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Business Savings Accounts

Making your money work harder is simple with Flagstar’s business savings accounts.

Let’s make every dollar count

Start earning interest on your excess profits or business fund reserves. Put your money to work with the competitive rates you’ll find in our business savings accounts.

APY1 for 5 months

Boost your business savings with higher interest rates.

  • 5.55% APY1 guaranteed for the first 5 months with balances of $25,000 or more
  • $100 minimum to open
  • $5 monthly maintenance fee, waived with $500 average daily balance
  • Interest paid monthly on accounts with monthly activity; quarterly interest payments otherwise

Access your accounts anytime, anywhere

When business has you on your toes, Flagstar Corporate Connect keeps you in control. With our all-in-one business banking online platform, you can check balances and payment history, pay taxes and bills, make stop payments, and more on your schedule.

Important information will be provided to you in the disclosures you receive during the account opening process.

Business Solutions Savings 5.55% APY

1Annual Percentage Yield (APY) is accurate as of 7/12/2024. Tier 1 $25,000.00 - $999,999,999.99 features an annual percentage yield of 5.55%. Tier 2 $0 - $24,999.99 features an annual percentage yield of 0.10%. Initial minimum opening deposit to earn the higher interest rate on the Business Solutions Savings account is $25,000.00 and must be “New Money,” which is defined as money that is not currently on deposit in any Flagstar Bank account (except maturing CDs). Additionally, (i) account must be funded within 60 days of the approval date and (ii) early account closure fee and reclamation of interest paid may be imposed for accounts closed within 180 days. The 5.55% APY is guaranteed for the first 5 months after account opening. After the promotional period, the account will earn the posted interest rate of the Business Solutions Savings account, which is a variable rate and subject to change. A maintenance service charge of $5 will be imposed every statement cycle if the average daily balance in the account is less than $500. Not available for public units. Fees may reduce earnings. Limited time offer. Area restrictions may apply.