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We are glad you’re here.

We offer a simple, straightforward approach to banking that allows you to spend less time worrying about your finances and spend more time enjoying what your money can do for you.

Your Business

We’ve invested in a team of smart, experienced bankers and empowered them to provide creative solutions to help you grow your business.

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Your Life

We work with integrity, respect and friendly service to provide the best financial solution to meet the needs of your fast-paced lifestyle.

Locations

Not only are you able to easily manage your accounts with our online banking and mobile app services, but we have six Twin Cities locations. We’re also on the MoneyPass network, giving you surcharge-free access to 33,000+ ATMs nationwide.

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PPP Loans

Our Flagship team went above and beyond working late into the evenings and over the weekends to make sure there were no applications missed. The result was staggering.

4,200+

Jobs saved

300+

Applications processed

0

Applications missed

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“We interviewed multiple banks as we were starting out. Flagship was knowledgeable about our business and we were able to hit the ground running.”
Neil Miller HeadFlyer

Interest Rates and Annual Percentage Yield Current as of August 11th, 2022

 

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  Minimum Deposit Interest Rate Annual Percentage Yield
Interest Checking $1,000.00    
.01 - 999.99   0.02% 0.02%
1,000.00 - 9,999.99   0.02% 0.02%
10,000.00 - 49,999.99   0.02% 0.02%
50,000.00 and Greater   0.02% 0.02%
Regatta Checking $5,000.00    
.01 - 4,999.99   0.02% 0.02%
5,000.00 and Greater   0.05% 0.05%
Senior Checking None    
.01 - 999.99   0.02% 0.02%
1,000.00 - 9,999.99   0.05% 0.05%
10,000.00 - 49,999.99   0.05% 0.05%
50,000.00 and Greater   0.05% 0.05%
Admiral Business Checking $5,000.00    
.01 - 4,999.99   0.02% 0.02%
5,000.00 - 99,999.99   0.05% 0.05%
100,000.00 - 749,999.99   0.05% 0.05%
750,000.00 and Greater   0.05% 0.05%
Non-Profit Business Checking $500.00    
.01 - 4,999.99   0.02% 0.02%
5,000.00 - 99,999.99   0.10% 0.10%
100,000.00 and Greater   0.10% 0.10%

 

  Minimum Deposit Interest Rate Annual Percentage Yield
Money Market Account $1,000.00    
.01 - 999.99   0.20% 0.20%
1,000.00 - 9,999.99   0.20% 0.20%
10,000.00 - 49,999.99   0.20% 0.20%
50,000.00 - 99,9999.99   0.25% 0.25%
100,000.00 - 499,999.99   0.40% 0.40%
500,000.00 - 999,999.99   0.45% 0.45%
1,000,000 and Greater   0.45% 0.45%
Regular Savings $50.00    
.01 - 49.99   0.20% 0.20%
50.00 and Greater   0.20% 0.20%
Super Kids Savings N/A    
.01 - 49.99   0.20% 0.20%
50.00 and Greater   0.20% 0.20%
HSA Account $100.00    
1.00 and Greater   0.20% 0.20%

 

  Minimum Deposit Interest Rate Annual Percentage Yield
Certificates of Deposit $500.00    
3 Month   0.20% 0.20%
6 Month   0.55% 0.55%
12 Month   1.25% 1.25%
18 Month   1.35% 1.35%
24 Month   1.45% 1.45%
36 Month   1.50% 1.50%
39 Month Bump-Up Special*   2.00% 2.00%
48 Month   1.60% 1.60%
60 Month   1.75% 1.75%
  Minimum Deposit Interest Rate Annual Percentage Yield
IRA Certificates of Deposit $500.00    
3 Month   0.20% 0.20%
6 Month   0.55% 0.55%
12 Month   1.25% 1.25%
18 Month   1.35% 1.35%
24 Month   1.45% 1.45%
36 Month   1.50% 1.50%
39 Month Bump-Up Special*   2.00% 2.00%
48 Month   1.60% 1.60%
60 Month   1.75% 1.75%

 

CERTIFICATE OF DEPOSIT DISCLOSURE:

Rate and Annual Percentage Yield Information: Certificates of Deposit are interest-bearing accounts. The interest rate and annual percentage yield are accurate as of the date indicated at the top of this rate page. If you would like more current rate and yield information, please call us at (952)944-6050. The interest rate and annual percentage yield will not change for the term of your Certificate of Deposit. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). The annual percentage yield assumes interest compounds annually and will remain on deposit until maturity. A withdrawal from this account will reduce earnings on the account.

Interest Compounding Frequency and Crediting Information: Interest is credited to the account at maturity for 3 Month to 12 Month Certificates of Deposit. Interest is compounded and credited to account annually for Certificates of Deposit with maturities of greater than one year.

Balance Information: The minimum balance to obtain the stated annual percentage yield is the same as the opening balance requirement. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Opening Balance Requirement: $500.00 deposit is required to open a Certificate of Deposit or IRA Certificate of Deposit.

Deposit Limitations: After the account is opened, additional deposits to your Certificate of Deposit are not allowed until maturity.

Early Withdrawal Penalties: For Certificates of Deposit less than 12 months, a penalty of 91 days interest may be imposed. For Certificates of Deposit 12 months to 23 months, a penalty of 182 days interest may be imposed. For Certificates of Deposit 24 months and greater, a penalty of 365 days interest may be imposed. Some exceptions may apply.  

Renewal: This account will automatically renew. You will have a grace period of 10 calendar days after the maturity date to withdraw funds without a penalty. If you do not withdraw the funds, each renewal term will be for an identical term as the original term. If your account is not renewed, the funds will be paid directly to you.   

*39 Month Bump-Up CD Special: Will automatically renew at the 36 month certificate of deposit term upon maturity. The renewal rate will be the same rate we are then offering on a new accounts that have the same term and other features as the 36 month term upon renewal. At your discretion, you may change the interest rate on this certificate once during the term. You may exercise this option by sending an email to operations@flagshipbanks.com, in writing or in person at any branch. The interest rate and annual percentage yield will change to the interest rate and annual percentage yield being offered on a new 36 month certificate of deposit for the remainder of the term.

CHECKING AND SAVINGS ACCOUNT INFORMATION:

Interest rates and annual percentage yield may change after opening. The interest rate and annual percentage yield (APY) are accurate as of the date indicated at the top of this page. If you would like more current rate and yield information, please call us at (952)944-6050. At our discretion, we may change the interest rate on accounts. We may change the rate at any time. Interest begins to accrue no later than the business day that we receive credit for the deposit of non-cash items (for example, checks). Fees could reduce the earnings on the accounts. A penalty fee may be imposed for closure of account within 6 months of opening. Contact a bank associate for more information.

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Flagship is committed to our customers. Which is why you'll get a personal response every time. When you contact us you'll be getting a real person on the other end, not a machine.

 

“I like the small bank feel where they actually know you. Yet they are capable of lending like a big bank..”
Bryan Spille Classic City Apartments