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FLAGSTAR PERFORMANCE SAVINGS

Earn 3.20% APY1 with a high interest savings account

Earn a great rate with a Flagstar Performance Savings account. Open with just $1 and avoid the $15 monthly fee by keeping a $10,000 average balance or having a Flagstar checking account. Your money stays accessible, FDIC-insured2, and easy to manage through Flagstar’s Online Banking and
Mobile App.

Open now →
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What makes this high interest rate savings account right for you?

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Competitive savings rate

Earn 3.20% APY1 with balances of $25,000 or more.

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Avoid the monthly fee

Avoid the $15 monthly service charge when you have a Flagstar personal checking relationship.

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Access to your money

The funds in your account will remain liquid and accessible, while still earning a great rate.

What features are included in this high interest savings account?

Avoid the $15 monthly maintenance fee

Choose one of these options to waive your monthly fee.

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Minimum balance

Maintain a $10,000 average daily balance

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Flagstar Checking Account

Maintain a Flagstar personal checking relationship

How it works

Meeting just ONE of these requirements during each statement period automatically waives your monthly maintenance fee. If none of these conditions are met, a $15 monthly maintenance fee will apply to your account.

Want even more value from your savings account?

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Checking Accounts

Explore our personal checking account options to find the right fit for you. 
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Start planning your financial future*

Prepare for life’s next chapter with Flagstar Wealth Services.

*Investment products are not insured by the FDIC, are not deposits, and may lose value

Bank on the go with our  Mobile App

Our Mobile App lets you pay bills, send money with Zelle,® deposit checks,3 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.5

4.7 out of 5 on the Apple App Store as of 6/1/2026

4.7 out of 5 stars
visit the following URL to download our app from the apple store: https://apps.apple.com/us/app/flagstar-mobile-banking/id972805390 or Visit the following URL to download our app the Android URL https://play.google.com/store/apps/details?id=com.mynycb.nycb&hl=en_US&gl=US

Scan this code with your phone’s camera to download the Flagstar Mobile App from the Apple App Store or Google Play Store.

Learn more
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High interest savings FAQs

A high interest savings account is a type of deposit account that pays a higher annual percentage yield (APY) than a standard savings account. It’s designed to help your money grow faster while keeping your funds safe and accessible. 

 

Flagstar Performance Savings is a high interest savings account with Flagstar's best savings rate.

The main difference is the interest rate. High interest savings accounts typically offer better yields in exchange for meeting balance or relationship requirements. Otherwise, they work the same way — you can deposit, withdraw, and track your money anytime through digital banking tools.

Yes. Your deposits are FDIC-insured up to $250,000 per depositor.2

You may add beneficiaries to the Flagstar Performance Savings account.

You are allowed 20 transactions per 24-hour period, and a dollar limit of $1,000 per 24-hour period. Please note that standard fees apply for some transactions, such as withdrawals and balance inquiries from non-Flagstar ATMs.

If your account is closed within six months of opening, you are subject to a $30 early closing fee and possible forfeiture of any interest you’ve earned on the account.

LIMITED TIME OFFER

Lock in a CD rate up to 3.80% APY6

Rates this high won’t last forever. Don’t miss out. Open a CD today.

Get started
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Related to Flagstar Performance Savings

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CD vs. High-Yield Savings: Choose the right account for your goals

Ready to upgrade your savings account? Let’s compare options available to help you earn more interest on your savings.
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Round Up with Flagstar®

Round your purchases up to the next dollar and put the difference into a savings account.
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Savings Calculators

Discover how much you should be putting aside to meet your goals with our savings calculators.

We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.

Interest rates are tiered to a maximum amount.

Flagstar Performance Savings

1Annual Percentage Yield (APY) is accurate as of 6/16/2026. Tier 1 $0 – $9,999.99 features an annual percentage yield of 0.10%. Tier 2 $10,000.00 – $24,999.99 features an annual percentage yield of 0.10%. Tier 3 $25,000.00 – $49,999.99 features an annual percentage yield of 3.20%. Tier 4 $50,000.00 – $99,999.99 features an annual percentage yield of 3.20%. Tier 5 $100,000.00 – $499,999.99 features an annual percentage yield of 3.20%. Tier 6 $500,000.00+ features an annual percentage yield of 3.20%. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. Initial minimum opening deposit to earn the higher interest rate on the Flagstar Performance Savings account is $25,000 and must be “new money,” which is defined as money that is not currently on deposit in any Flagstar Bank account (except maturing CDs). Additionally, (i) account must be funded within 90 days of the approval date, and (ii) early account closure fee may be imposed for accounts closed within 180 days. A maintenance service charge of $15 will be imposed every statement cycle if the average daily collected balance in the account is less than $10,000. The maintenance service charge will be waived if you are the tax reported owner on this account and you are an owner on a Flagstar personal checking account. Fees may reduce earnings. Personal accounts only. Limited time offer. Area restrictions may apply. If you are a Private Bank client, please contact your Private Client Group to enroll.

2Visit fdic.gov for more information about FDIC insurance coverage.

3Not all devices supported. Available for eligible personal and business checking and savings account customers only. Must be an active mobile banking user. Must be a customer for a minimum of two business days. Accounts must be in good standing.

4Currency conversion fee may apply to transactions outside the U.S.

5Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play, and the Google Play logo are trademarks of Google Inc.

6Annual Percentage Yield (APY). 3.80% APY is accurate as of 6/16/2026 and available as a 12-month term. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $500 minimum opening deposit required. Maximum deposit is $10 million. 'New Money' is defined as funds that are not currently deposited in any account at Flagstar Bank. Not available for public units or Business CDs. Certain restrictions, including area restrictions, may apply. Offer subject to change or cancellation at any time without notice. Must present offer at account opening. Limited-time offer. Important information will be provided to you in the disclosures you receive during the account opening process. Please contact your local branch for more information.