Flagstar Bank CD Rates

July 16, 2010

In this blog, we aim to bring to you the top CD rates of different banks and today we will turn our attention to the CD rates of Flagstar Bank. Flagstar Bank of Troy Michigan is a pioneer in paperless banking and is ranked highest in customer satisfaction survey. They are dedicated to maximum possible service. The Flagstar bank CD rates are highly competitive. They have high yield and guaranteed returns with attractive range of maturity.

They have many kinds of CD schemes. First is the Smart Choice fixed which is a CD for 12 months. The interest is fixed at 1.5% APY. In you want a variable rate, then you can choose Smart Choice Variable. The Flagstar CD rates for this scheme is 1.35% APY. Next is the 6 months Internet scheme where the interest rate is 1.25% APY while for the 12 months Internet scheme, the bank CD rates are 1.55% APY.

For the 18 months Internet scheme, the Flagstar certificate of deposit rates are 1.40% while for the 24 month Internet scheme Flag Star bank CD rates are 1.60%. The 36 month internet interest rate is 2.35%, the 48 months Internet rate is 2.35% and the 60 months Internet interest rate is 2.61%.

These good CD rates also come with penalties for early withdrawal and you should keep this in mind while planning. A minimum of $500 is required to open an account. Deposit terms from 180 days to 60 months. Automatic transfer of the interest could be done to any savings account or express checking or money market account. Automatic renewal of deposits could be opted and 24 hours phone and internet banking is available. Above all the main feature is all deposits are FDCI insured.

Posted in Flagstar CD Rates