My Banking Direct Savings: 5.55% APY


Never Miss a Deal

My Banking Direct is offering a High Yield Savings Account with 5.55% APY. $500 minimum deposit required.



  • Your savings is your financial future. It should do more than collect dust—and it can. With a High Yield Savings Account, your money will be too busy growing to get stale. Open a high interest savings account today to earn a higher interest rate without sacrificing access to your money. Reach your goals faster. Save for your dream vacation faster. Buy your first home, vacation home, or forever home faster. All because you expect more.


  • Bank with confidence. My Banking Direct is a service of Flagstar Bank N.A.
  • Online and mobile banking
  • FDIC-insured up to at least $250,000 per depositor2
  • Set up automatic deposits to grow your savings even more
  • No monthly maintenance fees
  • Mobile check deposit
  • Just $500 to open an account
  • Easy access to your funds


  • The Annual Percentage Yield (APY) is accurate as of 4/10/2024 rates are variable and are subject to change without notice. The My Banking Direct High Yield Savings is a tiered rate account. The minimum balance to open the account is $500. If your daily balance is $50,000 or more, the APY is 5.55%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 5.55% If your daily balance is between $1.00 and $9,999.99, the APY is 5.55%. My Banking Direct, a service of Flagstar Bank, N.A. reserve the right to change the rate at any time without notice. Fees could reduce earnings.

Posted: April 12, 2024 at 5:24 pm