Flagstar 9 month CD rate promotion

February 9, 2009 1 Comment »

Flagstar Bank’s CD Rates (Update 2012): As of this year, Flagstar Bank’s top CD rate is their promotional 13 month CD. It currently comes with an APY of 1.03% and a minimum deposit requirement of $500. Their standard 6 month through 60 month internet CDs are all yielding significantly lower rates.

Complete List of Online CD Rates offered by Flagstar (2012):

  • 6 month internet CD yielding 0.45% APY
  • 12 month internet CD yielding 0.50% APY
  • 24 month internet CD yielding 0.60% APY
  • 3 year internet CD yielding 0.70% APY
  • 4 year internet CD yielding 0.80% APY
  • 5 year internet CD yielding 0.80% APY
CD Rate Outlook in 2012 – Deposit rates are expected to remain at their current levels until 2014 according to the Ben Bernanke, Chairmen of the FED. Rates began to slide dramatically in 2009 and have seemed to flatline at their current levels in most of 2012 simply because they can’t really go any lower. Today the average APY for a 6 month CD sits at roughly 0.40% APY while the average APY on a 5 year CD is just around 1.50% APY.

- Promotional Offer from Archive -

A lukewarm certificate of deposit rate is being offered by FlagStar Bank.  Currently they have an online promotional CD with a rate of 3.25% which is apparently available to anyone nationwide. However, I have heard that this rate drops to 3.0% for certain areas within Michigan, Indiana, and Georgia.

The minimum deposit required for this certificate of deposit is $500. FlagStar also has a 6 month CD yielding an APY of 2.86%, a 12 month CD yielding a 3.25% APY and a 48 month CD yielding a 4.01% APY.

This CD can be opened online with a direct deposit or over the phone. Although Flagstar is based in Michigan they offer their online deposit products to consumers across the country. Typically Flagstar’s interest rates remain within the top 25 of our online database national bank deposit rates.

Flagstar bank was founded in just 1987 and today holds roughly $8.7 in bank deposits. Headquartered in Troy, MI, Flagstar also employees roughly 3200 people in the region.

Visit Flagstar.com for updated special offers and deals on savings accounts. You can also call them at (800) 642-0039. Flagstar is federally insured by the FDIC (number 32541).

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  • Patrick

    Flagstar is great I just missed the 9 months one cause before that came out I locked mine in at 12 months for the same rate. There great and a nice but small return during a down time like this.