Flagstar BankSavings accountChecked Oct 10, 2026Updated
Flagstar Ready Savings
0.00%APY on $10,000 · as of Oct 10, 2026
- A year on $10,000
- $0 after fees
- Monthly fee
- $5 a month
- To open
- $1 to open
- On our list
- #223 of 234 savings accounts, by a year’s value on $10,000
Visit FlagstarThe bank’s own page · checked Oct 10, 2026
What it earns in a year
Interest at the APY for each balance, minus any monthly fee you’d pay. Rates are variable; these are today’s.
| Balance | APY | A year, after fees |
|---|---|---|
| $1,000 | – | $0 |
| $5,000 | – | $0 |
| $10,000 | 0.00% | $0 |
| $25,000 | 0.00% | $0 |
| $50,000 | 0.00% | $0 |
| $100,000 | 0.00% | $0 |
Rate conditions
- Balance needed for the APY
- $10,000Source · checked Oct 10, 2026
- To earn the APY
- you must be a new personal savings client of Flagstar Bank and open a Flagstar Ready Savings account
- You must make an initial minimum opening deposit of at least $1.00.
- you must deposit additional funds, to maintain a balance greater than or equal to $10,000 is required and must be "new money," which is defined as money that is not currently on deposit in any Flagstar Bank account
- The account must remain open for the full 180-day promotional period.
- Promotional rate lasts
- 6 monthsSource · checked Oct 10, 2026
- Interest compounds
- Interest on Flagstar savings accounts compounds daily and is credited monthly.Source · checked Oct 10, 2026
Fees
- Monthly fee
- $5 a monthSource · checked Oct 10, 2026
- Ways to avoid the monthly fee
- Any one of these:
- Maintain a $300 average daily balance
- Maintain a Flagstar personal checking relationship
- Primary account holder is 24 years old or younger
- Minimum to open
- $1Source · checked Oct 10, 2026
- ATM network
- 56,000+ Flagstar ATMs and over 300 branchesSource · checked Oct 10, 2026
- ATMs in the network
- 56,000Source · checked Oct 10, 2026
Who can open it
- Availability
- Area restrictions may apply.Source · checked Oct 10, 2026
Features
ATM fee rebatesBill payBranch accessInterest bearingMobile check depositOnline openingSavings round upsSpending alertsZelle
From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.
Rates and fees change; the bank’s own page is the final word. Report a mistake · How we make money