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My Banking Direct is an online financial service of Flagstar Bank, N.A. Customer deposits are FDIC-insured.

Earn 4.30%APY1 when you open a High Yield Savings Account

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Earn 4.30%APY1 when you open a High Yield Savings Account

Open now
Learn more

Secure a competitive, guaranteed rate with a 6-Month CD

With a 4.25%APY2, you'll earn more compared to a traditional savings account while still benefiting the stability of FDIC insurance.3

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Higher interest, greater growth— start saving smarter today!

Open a High Yield Savings Account at 4.30%APY1 and enjoy higher returns without losing access to your money.

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Grow your savings with confidence

My Banking Direct is backed by the strength and expertise of one of the country's oldest regional banks.

Why My Banking Direct?

Enjoy secure banking anytime, anywhere with our mobile app4

Use our secure mobile app to deposit checks,5 set alerts, check balances, and more. My Banking Direct, a service of Flagstar Bank, N.A., gives you the confidence to manage your money your way.

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Convenient access to state-issued payments with our Prepaid Benefits Debit Card

Easily receive and use your state-issued payments with our secure and hassle-free Prepaid Benefits Debit Card.

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*Card design will vary based on individual prepaid card program

Banking made simple. Get the answers you need.

Explore FAQs, digital banking demos, and more to easily manage your
account anytime.

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Product and service availability may vary by location and are subject to area restrictions. My Banking Direct products are available online only. Customers living near any Flagstar Bank branch location may not be eligible. Flagstar Bank product and service offerings can be located at flagstar.com.

1The Annual Percentage Yield (APY) is accurate as of 7/7/2025 rates are variable and are subject to change without notice. The My Banking Direct High Yield Savings is a tiered rate account. The minimum balance to open the account is $500. If your daily balance is $50,000 or more, the APY is 4.30%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 4.30% If your daily balance is between $1.00 and $9,999.99, the APY is 4.30%. My Banking Direct, a service of Flagstar Bank, N.A. reserve the right to change the rate at any time without notice. Fees could reduce earnings.

2Annual Percentage Yield (APY). 4.25% APY 6-month CD is accurate as of 7/7/2025. The interest rate for the 6-month CD is 4.18%. The interest rate remains fixed until maturity. Fees could reduce earnings. A penalty may be imposed for early withdrawals. The minimum balance to open the account and obtain the APY is $2,500. My Banking Direct, a service of Flagstar Bank, N.A. reserves the right to cancel or modify this offer at any time without notice.

3Visit fdic.gov for more information about FDIC insurance coverage.

4Not all devices supported. Available for eligible personal and business deposit account customers only.

5Not 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.

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