$100 checking account promotion still being pushed by Flagstar Bank in GA, MI, and IN
Flagstar Bank brings back the S.M.A.R.T Interest Checking where you can lock on a checking interest rate of 2.00% APY for balances through $100,000. The guarantee for this best checking account is now only for 3 months unlike the whole year guarantee during its previous run. An alternative to the offered interest rate is a $100 checking account bonus.
This checking account promotion requires the following:
• Open a new personal checking account
• Initial deposit should be at least $150
• Set up a direct deposit with $250 coming in every month
• Establish direct deposit within the first 60 days after account opening
• The offer is only good if the customer opens an interest checking account with Flagstar
The online application for the checking account promo, the system will ask for your zip code. If you are living outside GA, IN, or MI the system will prompt you to call 800-642-0039.
Flagstar Bank was hit hard by the bursting of the mortgage bubble back in 2007. The bank recently garnered some funds via sales of shares amounting to around $287 million. The financial ratings of the bank are still on the downside with Bankrate.com issuing 1 star for its performance while BauerFinancial stamped 2 stars for their soundness and safety. Be wise and stay within the FDIC limits.
The bank is covered by the FDIC with certificate number 32541.
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