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Advertiser Disclosure Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, or the rates shown.
Written by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Co-Founder & Lead Data Architect
Expertise
  • Automated Online Rate Data Aggregation
  • Location-Based Rate Tables
  • Bank & Credit Union Health Safety Ratings
  • Bank & Credit Union Star Ratings
  • Finance Calculators
Brian is the Co-Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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| iEditorial Disclosure
Editorial Disclosure The rates and data displayed are actual, verified figures sourced directly from financial institutions. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Published: January 14, 2009 | Updated: May 1, 2016

Flagstar Bank 12 to 14 month Promo CD Rate

Flagstar Bank of Troy Michigan is offering one of the most competitive CD rates available today. Their 12 to 14 month Internet promotional certificate of deposit currently yields 3.25%. The minimum deposit is $500. The CD is FDIC insured and there is a penalty for an early withdrawal. For more information about Flagstar’s certificates of deposit visit Flagstar.

The penalty for CDs with a duration of 12 to 14 months is 180 days of interest whether the interest is earned or unearned so be sure you won’t need access to the funds deposited.

Flagstar Bank is also part of the Certificate of Deposit Account Registry Service (CDARS) which allows for up to $50 million in FDIC insurance on deposits.

A Flagstar Bank promo CD account can be opened online or by contacting the bank at 1-900-642-0039.

Flagstar Bank CD Account Application

For more information on CDARS watch this CNBC video.

CDARS Information