Flagstar Direct is offering some pretty competitive nation wide 6 month and 12 month CD Rates.
Flagstar CDs are FDIC insured and the rate will remain locked the entirety of the term.
Flagstar CD Rates:
- 6 Month – 1.25% apy – $500 Minimum Deposit
- 12 Month – 1.55% apy – $500 Minimum Deposit
Certain fees will be applied to your CD for early withdraw. Those fees are as follows:
- 6 Months — A fee equal to 30 days of interest, whether the interest is earned or unearned.
- 12 Months — A fee equal to 180 days of interest, whether the interest is earned or unearned.
Other important disclosures:
- No additional funds after opening may be deposited before maturity.
- You may withdraw interest any time during the term after the interest is credited to your account.
- Visit Flagstar CD Rates page here for more information.
Why open a Certificate of Deposit?
When opening a CD with Flagstar, or other financial institutions, you are putting your money in a low-risk investment with a guaranteed competitive rate. Your money remains secure in a CD. Placing your money in volatile investments or low interest savings accounts can be risky and less rewarding. Investing in a CD is quick easy and you will always reap a reward.
Remember to check out our Best CD Rates Nationwide.