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. Withdrawals from Roth IRAs before age 59 ½ may be subject to taxes at your current rate, a 10% federal additional tax, and possible state tax. Please consult a tax or legal expert for advice before making contributions, withdrawals or other investment decisions. For Roth IRA CDs, we may assess fees for withdrawals before the maturity date. For Roth IRA Savings, a $50 deposit is required to open the account. Fees may reduce earnings. Accounts will be FDIC insured up to the maximum amount allowed by law.

  • (888) 248-6423