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Get $100 when you open a Flagstar Interest checking account.

$100 deposit or 2% Annual Percentage Yield (APY) available for new personal checking account customers only (no existing Flagstar checking account). To qualify, open a new personal checking account with a minimum deposit of $50 and set up an automatic, recurring direct deposit of income of at least $250 per month, excluding interest deposits. Direct deposit must be established within the first 60 days of account opening. $100 bonus will be deposited into your account within 30 days after the first recurring direct deposit takes place. All accounts must remain open and active for a minimum of 6 months. If checking account is closed within the first 6 months, Flagstar reserves the right to reclaim the $100 deposit or interest. 2% APY is accurate as of 2/22/2010 and is guaranteed for 3 months after account opening. Maximum deposit is $100,000. Funds may not currently be on deposit with Flagstar Bank. Offer good only when opening a Flagstar interest-bearing checking account. Account fees could reduce earnings. Direct deposit must be established within the first 60 days of account opening or the rate is reduced to current rate. See your Flagstar representative for more details. Flagstar will issue a 1099 for the $100. Offer not good in conjunction with any other coupons or checking account offers. Some restrictions apply. Limit one $100 deposit or 2% APY offer per customer per account. Offer subject to change or cancellation at any time without notice. Flagstar reserves the right to reduce the 2% APY to the then available rate prior to the 3 month expiration date if checking balances exceed the $100,000 maximum.