Flagstar Bank: Savings Account & Rates
Mission: Banksparency aims to make Flagstar Bank's savings accounts transparent and comparable to the market.
Savings Overview
Flagstar Performance Savings
| Min. Deposit | $1 |
| Min. Balance | $25,000 |
| Maintenance Fee | $15, waived with $10,000 avg. daily balance OR with Flagstar personal checking account |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.25% APY.
Also see affiliated bank: My Banking Direct
View productsBank Overview
- HQ LocationHicksville, New York (previously: Troy, Michigan)
- Founded1987
- Ratings & Trust
- Deposit InsuranceFDIC Insured(Cert: 32541)
Our Take on Flagstar Bank
Highlights
- High APY of 3.51% for Flagstar Performance Savings
- No minimum deposit required for account opening
- Maintenance fee waived with $10,000 average daily balance
- Online-only account offers convenience
Considerations
- F rating from BBB, not accredited
- Lower APY if minimum balance is not maintained
- Maintenance fee of $15 if balance requirements are not met
- No direct deposit option available
Savings Account: In-Depth View
Savings Account Offered by Flagstar Bank
| Feature | Flagstar Performance Savings |
|---|---|
APY | 3.51%Verified: 12/6/2025 |
APY Trend | 30 days ↘︎ 0.24% 90 days ↘︎ 0.49% |
Min. Deposit | $1 |
Min. Balance | $25,000 |
Monthly Fee | $15, waived with $10,000 avg. daily balance OR with Flagstar personal checking account |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Monthly |
FDIC Insured | Yes |
Eligibility | United States |
Important | This is a tiered savings account, where failure to meet the minimum balance requirements results in a much lower APY. |
| Next Steps | - |
Calculate Savings for Flagstar Bank
Minimum balance for higher APY: $25,000
Savings Breakdown
- Interest Earned+$0.00(0.0%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,000.00
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
Last 9 Months| Metric | Flagstar Performance Savings |
|---|---|
Latest APY | 3.51% |
Trend | Falling |
Slope (bps/mo) | -5.3 |
Rate Changes / Mo | 0.65 |
Days Since Last Change | 7 |
High (-9m) | 4.20% |
Low (-9m) | 3.51% |
Draw-down | -16.4% |
Volatility (CV) | 0.042 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 277-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Flagstar Bank
| Feature | Current View Flagstar Bank | Empty Slot |
|---|---|---|
| Product | Flagstar Performance Savings | - |
APY | 3.51%Verified: 12/6/2025 | - |
APY Trend | 30 days ↘︎ 0.24% 90 days ↘︎ 0.49% | - |
| Min. Deposit | $1 | - |
| Monthly Fee | $15, waived with $10,000 avg. daily balance OR with Flagstar personal checking account | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Monthly | - |
FDIC Insured | Yes | - |
| Note | This is a tiered savings account, where failure to meet the minimum balance requirements results in a much lower APY. | - |
| Next Steps | - | - |
Alternatives to Flagstar Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Varo Bank
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Forbright Bank
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