Link to bonus info


How's this for innovation? Our 24-month CD not only offers a great rate that's guaranteed to increase every six months. It also gives you liquidity by letting you make a penalty-free withdrawal every six months.

Bonus terms as copied from banks website on 11/5/08:

*Stated Annual Percentage Yields (APY) are accurate as of 11/5/08. Minimum opening balance requirement is $500 and maximum deposit is $100,000. Additional deposits are allowed on the 24-month maturity date. Account fees could reduce earnings. Penalty may be imposed for early withdrawal. Withdrawals can be made at the end of each six-month interval without penalty. Intervals are based on the original account opening date. Interest is compounded and credited to your account semiannually at each six-month interval. Not available for public units. Customers must maintain their primary checking account at Flagstar Bank and conduct an average of 15 monthly transactions or at least $250 in recurring ACH transactions per month to qualify for the Loyalty Checking account rate. "Loyalty Checking account" rate offer cannot be combined with coupons or other special offers. Rate is effective for a limited time only and subject to change without notice. Certain restrictions may apply.