more.
Avoid the $15 monthly service charge when you have a Flagstar personal checking relationship.
Flagstar Performance Savings is the perfect interest savings account for serious savers. Plus, you can keep an eye on your savings 24/7 with online and mobile banking.2
Account features
Requirements and fees
Funds in the Flagstar Performance Savings account are FDIC insured in accordance with account ownership limits.
You may add beneficiaries to the Flagstar Performance Savings account.
You are allowed 20 transactions per 24-hour period, and a dollar limit of $1,000 per 24-hour period. Please note that standard fees apply for some transactions, such as withdrawals and balance inquiries from non-Flagstar ATMs.
If your account is closed within six months of opening, you are subject to a $30 early closing fee and possible forfeiture of any interest you’ve earned on the account.
Easy to open online. Easy to set up.
You can open an account anytime, day or night. It’s simple, secure, and takes just minutes. Get started with an initial deposit of $1.
Verify your identity.
We'll perform a quick security check to protect your information. You need to be at least 18 and provide your Social Security number.
Tell us about yourself.
Here’s where you enter your info, like name and address, any joint owners, and identification (e.g., driver’s license, state ID, or passport).
Make a deposit.
Add money with an online transfer (have the routing and account numbers for an existing account ready) or at a branch.
Rather open an account in person? Find your nearest branch.
Mobile Banking lets you pay bills, move money, deposit checks,5 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.6
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.