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Forbright Bank: Savings Accounts, CDs & Rates

By Aviel Fahl

|

Updated: 8/21/2026

Mission: Banksparency aims to make Forbright Bank's deposit accounts transparent and comparable to the market.

Interest rates reported as

Analysis of Forbright Bank

Our verdict

Forbright Bank offers Growth Savings, a high-yield savings account paying 4.15% APY with no minimum deposit.

At 4.15% APY, Forbright Bank pays 11x the national savings average of 0.38%.

Additional Accounts

  • Sprout Savings, a high-yield savings account at 3.46% APY.
  • Bright Savings, a high-yield savings account at 3.46% APY.
  • Bright Business Savings, a business savings account at 3.46% APY.

Ideal User Profile

  • Best for: earning a top rate with no strings attached, banking without needing a branch, and quick transfers with Zelle.

CD Analysis

Forbright Bank also offers CDs paying up to 3.75% APY on its 9 months term, across 14 term lengths.

Tracking 17 active CD products, useful for locking in today's rate before further moves at the Fed.

  • Best CD use: locking in 3.75% APY for a 9 months term and laddering across multiple maturities.

Important Considerations

Bright Business Savings is a business savings account. Available to business customers.

Key Differentiators

  • Stands out with top-rated iOS app (4.8), highly-rated Android app (4.5), A+ BBB rating, in-person banking available, Zelle for instant transfers.

Savings Accounts Overview

Growth Savings

Savings Top 20 Rate
4.15% APY
: 3.85% - 4.15%
No Minimums Online Only
Rank #9 of 337 tracked.
Limited offer: The stated APY includes a temporary 0.30% APY boost for new customers. Only people who never had a Forbright Bank Growth Savings or Growth CD account can get the boost. The account must be opened online, and a one-time balance of $1,000 must be reached by 08/31/2026. The boost ends on 12/31/2026, and a lower APY applies after that. Existing customers get the standard APY. See terms at Forbright Bank.

Bright Business Savings

Savings
3.46% APY
: 2.45% - 3.46%
Min: $250 Branch Access
Rank #77 of 337 tracked.

Bright Savings

Savings
3.46% APY
: 2.45% - 3.46%
Min: $250 Branch Access
Rank #78 of 337 tracked.
This is a tiered savings account, where the highest rate is obtained by meeting a minimum balance of $250,000. A lower APY may be obtained with as little as $0.01 in balance. See bank for more details and all tiers.

Platinum Business Money Market

Savings
3.46% APY
Min: $2,500 Branch Access
Rank #79 of 337 tracked.

Sprout Savings

Savings
3.46% APY
: 0.80% - 3.46%
Min: $1 Branch Access
Rank #80 of 337 tracked.
This is a tiered savings account, where the highest rate is capped at a balance of $9,999. A lower APY is applied to balances above that. See bank for more details.

Prefer In-Person Banking?

This institution is online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.

Find In-Branch Access
National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

  • HQ LocationPotomac, MD
  • AffiliationForbright Bank was rebranded from Congressional Bank, Member FDIC, effective January 19, 2022
  • Ratings & Trust
    4.8iOS 4.5Android A+BBB BBB Accredited
  • Zelle® SupportAvailable
    Branch accounts only; Growth Savings online does NOT support.
  • Deposit Insurance(Cert: 57614)
Visit Official Website

Top Market Contenders

Synchrony Bank
3.30% APY
vs. Forbright Bank
Barclays
3.65% APY
vs. Forbright Bank
Ally Bank
3.00% APY
vs. Forbright Bank
Popular Peer Comparisons
Capital One vs Marcus by Goldman SachsCapital One vs ChimeAmerican Express vs Capital OneMarcus by Goldman Sachs vs Synchrony BankBarclays vs CIT BankChase Bank vs SoFi Bank

Savings Accounts: In-Depth View

Savings Accounts Offered by Forbright Bank

Feature
Growth Savings
Bright Savings
Sprout Savings
Bright Business Savings
APY
4.15%Range: 3.85% - 4.15%Verified: 8/21/2026
3.46%Range: 2.45% - 3.46%Verified: 8/20/2026
3.46%Range: 0.80% - 3.46%Verified: 8/20/2026
3.46%Range: 2.45% - 3.46%Verified: 8/21/2026
APY Trend
N/AN/AN/AN/A
Min. Deposit
$0$250$1$250
Min. Balance
$0$0.01$0.01N/A
Monthly Fee
$0$0$0N/A
Direct Deposit
None
None
None
None
Checking Bundle
NoNoNoNo
In-Branch Access
No Yes Yes Yes
Compounding
DailyDailyDailyN/A
FDIC Insured
 Yes Yes Yes Yes
Eligibility
United StatesThis account must be opened in a Forbright branch (Washington, D.C. metro area)This account is for children under 18 years old, where the account custodian is an existing customer. It must be opened in a Forbright branch (Washington, D.C. metro area)Must be opened in branch
Important
Limited offer: The stated APY includes a temporary 0.30% APY boost for new customers. Only people who never had a Forbright Bank Growth Savings or Growth CD account can get the boost. The account must be opened online, and a one-time balance of $1,000 must be reached by 08/31/2026. The boost ends on 12/31/2026, and a lower APY applies after that. Existing customers get the standard APY. See terms at Forbright Bank.This is a tiered savings account, where the highest rate is obtained by meeting a minimum balance of $250,000. A lower APY may be obtained with as little as $0.01 in balance. See bank for more details and all tiers.This is a tiered savings account, where the highest rate is capped at a balance of $9,999. A lower APY is applied to balances above that. See bank for more details.-
Next Steps----

Interactive Tool

Calculate Savings for Forbright Bank

All calculations are based on APY.

$
$
Frequency

Savings Breakdown

  • Interest Earned
    +$1,630.00(10.4%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $1,000

Projected Balance

$15,630.00

Effective APY
4.15%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Forbright Bank Savings Rates Over Time

Historical APY Insights

Last 12 Months
MetricBright Business SavingsGrowth SavingsBright SavingsSprout Savings
Latest APY
3.46%4.15%3.46%3.46%
Trend
SidewaysSidewaysFallingFalling
Slope (bps/mo)
0.2-4.4-5.3-5.3
Rate Changes / Mo
0.080.250.250.25
Days Since Last Change
12767127127
High (-12m)
3.46%4.25%3.90%3.90%
Low (-12m)
3.45%3.85%3.45%3.45%
Draw-down
0.0%-2.4%-11.3%-11.3%
Volatility (CV)
0.0010.0300.0350.035
How to read these metrics▼
Trends & Velocity
Trend
The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Slope (bps/mo)
Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Rate Changes / Mo
"Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
High/Low
The absolute ceiling and floor of the rate during the 363-day window.
Volatility Score
Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change
If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.

Compare with Forbright Bank

Feature
Current View
Forbright Bank
Empty Slot
Product-
APY
3.85% - 4.15%Verified: 8/21/2026
-
APY Trend
N/A
-
Min. Deposit$0N/A
Monthly Fee$0-
Direct Deposit
No-
Checking Bundle
No-
In-Branch AccessNo-
Eligibility United States-
Compounding
Daily-
FDIC or NCUA Insured
Yes-
NoteLimited offer: The stated APY includes a temporary 0.30% APY boost for new customers. Only people who never had a Forbright Bank Growth Savings or Growth CD account can get the boost. The account must be opened online, and a one-time balance of $1,000 must be reached by 08/31/2026. The boost ends on 12/31/2026, and a lower APY applies after that. Existing customers get the standard APY. See terms at Forbright Bank.-
Next Steps--

Bank-to-Bank Comparisons

Compare Forbright Bank's APY of 4.15% with other banks
Bank PairCompetitor APYMin Deposit
Forbright Bank vs Ally Bank3.00%$0
Forbright Bank vs American Express3.00%$0
Forbright Bank vs Axos Bank4.21%$0
Forbright Bank vs Barclays3.65%$0
Forbright Bank vs Capital One3.50%$0
Forbright Bank vs Chime3.75%$0
Forbright Bank vs CIT Bank3.75%$100
Forbright Bank vs EverBank3.90%$0
Forbright Bank vs Marcus by Goldman Sachs3.40%$0
Forbright Bank vs Newtek Bank4.20%$100
Forbright Bank vs Openbank3.80%$500
Forbright Bank vs Pibank4.10%$0
Forbright Bank vs SoFi Bank3.80%$0
Forbright Bank vs Synchrony Bank3.30%$0
Forbright Bank vs Varo Bank3.75%$0
Forbright Bank vs Wealthfront3.95%$0

CD Overview

3.75% Highest
Across 17 CD products with terms: 10-11 months, 9 months, 12 months, 6-8 months, 3-5 months, 24 months, 24-29 months, 18-23 months, 30-35 months, 36-47 months, 48-59 months, 60 months, 13-17 months, 36 months

CD Products Offered by Forbright Bank

Feature
3-5 Month CD
3-5 months
6-8 Month CD
6-8 months
9-Month CD
9 months
9-Month Growth CD
9 months
10-11 Month CD
10-11 months
12-Month Growth CD
12 months
12-Month CD
12 months
13-17 Month CD
13-17 months
18-23 Month CD
18-23 months
24-Month Growth CD
24 months
24-29 Month CD
24-29 months
30-35 Month CD
30-35 months
36-47 Month CD
36-47 months
36-Month Growth CD
36 months
48-59 Month CD
48-59 months
60-Month CD
60 months
60-Month Growth CD
60 months
APY
3.45%Verified: 8/20/2026
3.45%Verified: 8/20/2026
3.75%Verified: 8/20/2026
3.75%Verified: 8/20/2026
3.65%Verified: 8/20/2026
3.65%Verified: 8/20/2026
3.65%Verified: 8/20/2026
3.50%Verified: 8/20/2026
3.50%Verified: 8/20/2026
3.50%Verified: 8/20/2026
3.50%Verified: 8/20/2026
3.25%Verified: 8/20/2026
3.25%Verified: 8/20/2026
3.25%Verified: 8/20/2026
3.25%Verified: 8/20/2026
3.25%Verified: 8/20/2026
3.25%Verified: 8/20/2026
Term
3-5 months6-8 months9 months9 months10-11 months12 months12 months13-17 months18-23 months24 months24-29 months30-35 months36-47 months36 months48-59 months60 months60 months
Min. Deposit
$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000$1,000
Early Withdrawal
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
FDIC Insured
 Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

Forbright Bank CD Rates Over Time

Alternatives to Forbright Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Peak Bank

Envision High Yield Savings: 4.01% APY

Minimum Deposit: $100

Online Only

Axos Bank

Axos ONE Savings: 4.21% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

Business Premium Savings: 3.50% APY

Minimum Deposit: $0

Online Only

Summit Savings: 3.75% APY

Minimum Deposit: $0

Online Only

First Savings: 0.25% APY

Minimum Deposit: $0

Online Only

GO2bank

High Yield Savings: 4.50% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

Betterment

Cash Reserve: 4.00% APY

Minimum Deposit: $0

Online Only

Poppy Bank

Poppy Premier Personal Savings: 0.50% APY

Minimum Deposit: $1,000

Poppy Blooms Youth Savings Account: 3.75% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

Poppy Premier Online Savings: 4.00% APY

Minimum Deposit: $1,000

Online Only

Bank5 Connect

Money Market Account: 4.00% APY

Minimum Deposit: $100

Online Only

Jumbo Savings: 3.65% APY

Minimum Deposit: $25,000

Online Only

Connect Savings: 1.50% APY

Minimum Deposit: $10

Online Only

FVCbank

Advantage Direct Savings: 4.01% APY

Minimum Deposit: $500

Online Only

Elevault

High Yield Savings Account: 4.34% APY

Minimum Deposit: $0

Online Only

Climate First Bank

Super Savings: 3.56% APY

Minimum Deposit: $50

Youth Savings: 3.56% APY

Minimum Deposit: $25

Impact Money Market: 3.96% APY

Minimum Deposit: $50,000

Super Duper Savings Account: 4.01% APY

Minimum Deposit: $50

Business Money Market: 4.26% APY

Bundled Savings & Checking Account

Minimum Deposit: $50

First Bank

Icon High-Yield Savings: 2.75% APY

Minimum Deposit: $100

Thrive Credit Savings: 0.01% APY

Minimum Deposit: $100

Health Savings Account: 0.03% APY

Minimum Deposit: $100

Kids Cash Savings: 4.00% APY

Minimum Deposit: $5

Performance Money Market: 0.02% APY

Minimum Deposit: $100

Statement Savings: 0.01% APY

Minimum Deposit: $100

Lindell Bank & Trust Company

18-Month Special Variable Rate IRA: 4.18% APY

Minimum Deposit: $1,000

Variable Savings: 0.25% APY

Minimum Deposit: N/A

Christmas Club Savings: 0.25% APY

Minimum Deposit: N/A

Carver Bank

Youth Savings: 0.10% APY

Minimum Deposit: $10

Carver Savings: 0.10% APY

Minimum Deposit: $100

High Yield Savings: 4.00% APY

Minimum Deposit: $5,000

Online Only

Money Market: 0.50% APY

Minimum Deposit: $250

Savings Liquit IRA: 0.10% APY

Minimum Deposit: $100

Relationship Savings: 0.10% APY

Minimum Deposit: $250