Savings Accounts
Have a savings goal in mind? Our Savings products are designed to work with you right where you are in life. Choose the account that works best for you.
Find the right account for your needs.
Lock in 12 months at 1.30% APY1—yielding more than the national average savings rate.2
A great choice if you want to keep things simple. Earn interest with every deposit you make.
If you have this savings thing down, this is the account for you. In fact, the higher the balance you maintain, the higher your interest rate.3
If you typically keep a balance of $50,000 or more, consider High-Yield. This account offers our most formidable tier of interest rates.
Looking for a way to help plan for healthcare costs? An HSA account can be a valuable tool toward that effort.
This is the one to choose if you'd like to teach your child the value of money, as well as the importance of saving for the future.
All savings 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.
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.
1Annual Percentage Yield (APY). 1.30% APY is accurate as of 6/4/2018 on SimplySavings Promo accounts. Funds currently deposited in accounts at Flagstar Bank are not eligible for promotional interest rate. The 1.30% APY is guaranteed for the first 12 months. After the 12 month promotional period, account balances will earn the variable interest rate paid on the standard SimplySavings account in effect at that time and is subject to change. A maintenance service charge of $3 will be imposed every month if the average daily collected balance in the account falls below $300. This charge may be waived if the account is linked to any Flagstar personal checking account. Not available for businesses or public units. Fees could reduce earnings. No minimum deposit to open. Personal accounts only. This offer is by invitation only. Must present offer at account opening. Limited-time offer. Michigan residents only.
2National average savings rate based on savings products with a $2,500 product tier as reflected on the FDIC.gov web site dated 10/23/2017.
3Interest rates are tiered to a maximum amount.
4Not all devices may be supported. Customer eligibility required. Personal customer checking and savings accounts only.
5Currency conversion fee may apply to transactions outside the U.S.
6This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc