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  Flagstar Bank Simply Savings

Flagstar Bank Simply Savings

in Savings Accounts from Flagstar Bank

Unaffiliated

Flagstar Bank Simply Savings

Unaffiliated

in Savings Accounts from Flagstar Bank

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Highlights
Highlights
Monthly Fee $3
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance N/A

Flagstar Bank Simply Savings Review

Flagstar Bank Simply Savings is offered by Flagstar Bank, a bank founded in 1987 and based in Troy, MI. Flagstar Bank Simply Savings is available in 4 states across the USA.

Are savings accounts from Flagstar Bank federally insured?

Yes, your Flagstar Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Flagstar Bank offer a signup bonus?

Flagstar Bank Simply Savings has a signup bonus of $0.

What is the minimum balance for Flagstar Bank Simply Savings?

The minimum balance to open a Flagstar Bank Simply Savings is $1.
Flagstar Bank Simply Savings Account Minimums
Description
APY Minimum Balance N/A
Minimum Initial Deposit $1
Minimum Combined Balance to Avoid Monthly Fee $300
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee N/A
Minimum Balance to Avoid Monthly Fee $300

What APY does Flagstar Bank offer?

Flagstar Bank Simply Savings offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What features and perks does Flagstar Bank Simply Savings offer?

This account includes the following features:

  • Fraud monitoring - Flagstar Bank Simply Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
  • Flagstar Bank Simply Savings Features
    Description
    Bank Account Features
    • Branch Access
    • Debit Card
    • FDIC Member
    • Fraud Monitoring
    • Fraud Protection
    • Interest Bearing Account
    • Mobile Banking
    • Mobile Check Deposit
    • Nationwide ATM Network

What fees does Flagstar Bank Simply Savings charge?

This account charges a monthly maintenance fee of $3. However, you can waive the monthly fee if you have a minimum daily balance of $300. You can also waive the fee by keeping a combined balance of $300.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Incoming domestic bank transfers come with a $10 fee.
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Contact

  • Headquarters
  •   5151 Corporate Dr
    Troy, MI 48098
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by Flagstar Bank

Availability

  Available in 4 states
  • California
  • Indiana
  • Ohio
  • Wisconsin

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $300
Minimum Combined Balance to Avoid Monthly Fee $300
Minimum Initial Deposit $1
Monthly Fee $3
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Bank Account Features
  • Branch Access
  • Debit Card
  • FDIC Member
  • Fraud Monitoring
  • Fraud Protection
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
APY (Annual Percentage Yield) 0.05%

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2 Reviews