Flagstar Direct is marketing a checking account promotion by offering a bonus interest rate on their online checking account as well as a $100.00 bonus for establishing direct deposit. The bonus interest rate on the checking account promotion is offered at the account opening and is currently at 1.50%. The online bank checking account promotional interest rate remains fixed for the first four months that a new account is opened and is applied to all account balances.

The checking account promotion is for the increased interest rates earned on the account and the $100.00 bonus for setting up direct deposit to the checking account within the first four months. The Flagstar Direct checking account also carries other features such as no service fees and no minimum account balance requirements.

Other ancillary benefits with the Flagstar bank checking account include free checks for life and free Identity Theft Protection. As an online bank account, account holders get free access 24/7 to their accounts online, view their bank checking account balances, transfer account funds, and pay bills directly online via a computer or through a mobile device with the banks mobile banking capacity.

This $100.00 banking bonus is only available for new Flagstar bank checking account customers. The $100.00 bonus will be deposited into the new checking account within 30 days of establishing direct deposit into the bank account.

The promotional checking account interest rate expires at the end of the four month period; the checking account rate will then revert to the current rate posted by the bank. The current checking account rate without the bonus account promotion is 0.85% for balances between $1.00 and $25,000.00.

A new bank checking account can be opened online or by phone or via mail.

Flagstar Direct offers a wide array of home loan, online savings accounts, Internet checking accounts and investment products. Flagstar Bank is headquartered in Michigan. Flagstar Bank is the largest savings bank headquartered in the Midwest. Then bank has approximately 160 bank branching centers in Michigan, Indiana and Georgia, as well as the online banking options and services.

To see more information on bank promotions and deals refer to the bank deals page at Selectcdrates.com. .

For more information on the top ten savings account rates or money market accoount rates please see money market account rates, savings account rates at Selectcdrates.com.

To see more information on the best online banks refer to best online bank and to see some of the current best online savings accounts see best online savings account.

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