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What’s Going On At Flagstar Bank?

Flagstar Bank has been doing some really strange stuff with its 36-month CDs.

Flagstar BankAfter cutting the return in half last month, the bank reversed course and announced a big increase this week to 2.35% APY.

Is there another bank in the country boosting the return on any certificate of deposit by almost a point in this lousy market?

And what about the unusual policy of offering customers who live near a branch lower interest rates than customers who must bank online?

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  1. DealMaven said:
    on January 13th at 09:06 am

    That increase to 2.35% didn’t last long. The rate was raised on Jan. 4 and today it was dropped to 1.70% APY. Stay tuned.