Flagstar Bank

Last Updated: 7/15/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

Flagstar Performance Savings: 4.00% APY(Rank 51 out of 77 tracked HYSAs)

Minimum Deposit: $1 | Online Only

National Savings Interest Rate: 0.38% (as of 6/16/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

App Store Rating: 4.7/5

Google Play Rating: 4.3/5

Website: Visit Flagstar Bank

Our Take on Flagstar Bank

Highlights

Current APY of 4.00%, unchanged from 30 days ago.
Minimum deposit of only $1 for the Flagstar Performance Savings account.
High App Store rating of 4.7.
No direct deposit requirement for the savings account.

Considerations

Maintenance fee of $15, unless waived with $10,000 average balance.
Minimum balance of $25,000 required for higher APY.
No branches available for in-person banking.
BBB rating not available.

Summary: Flagstar Bank offers a competitive APY of 4.00% for its Performance Savings account, with a low minimum deposit of $1. However, savers must maintain a balance of $25,000 to avoid a $15 maintenance fee. The bank has a strong App Store rating of 4.7, but lacks branch access and a BBB rating. Overall, it may suit online-savvy savers looking for high yields.

Savings Account

Savings Account Offered by Flagstar Bank

Feature	Flagstar Performance Savings
APY	4.00% (as of 7/15/2025)
APY Trend	Stable for the last month
Minimum Deposit	$1
Minimum Balance for APY	$25,000
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Monthly
Maintenance Fee	$15, waived with $10,000 avg. daily balance OR with Flagstar personal checking account
Eligibility	United States
Note	This is a tiered savings account, where failure to meet the minimum balance requirements results in a much lower APY.
No deposit agreement summary available for this bank.

Calculate Savings for Flagstar Bank

All calculations are based on APY.

Savings Product:

Flagstar Performance Savings (APY: 4.00%)

Initial Deposit:

⚠️ The minimum balance for APY on this account is $25,000.

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $0 (0.00%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (100.00%)

Your total balance

$100.00

Effective APY: 0.00% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Flagstar Bank Savings Rates Over Time

Historical APY Insights

Metric	Flagstar Performance Savings
Latest APY	4.00 %
Trend	Falling
Slope (bps/mo)	-5.9
Rate Changes / Mo	0.45
Days Since Last Change	57
High (-4 m)	4.20 %
Low (-4 m)	4.00 %
Draw-down from High	-4.8 %
Volatility (CV)	0.020

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 4 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-4 m): Highest APY in the last 133 days.
Low (-4 m): Lowest APY in the last 133 days.
Draw-down from High: How far today sits below the 4-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Flagstar Bank's Savings Account

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Feature	Flagstar Bank	Select a bank...
Product	Flagstar Performance Savings	N/A
APY	4.00% (as of 7/15/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Monthly	N/A
Minimum Deposit	$1	N/A
Minimum Balance for APY	$25,000	N/A
Maintenance Fee	$15, waived with $10,000 avg. daily balance OR with Flagstar personal checking account	N/A
Direct Deposit Required	No	N/A
Note	This is a tiered savings account, where failure to meet the minimum balance requirements results in a much lower APY.	N/A