Flagstar Bank CD Rates and Savings Accounts

Flagstar bank is offering a great online CD special with a 3.25% yield. Minimum deposit is only $500, and this is good on a 9 month CD. Short term CD’s are never a bad idea when the return on investment is good. Flagstar is also offering some half decent rates on their other short term bank CD’s as well. They have a 6-month CD at 2.86% as well as a 3.40% APY 36-month CD for those willing to have their money held a bit longer.

Keep in mind that the CD may renew at a lower rate when the maturity date has been complete, so you may want to write and have a letter ready to close it out, as this is the only way to do it.

Flagstar has had some issues like other banks with mortgage loans, so they may not have the highest of soundness ratings at the moment. Either way remember you are insured up to $250,000. If you want to find out more about their checking and savings accounts, just call them up and speak with a representative.