SimplyMax Checking®
Serious interest for serious deposits
Who thought that a checking account could be so rewarding?
If you maintain higher balances in your account, you’ll be able to earn Flagstar Bank's best checking interest rates. SimplyMax Checking® is a robust account that offers all of Flagstar Bank’s great checking features, plus the ability to waive your monthly maintenance fee, annual free checks, and much more.
KEY ACCOUNT FEATURES:
- Earns our highest checking account interest1—view rates
- $25 monthly service fee can be waived2
- Flagstar $2.50 ATM transaction fee waived when you use another bank’s ATM (unlimited)
- 0.50% rate reduction on personal loans, home equity loans, and home equity lines of credit when payments are automatically made from this account3
- Preferred CD rates are available by keeping $5,000 or more in combined checking, savings, and money market accounts4
- Free box of custom checks or 50% off any other check style (once per year)
- We’ll refund up to $20 per statement cycle in ATM fees charged by other banks (upon request)
- Free VISA® debit/ATM card5
- 24-hour telephone banking
- Minimum $50 deposit to open
SERVICE FEE:
$25 Monthly Service Fee
OR NO MONTHLY SERVICE FEE WITH:
A $5,000 average daily balance,6
OR NO MONTHLY SERVICE FEE WITH:
A $25,000 average daily balance6 in combined personal checking, savings, money market, and CD accounts
All checking accounts come with:
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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.
1Interest rates are tiered to a maximum amount. View interest rates.
2The $25 monthly service fee for SimplyMax Checking accounts can be waived with: A $5,000 average daily balance, or a $25,000 average daily balance in combined personal checking, savings, money market, and CD accounts.
3Subject to loan approval. Excludes mortgages.
4Excludes promotional rates.
5This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
6Based on Average Daily Balance. Unlike many other banks, we use Average Daily Balance rather than Minimum Daily Balance to waive monthly service fees on all of our deposit accounts. This means that regardless of how low your balance may fall, you will not incur a service fee as long as your Average Daily Balance for the entire statement cycle meets or exceeds the account requirement.
7Not all devices may be supported. Customer eligibility required. Personal customer checking and savings accounts only. Must be an active personal online banking user. Must be a customer for a minimum of two business days. SimplyOne account holders are not eligible. Accounts must be in good standing.
8Currency conversion fee may apply to transactions outside the U.S.