Roth IRA CDs
  • $500 minimum deposit to open
  • Terms ranging from seven days to 120 months
  • 10-day grace period
  • At the time of renewal, the interest credited to the account becomes part of the principal for the next term
  • Low annual fee of $5 that covers all accounts under the retirement plan
  • Distributions without penalty if you are over the age of 59½
Roth IRA Savings Account
  • Appeals to those who want to save for retirement a little at a time
  • An initial deposit is required at the time the account is established
  • Low annual fee of $5 that covers all accounts under the retirement plan
  • Monthly statements
  • Interest paid monthly
  • 24-hour telephone banking available for balance inquiries at (888) 248-6423

Please visit your nearest Flagstar branch to learn more about IRAs.

To contribute to a Roth IRA, you or your spouse must have earned income, and your modified adjusted gross income (MAGI) may not exceed certain limits. Please consult your tax advisor.

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