Flagstar Bank has the top bank CD rates for 1 year and 18 month maturity terms, with 4.40% and 4.15% APY yields, respectively. Here’s some information on Flagstar’s CDs:

• Interest rates listed are available only by submitting an application online
• These rates are not available at our banking centers
• The minimum opening balance for opening online is $500
• Certificates of deposit are not available for brokered or corporate accounts
• Certificates of deposit are available for personal accounts only

One notable factor is Flagstar’s low $500 minimum balance requirement. Flagstar also offers IRA CDs as well.