Flagstar Direct
Flagstar Direct is a mid-sized bank headquartered in Troy, MI. This bank is an internet bank and does not have local branches. Flagstar Direct has deposits of $9.6 billion, and was established in May 1987.
This bank is FDIC insured - all deposits are protected for up to $250,000. Products offered by the bank include: High Yield CD, Express Savings, Express Money Market and Express Internet Checking.
Current Flagstar Direct Rates
| Name | Term | APY | Min Deposit | |
| High Yield CD | 6 months | 0.45 % | $500 | |
| 1 year | 0.50 % | $500 |
About Flagstar Direct
Flagstar Direct is built around helping you get what you need. Our online banking products are simple and innovative, specifically designed to help you grow your money faster. Even better, along with our outstanding products you get our award-winning customer service.
Plus, we're more than just an online bank. We're backed by Flagstar Bank, the largest savings bank headquartered in the Midwest and the largest financial institution headquartered in Michigan. Flagstar has been in business as a federal savings bank since 1987 and today has assets in excess of $16 billion and approximately 160 banking centers in Michigan, Indiana and Georgia, in addition to convenient online banking solutions.
With a wide range of online savings, checking and investment products, Flagstar can provide the right online banking products to fit your specific financial needs — including some of the BEST money market rates in the industry.
In a recent survey of Flagstar's retail bank customers conducted by the American Customer Service Index, Flagstar was rated significantly higher than the industry average and scored higher than four out of the five major U.S. retail banks included in the survey.
A subsidiary of Flagstar Bancorp, Flagstar Bank is listed on the NYSE under the symbol FBC.
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