Flagstar Bank: Savings Accounts & Rates

Savings rates updated: 11/16/2025

Mission statement: Banksparency aims to make Flagstar Bank's savings accounts transparent and comparable to those of other banks. .

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Flagstar Performance Savings: 3.65% APY(Rank 63 out of 87 tracked HYSAs)

Minimum Deposit: $1 | Online Only

Offered by the affiliated My Banking Direct:

High Yield Savings Account: 4.02% APY(Rank 29 out of 87 tracked HYSAs)

Minimum Deposit: $500 | Online Only

National Savings Interest Rate: 0.4% (as of 10/20/2025)

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

(Source: FDIC)

Bank Overview

Location: Hicksville, New York (previously: Troy, Michigan)

Founded: 1987

Deposit Insurance: FDIC Cert # 32541

BBB Rating: F (Not BBB Accredited)

App Store Rating: 4.7/5

Google Play Rating: 4.4/5

Website: Visit Flagstar Bank

Our Take on Flagstar Bank

Highlights

Current APY of 3.65%, competitive for high-yield savings accounts.
No minimum deposit requirement, making it accessible to many savers.
App Store rating of 4.7 indicates strong customer satisfaction.
Online-only account offers convenience for managing savings.

Considerations

BBB rating of F, indicating trustworthiness concerns.
Maintenance fee of $15 unless specific balance conditions are met.
APY decreased from 3.90% over the last 30 days.
Minimum balance of $25,000 required to earn higher APY.

Summary: Flagstar Bank offers a competitive APY of 3.65% on its Performance Savings account, appealing to savers. However, it has an F rating from the BBB, raising trust issues. The account requires a minimum balance of $25,000 to maintain the higher APY, and a $15 maintenance fee applies without certain conditions. The bank's app ratings are strong, but the recent decrease in APY may deter some potential customers.

Savings Account: In-Depth View

Savings Account Offered by Flagstar Bank

Feature	Flagstar Performance Savings
APY	3.65% (as of 11/16/2025)
APY Trend	-0.10% WoW/-0.25% MoM/-0.35% QoQ
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.
Sponsored Link
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: 3.65%)

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: $13,000 (92.86%)
Initial deposit: $1,000 (7.14%)

Your total balance

$14,000.00

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	3.65 %
Trend	Sideways
Slope (bps/mo)	-4.1
Rate Changes / Mo	0.58
Days Since Last Change	1
High (-8 m)	4.20 %
Low (-8 m)	3.65 %
Draw-down from High	-13.1 %
Volatility (CV)	0.030

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 257 days.
Low (-8 m): Lowest APY in the last 257 days.
Draw-down from High: How far today sits below the 8-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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TD Bank - 0.05-2.75% APY
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UFB Direct - 3.51-3.71% APY
Upgrade - 3.05% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
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Wealthfront - 3.50-4.15% APY
Wells Fargo - 0.05-0.05% APY
Western Alliance Bank - 4.05% APY
Zynlo Bank - 4.20% APY

Feature	Flagstar Bank	Select a bank...
Product	Flagstar Performance Savings	N/A
APY	3.65% (as of 11/16/2025)	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

Alternatives to Flagstar Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

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