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Roth IRA

Save for your retirement with tax-free growth now and tax-free withdrawals down the road.

Position your finances for a comfortable future

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Keep more of your money

Your contributions grow tax-free, putting more money to work for you.

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Set up automatic contributions

Make retirement savings a priority with automatic monthly transfers.

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Tax-free withdrawals

The beauty of a Roth IRA is that withdrawals are tax-free after age 59 and 1/2, as long as it’s been at least 5 years since your first contribution.

Is a Roth IRA right for your retirement?

Talk to our client consultants to learn the benefits of Roth IRAs. Our experienced bankers are here to help you make the best decisions for your retirement goals and timeline. 

 

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  • Interest paid monthly
  • No annual fee
  • Preferred CD rates with $5,000 or more in your combined accounts1
  • View principal and interest online 

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Traditional IRA

A retirement account is essential for living the life you've worked so hard to build. A traditional IRA is designed to grow your investments faster and lower your tax liability, now and in retirement.
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Earn up to 4.20% APY2 with a CD

Explore our wide range of CD account terms that can help you earn more interest.

We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.

Interest rates are tiered to a maximum amount.

To contribute to a Roth IRA, you or your spouse must have earned income, and your modified adjusted gross income (MAGI) may not exceed certain limits. Withdrawals from Roth IRAs before age 59 1/2 may be subject to taxes at your current rate, a 10% federal additional tax, and possible state tax. Please consult a tax or legal expert for advice before making contributions, withdrawals, or other investment decisions.  For Roth IRA CDs, we may assess fees for withdrawals before the maturity date. Fees may reduce earnings. Accounts will be FDIC insured up to the maximum amount allowed by law.

1Excludes promotional rates.

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2Annual Percentage Yield (APY). 4.20% APY is accurate as of 9/23/2025 and available as a 6-month term. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $2,500 minimum opening deposit required. Maximum deposit is $10 million. Deposited funds must be “new money,” which is defined as money that is not currently on deposit in any Flagstar Bank account (except maturing CDs). Not available for public units. Certain restrictions, including area restrictions, may apply. Offer subject to change or cancellation at any time without notice. Limited time offer. Important information will be provided to you in the disclosures you receive during the account opening process. Please contact your local branch for more information.