My Banking Direct is an online financial service of Flagstar Bank, N.A. Customer deposits are FDIC-insured.
5.00% APY1
when you open a High Yield Savings Account.
Let's make your money work hard for you!
Bank whenever, wherever with our mobile app.*
Keep track of your savings and checking accounts on your schedule. My Banking Direct is a service of Flagstar Bank N.A., so our customers use Flagstar Mobile Banking to tap into the convenience of mobile banking.*
- Instant balance
- Fingerprint and FaceID security
- Mobile alerts and notifications
- Bill pay
- Zelle®****
- Mobile check deposit*
Download the latest version of Flagstar Mobile Banking for banking that keeps up with you.
Why My Banking Direct?
My Banking Direct is a modern online bank backed by the strength and experience of one of the oldest banks in the US:
- Competitive rates, numerous banking solutions, and a superb online experience
- The security of FDIC-insurance up to at least $250,000 per depositor2
- The stability of a nationally chartered (registered) bank with $119.1 billion in assets as of June 30, 2024
- My Banking Direct is a service of Flagstar Bank, N.A.
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1The Annual Percentage Yield (APY) is accurate as of 10/11/2024 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 5.00%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 5.00% If your daily balance is between $1.00 and $9,999.99, the APY is 5.00%. 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.
2If you are a customer with deposit balances greater than $250,000 combined at My Banking Direct, a service of Flagstar Bank, N.A., and Flagstar Bank, your FDIC insurance coverage may be impacted. Visit fdic.gov/deposit for more information.
*Not 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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****Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.