SimplyMoneyMarket™ Account
With competitive interest rates and the flexibility to access funds, money market accounts are an ideal alternative to other savings options. Expand your savings portfolio by opening a money market account.
Higher returns ahead with a money market account
If you’re looking for an account that offers access to your funds, consider SimplyMoneyMarket from Flagstar Bank. Account funds may be accessed by checks (unlike savings accounts) and offer competitive, tiered money market interest rates. The higher the balance you hold, the more you’re able to earn.1
MONEY MARKET ACCOUNT FEATURES:
- Tiered interest rates1—view rates
- Ability to write checks
- Preferred CD rates available by keeping $5,000 or more in combined checking, savings, and money market accounts2
- 0.25% rate reduction on home equity lines of credit when payments are automatically made from this account3
- 0.25% rate reduction on personal loans, personal lines of credit, and home equity loans, when payments are automatically made from this account3
- Free Visa® debit/ATM card4
- 24-Voice Phone Banking Call (888) 248-6423
Meet with us at one of our branches to open a money market account.
SERVICE FEES:
$10 monthly service fee
OR NO MONTHLY SERVICE FEE WITH:
A Flagstar personal checking account
OR NO MONTHLY SERVICE FEE WITH:
A $5,000 average daily balance5
SimplyMoneyMarket account comes 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.
2Excludes promotional rates.
3Subject to loan approval. Excludes mortgages. Automatic payments must be established and elected at time of application. Subject to change at any time.
4This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
5Based 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.
6Not all devices supported. Available for eligible personal and business checking and savings account customers only. CD customers may view their balance and account activity only. Must be an active personal online banking user. Must be customer for a minimum of two business days. Accounts must be in good standing.
7Currency conversion fee may apply to transactions outside the U.S.