Flagstar Direct Raises Money Market Account Rate

The money market rate is now 1.06% APY for balances under $100K (was 0.50%). Perhaps too many depositors had pulled their money. Flagstar also added a new tier (1.25% APY for $100K+). They also raised some CD rates. Note how close these rates are to the FDIC rate caps. Coincidence?

Refer to my Flagstar Direct review for more details.