Wednesday, July 13, 2011 - 11:21 AM

Flagstar Direct Cuts Money Market Account Rate

Another internet bank has cut its savings account rate to under 1.00%.

Flagstar Direct's Money Market Savings Account yield has fallen from 1.11% to 0.90% APY for all balances under $100K.

Flagstar Direct has kept the yield at 1.11% for a while. I'm sorry to see it fall.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

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1. Thursday, July 14, 2011 - 9:41 AM

FYI: This lower rate applies to all balances, not just those under $100,000.

rav27 posts since
Apr 21, 2010
Rep Points: 66