Let's Keep Saving, Michigan

Choose the account that fits your needs after the 12-month promotional period ends.

 

90savings-promo1u
  • After 12-month promo $300 minimum balance required1
  • 12-month rate guaranteed
  • No checking account required
  • No minimum balance required during 12-month promo period
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90savings-promo2u
  • After 12-month promo $25,000 minimum balance required2
  • 12-month rate guaranteed
  • No checking account required
  • No minimum balance required during 12-month promo period
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90savings-promo3u
  • After 12-month promo $50,000 minimum balance required3
  • 12-month rate guaranteed
  • No checking account required
  • No minimum balance required during 12-month promo period
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National average savings rate based on savings products with a $2,500 product tier as reflected on the FDIC.gov web site dated 3/27/2017.

1Annual Percentage Yield (APY). 0.90% APY is accurate as of 6/23/2016 on SimplySavings Promo accounts. Funds currently deposited in accounts at Flagstar Bank are not eligible for promotional interest rate. The 0.90% 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. After the 12-month promotional period 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.

2Annual Percentage Yield (APY). 0.90% APY is accurate as of 6/23/2016 on Max Savings Promo accounts. Funds currently deposited in accounts at Flagstar Bank are not eligible for promotional interest rate. The 0.90% 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 SimplyMax Savings account in effect at that time and is subject to change. After the 12-month promotional period a maintenance service charge of $25 will be imposed every month if the average daily collected balance in the account falls below $25,000. 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.

3Annual Percentage Yield (APY). 0.90% APY is accurate as of 6/23/2016 on Elite Savings Promo accounts. Funds currently deposited in accounts at Flagstar Bank are not eligible for promotional interest rate. The 0.90% 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 Elite Savings account in effect at that time and is subject to change. After the 12-month promotional period a maintenance service charge of $35 will be imposed every month if the average daily collected balance in the account falls below $50,000. 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.