The more you save, the higher your interest rate with Business Advantage Savings. It's a great place to keep funds liquid and benefit from a tiered interest rate that gets better at $25,000, $50,000, and $100,000 milestones.
Important information will be provided to you in the disclosures you receive during the account opening process.
1Once enrolled, Flagstar Bank N.A., will round up your debit card purchases to the nearest whole dollar and transfer the difference from your associated checking account to your eligible savings account to be credited at the end of each day. If on a business day you do not have enough available funds in your checking account, if any transaction has overdrawn your checking account, or if the ending balance is negative, we will not round up purchases. The following exclusions apply: 1) ATM transactions do not qualify 2) Debit card adjustment transactions will not be rounded up 3) If your debit card purchase is canceled or reversed after the round up transfer has been made, the round up transfer will remain in the savings account. We may cancel or modify Round Up at any time without prior notice. You can enroll and opt out of this service through Online Banking.
2This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
3Not all devices supported. Available for eligible personal and business deposit account customers only.
4Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play, and the Google Play logo are trademarks of Google Inc.
5Visit fdic.gov for more information about FDIC insurance coverage.
6Currency conversion fee may apply to transactions outside the U.S.