5.50% 14-Month CD at an Indiana/Michigan/Georgia Bank (Flagstar)

Flagstar Bank is advertising a special 5.50% APY 14-month certificate of deposit. The minimum deposit is $500, and the maximum is $100K. It requires a Loyalty Checking Account with at least one automatic, recurring transaction per month. Without this checking account, the APY is 5.24%. This special doesn't seem to be listed at the bank's website. It was advertised in last week's Fort Wayne News Sentinel. The ad is available online here.

Last month Flagstar was advertising a $100 checking account bonus (see post).

Flagstar bank branches are located through out Georgia, Indiana and Michigan. The bank is FDIC insured (FDIC certificate # 32541).

Tags: Indiana, Flagstar Bank, Georgia, Michigan, CD rates