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Lock in 3.80% APY1
now for 12 months

Put your savings to work for the next 12 months with a guaranteed return you can count on.

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3.80% APY1 guaranteed rate for 12 months

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Open with just $500

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FDIC protection up to $250k2

Open your 12-month CD →

Takes ~5 minutes | Secure application

3.80% APY • 12-Month CD
See your estimated savings
$400
Estimated
interest earned
DEPOSIT AMOUNT $10,000
VALUE AT MATURITY $10,400
Select a deposit amount
$10,000 $200,000
This example is for illustrative purposes only. Actual earnings may vary depending on account terms, funding timing, and withdrawals or penalties, if applicable.

What to know before opening

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Is this CD right for you?

Good for money you can set aside for 12 months in exchange for a guaranteed return.

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How does this CD work?

Open with at least $500 and lock in a guaranteed return for the full 12-month term.

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What do you need to open?

Have your ID, Social Security number, and funding account information ready.

Open your 12-month CD →

Why choose Flagstar Bank?

Building with cloud

FDIC insured up to $250,0002

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Over 300 branch locations

Building with cloud

Trusted for 160+ years

FAQs

The early withdrawal fee on this Flagstar 12-month CD is 180 days of daily compound interest.

Yes. Flagstar is an FDIC-insured bank, which means customer CDs are insured up to at least $250,000 per depositor, for each deposit category.2

The minimum opening deposit for this 12-month CD is $500.

You will need to provide some personal info, like your name and address, valid identification (e.g., driver’s license, state ID, or passport), as well as your funding account information.

You can fund your CD during the online application by securely linking an account from another bank.

When your CD term ends, you have options—renew it, choose a new term, move your money to a different savings option, or withdraw your funds.

Ready to open your 12-month CD?

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Open online

Open an account anytime, day or night. It’s easy and secure.

Open at your local branch

We’ll walk you through it. Stop by the nearest branch to open an account in person.

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.

Interest rates are tiered to a maximum amount.

1Annual Percentage Yield (APY). 3.80% APY is accurate as of 6/7/2026 and available as a 12-month term. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $500 minimum opening deposit required. Maximum deposit is $10 million. 'New Money' is defined as funds that are not currently deposited in any account at Flagstar Bank. Not available for public units or Business CDs. Certain restrictions, including area restrictions, may apply. Offer subject to change or cancellation at any time without notice. Must present offer at account opening. Limited-time offer. Important information will be provided to you in the disclosures you receive during the account opening process. Please contact your local branch for more information.

2Visit fdic.gov for more information about FDIC insurance coverage.