As of November 26, 2008 Flagstar Bank is offering one of the best one year CD rates in Tennessee.  The interest rate on a Flagstar Bank one year CD opened online is 4.20%.  The minimum deposit is $500.00.  Flagstar’s web site address is www.flagstar.com.  The bank can be reached by phone at 800-642-0039.  Flagstar Bank is a subsidiary of Flagstar Bancorp, which is listed on the New York Stock Exchange under the symbol FBC.  Flagstar Bank, headquartered in Troy, Michigan, is a community bank with approximately 170 banking centers in Michigan, Indiana and Georgia.  Flagstar offers a wide range of checking, savings and investment products for consumers and businesses, including CDs.  Flagstar has a significant presence in home lending, delivering home loans through a nationwide network of retail offices and wholesale agents, as well as online through flagstar.com and via their toll-free phone number.

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