Flagstar Is Paying 5.5% On 7 Month CD's.

Ally6770
  |     |   4,308 posts since 2010

I saw this under Ken's Bank Rates Map.

I know they have been in the news lately and I don't currently have any accounts with them but because I can't have any more income. They are in Michigan and I have had CD's with them in the past for our family and also the twp when I was treasurer for 23 years.

They were very accommodating when my husband died with his CD's, savings and IRA's I funded for him, when I disclaimed them so the children could inherit them. They have been accommodating matching rates also even out of state since I have banked with them. Not sure how your branch will do but I have banked with them on and off since the late 80's.

I make sure the collage students know about the short term rates for the next semester or next year college bills. Many work in the local stores. Also I let the seniors know that work as greeters or pass out samples in Costco. We have several branches where I live.



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