Rate updated · 56 banks tracked
Flagstar Bank savings account rate: 3.20% APY
Flagstar Bank pays 3.20% on its savings account — ranking in the lower half of the 56 banks SwitchWize tracks, where the best available rate is 4.10%. (Updated August 15, 2026.)
Is Flagstar Bank a good savings rate? Not really. At 3.20% it trails the 4.10% best available rate, leaving about $225 a year on the table on a $25,000 balance.
The gap, in your dollars
At 3.20%, $25,000 earns $800/yr here versus $1,025/yr at the field leader — a $225/yr difference.
See your exact number →Higher-paying alternatives we track
Rates subject to change. Verify before switching.
Frequently asked questions
What is Flagstar Bank's savings account interest rate?▾
Flagstar Bank pays 3.20% APY on its savings account as of August 15, 2026, based on rates SwitchWize tracks across 56 banks.
Is Flagstar Bank's savings rate good?▾
Flagstar Bank's 3.20% ranks in the lower half of tracked banks. The best available rate is 4.10% and the FDIC national average is 0.38%.
Which banks pay more than Flagstar Bank?▾
Higher-paying tracked options include old national bank, barclays, synchrony. Compare rates at /banks to find the best current option.
General information only. Rates change frequently; verify directly with the institution before making financial decisions. SwitchWize is not a bank and does not provide financial advice.