High Yield Savings Account

My Banking Direct is a service of Flagstar Bank N.A., whose parent company is New York Community Bancorp, a long-established bank with roots dating back to 1859. We created My Banking Direct to offer higher savings rates by avoiding the overhead of local branches.

Yes! Every individual customer is insured by the FDIC to the full extent permissible by law. A depositor can have more than $250,000 at one insured bank and still be fully insured, provided the accounts meet certain requirements. Individual, joint, and retirement accounts are insured separately.

You have several options for funding your new account. You can transfer funds from another bank account, including an existing My Banking Direct account.

Mail a check to us at:

MyBankingDirect A service of Flagstar Bank, N.A.

P.O. Box 190

Hicksville, NY 11801

Our routing number is 226071004.

Protecting your financial and personal information is a top priority. Here are a few ways we keep your information safe.

• We use Transport Layer Security protocol and data encryption to secure your information and prevent unauthorized parties from obtaining it as it travels online.
• When you log into your My Banking Direct account and are inactive for a certain period, we will automatically sign you out of your session.
• Our employees take regular online courses to learn the latest hacker tricks and scams and what everyone at the bank can do to protect our customers.