New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The commercial bank offers deposit accounts, consumer loans and credit cards to individuals, as well as cash management services to businesses.
As far as deposit accounts, the bank offers checking, savings, and Money Market accounts, as well as Certificates of Deposit (CDs) and IRA CDs. Checking account options are numerous and include a simple checking account that comes with a Visa debit card, a free annual investment review, and unlimited check writing. The simple checking account also comes with preferred CD rates when higher balances are maintained. The bank has University of Michigan-themed checking accounts as well as other interest bearing checking accounts that come with the cost of monthly service fees, which can be avoided by meeting certain requirements. All of the savings accounts offerings come with free ATM transactions at qualifying machines, online and telephone banking, and a free spending review service. A simple savings account is available and comes with a monthly service fee that can be waived by opening a checking account. Money Market accounts at the bank offer higher interest rates for higher balances and come with a Visa debit card. Certificates of Deposit (CDs) have a low minimum balance to open and are available in term lengths ranging from 30 days to 120 months.
Flagstar is also part of the CDARS network, giving large deposit investors a convenient way to find the best CDs for their funds while maintaining FDIC insurance coverage. The bank also offers government banking solutions that help government entities manage public sector funds.
Flagstar Bank online banking provides a web-based platform for account management tasks like Bill Pay, budget tracking, reward account management, and fund transfers. The system also provides Intuit financial management tools to help track expenses and plan out personal finances. Mobile banking is also available for customers to use through smartphone and tablet apps.
Flagstar Bank was originally established in 1987 as the First Security Savings Bank. In 1996 it transitioned to its current name, and four years later moved to its current headquarters in Troy, Michigan. Over a hundred branches are operated across the state of Michigan, where Flagstar focuses its business.
People, I've been with Flagstar and My Banking Direct ever since they topped the chart with 5.55% interest. Had to go with the flow and ended up with 6 months at Flagstar with the first 5 months at 5.55% guaranteed, then undecided rate on the last month. I rated them 5 stars because of this, but if you read their health report closely and check their Texas Ratio closely you will see they are a SEVERE threat to fold. Just wanted to warn those like me, take it while it's good but DON'T exceed the FDIC limit!
I have been with Flagstar for about 8 years and have never had an issue... well, other than thoer website being very slow. They have one of the highest and sometimes THE HIGHEST interest rate on savings and CD's. I can easily transfer money in and out of my account online and even set up scheduled transfers. I also like that their CD's do not automatically renew, so I don't have to worry about missing the window to transfer the funds like I have with other banks.
I’ve had 2 certificate of deposits (CD’s) with NYCB / flagstar and both times I tried to get the money back, after maturity - the first time it took over a month to get a check in the mail, and now, the 2nd time in over 2 weeks in and getting the runaround through there in house message system - DO NOT get drawn in to there big savings rates, unless you live near there banks in New York and Michigan we’re the bank has branches To go into - I live out of state and doing business with them by mail is IMPOSSIBLE - avoid at all cost
Oh my goodness, it seems unbelievable but I just got my deposit back with the help of Rose, she is very reliable. At first I thought it was not possible and that it was a scam, but to my world I got my money back in less than 72 hours. Am so happy, Contact::
WHATSAPP:: +1 _(_9_2_0_)_ _7_1_4_ _7_7_7_6
EMAIL:: r o s e h o o v e r 9 0 @ g m a i l . c o m
Overall | |
---|---|
FDIC Certificate # | 32541 |
Year Established | 1987 |
Employees | 8463 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | -1.05% |
Return on Equity - YTD | -13.27% |
Annual Interest Income | $3.06B |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $119B$118.7B |
Loans | Q2 2024vs Q2 2023 | $81.13B$84.88B |
Deposits | Q2 2024vs Q2 2023 | $79.68B$88.63B |
Equity Capital | Q2 2024vs Q2 2023 | $8.99B$11.87B |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.27B$594.5MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.95B$235.3MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $6.5MM$6.8MM |
Always verify rates and promotions with the bank or credit union. We are not Flagstar Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
5.00%* | $25k* | - | Promo Flagstar Performance Savings - New Money | ||
OTHER TIERS: 0.10% → $0 - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.65% | $500 | $10m | 7 Month CD Special - New Money | |
4.35% | $500 | $10m | 13 Month CD Special - New Money |