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Personal Savings Accounts High-Yield Savings Account

High-Yield Savings Account

Take advantage of a savings account with interest rates to reach your savings goals.

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The more you save, the more you earn.

For serious savers who are ready to see big gains, our High-Yield Savings offers formidable interest rates for maintaining higher balances. Discover all the benefits of a Flagstar Bank High-Yield Savings Account.

KEY ACCOUNT FEATURES:

  • Earns interest—view rates
  • Preferred CD rates are available by keeping $5,000 or more in combined checking, savings, and money market accounts1
  • 24-Voice Phone Banking Call (888) 248-6423
To apply call (866) 970-1691

SERVICE FEE:

$35 monthly service fee

OR NO MONTHLY SERVICE FEE WITH:

Flagstar personal checking account 

OR NO MONTHLY SERVICE FEE WITH:

A $50,000 average daily balance2

All High-Yield Savings accounts come with:

Online Banking
ONLINE BANKING
Mobile Banking
MOBILE BANKING WITH MOBILE DEPOSIT3
ATM
FREE ACCESS TO A NETWORK OF OVER 56,000 ALLPOINT AND PRESTO ATMS WORLDWIDE4
FREE VISA® DEBIT/ATM CARD5

Get greater returns for your deposits with Flagstar Bank’s High-Yield Savings Accounts.

A High-Yield Savings account offers high interest savings. If you can maintain a higher balance, you can enjoy a higher return that helps your money continue to grow on its own. From discussing your options to comparing High-Yield Savings rates, our bankers are on hand to prepare an account that’s tailor-made to your financial goals.

To apply call (866) 970-1691

Open a savings account today

Apply over the phone
(866) 970-1691
Apply at your local branch

You may also be interested in:

SimplyKids Savings Account
Learn more
Certificates of Deposit
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Credit Cards
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INFORMATION TO NOTE:

Rate information — Your interest rate and annual percentage yield may change. 

Frequency of rate changes — We may change the interest rate on your account at any time. 

Determination of rate — At our discretion, we may change the interest rate on your account. 

Compounding and crediting frequency — Interest will be compounded every month. Interest will be credited to your account every month.

No minimum opening balance required to open in a branch. $1 minimum to open online. 

Daily balance computation method — We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits — Interest begins to accrue on the first business day after the business day you deposit noncash items (for example, checks).

Interest accrual upon account closure — Interest accrues up to the business day that you close your account and is credited when the account is closed.

 

1Excludes promotional rates.

 

2Based 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 exceed the account requirement.

 

3Not 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  customer for a minimum of two business days.  SimplyOne account holders are not eligible.  Accounts must be in good standing.

 

4Currency conversion fee may apply to transactions outside the U.S.

 

5This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

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.

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Flagstar has been named one of the Top 100 Banks by GOBankingRates.
Flagstar is proud to be recognized by Forbes as one of America’s Best Banks.
Flagstar is proud to be recognized by Forbes as one of America’s Best Banks.