Flagstar 9 month CD rate promotion
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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.
Currently the national average for 12 month CD rates is hoovering around 2.30% which makes Flagstar’s current CD promotions somewhat noteworthy.
Since BankVibe’s review of FlagStar Bank their CD rates have dropped dramatically, however the national average has been sliding steadily as well.
February 10th, 2009 at 1:40 pm
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.