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FLAGSTAR READY SAVINGS

Earn 3.75% APY1 on your savings for
6 months

New Flagstar savings customers can enjoy our best savings rates for their first 6 months while keeping access to their money.

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Ideal for those with $10,000+ in idle cash

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6-month guaranteed rate on $10,000+

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No monthly fee on balances of $300+

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Finish application

Takes ~5 minutes | Secure application

See how much your savings
could earn in just 6 months
$519
Estimated
interest earned
Deposit amount $10,000
Estimated value after 6 months $25,519
Select a deposit amount
$10,000 $200,000
This example is for illustrative purposes only. Estimated earnings are based on a 3.75% APY over 6 months. Actual earnings may vary depending on account terms, funding timing, and withdrawals, if applicable.

Why choose Flagstar Ready Savings?

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Our best savings rate

Earn 3.75% APY1 for 6 months on balances of $10,000+.

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Access to your money

Withdraw or transfer funds anytime–no waiting or penalties.

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FDIC insured

Your savings are protected up to at least $250,000 per depositor.2

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Easily avoid the fee

Multiple ways to waive the $5 monthly fee, including keeping a balance of $300+.

Features and tools included with this account

Avoid the $5 monthly maintenance fee

Choose one of these options to waive your monthly fee.

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Minimum balance

Maintain a $300 average daily balance

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Flagstar Checking Account

Maintain a Flagstar personal checking relationship

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24 or younger

Primary account holder is

24 years old or younger5

How it works

Meeting just ONE of these requirements during each statement period automatically waives your monthly maintenance fee. If none of these conditions are met, a $5 monthly maintenance fee will apply to your account.

Bank on the go with our  Mobile App

Our Mobile App lets you pay bills, send money with Zelle,® deposit checks,3 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.6

4.7 out of 5 on the Apple App Store as of 6/1/2026

4.7 out of 5 stars
visit the following URL to download our app from the apple store: https://apps.apple.com/us/app/flagstar-mobile-banking/id972805390 or Visit the following URL to download our app the Android URL https://play.google.com/store/apps/details?id=com.mynycb.nycb&hl=en_US&gl=US

Scan this code with your phone’s camera to download the Flagstar Mobile App from the Apple App Store or Google Play Store.

Learn more
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FAQs for Flagstar Ready Savings

Yes. Flagstar is an FDIC-insured bank, which means our savings accounts are insured up to at least $250,000 per depositor, for each deposit category.2

Earn 3.75% APY1 for six months when you deposit and maintain a balance of $10,000 or more.

At the end of the 6-month promotional period, the interest rate and APY will revert to the then posted non promotional rate(s) applicable to this account type.

The $5 monthly maintenance fee is waived when you maintain at least a $300 average daily collected balance OR with Flagstar personal checking relationship OR account owner is 24 or younger.

You will need to have your mobile phone available and provide some personal information, like your name and address, as well as your funding account information.

You can fund your savings account during the online application by securely linking an account from another bank.

Yes. You can transfer or withdraw your funds whenever you need them. 

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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.

Flagstar Ready Savings

1Annual Percentage Yield (APY) is accurate as of 6/25/2026. A promotional annual percentage yield of 3.75% is available on balances greater than or equal to $10,000 for the first 180 days after account opening. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate applicable to this account type. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s) applicable to this account type. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. To qualify, you must be a new personal savings client of Flagstar Bank and open a Flagstar Ready Savings account. An initial minimum opening deposit of at least $10,000 is required and must be "new money," which is defined as money that is not currently on deposit in any Flagstar Bank account; money moved from any Flagstar Bank affiliate or subsidiary account or funded from a Flagstar/affiliate loan or line of credit does not qualify. For purposes of this offer, funds from maturing certificate of deposit accounts held at Flagstar Bank will be considered eligible. The account must remain open for the full 180-day promotional period. This offer is limited to one promotion per household. If any signer on this account has previously received a savings promotion from Flagstar Bank, you are ineligible for this offer. This offer cannot be combined with any other offers or promotions. An early account closure fee may be imposed for accounts closed within 180 days. Flagstar Bank employees are not eligible for this offer. Offer subject to change or cancellation at any time without notice. Receiving this offer does not guarantee eligibility. All account applications are subject to our normal approval process. Personal accounts only. Area restrictions may apply.

2Visit fdic.gov for more information about FDIC insurance coverage.

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.

4Currency conversion fee may apply to transactions outside the U.S.

5When the primary account owner reaches 25 years old, age can no longer be used to avoid the monthly service fee.

6Apple 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.