Forbright Bank: Savings Accounts & Rates

By Aviel Fahl

Updated: 7/6/2026

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

Interest rates reported as APY

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 average (0.38%). Ranks in the top tier of 97+ accounts tracked.

Forbright Bank also offers Sprout Savings at 3.46% APY — with a balance cap.

Forbright Bank also offers Bright Savings at 3.46% APY — a lower rate.

Ideal User Profile

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

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 Overview

Growth Savings

Top 20 Rate

4.15% APY

Rate Increased

+0.30%

Since 30 days ago

No Minimums Online Only

Rank #8 of 97 tracked.

Sprout Savings

3.46% APY

Tiered Range: 0.80% - 3.46%

Rate Increased

+0.01%

Since 90 days ago

Min: $1 Branch Access

Rank #56 of 97 tracked.

This is a tiered savings account, where the highest rate is capped at a balance of $9,999. A lower APY of 0.80% is applied to balances above that. See bank for more details.

Bright Savings

3.46% APY

Tiered Range: 2.45% - 3.46%

Rate Increased

+0.01%

Since 90 days ago

Min: $250 Branch Access

Rank #57 of 97 tracked.

This is a tiered savings account, where the highest rate is obtained by meeting a minimum balance of $250,000. A lower APY of 2.45% may be obtained with as little as $0.01 in balance. See bank for more details and all tiers.

Prefer In-Person Banking?

This bank is online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.

Find Branch Access

National Avg: 0.38% (FDIC, 6/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationChevy Chase, Maryland
Founded2003
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 InsuranceFDIC Insured(Cert: 57614)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.6

The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Jul 6, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.7

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Jul 6, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Top Market Contenders

Marcus by Goldman Sachs

3.40% APY

vs. Forbright Bank

Ally Bank

3.10% APY

vs. Forbright Bank

EverBank

3.90% APY

vs. Forbright Bank

Popular Peer Comparisons

Marcus by Goldman Sachs vs SoFi Bank Ally Bank vs Marcus by Goldman Sachs Barclays vs Marcus by Goldman Sachs Ally Bank vs SoFi Bank SoFi Bank vs Synchrony Bank Capital One vs Discover Bank

Savings Accounts: In-Depth View

Savings Accounts Offered by Forbright Bank

Feature	Sprout Savings	Growth Savings	Bright Savings
APY	3.46%Range: 0.80% - 3.46%Verified: 7/6/2026	4.15%Verified: 7/6/2026	3.46%Range: 2.45% - 3.46%Verified: 7/6/2026
APY Trend	Rate Increased +0.01% Since 90 days ago	Rate Increased +0.30% Since 30 days ago	Rate Increased +0.01% Since 90 days ago
Min. Deposit	$1	$0	$250
Min. Balance	$0.01	$0	$250,000
Monthly Fee	$0	$0	$0
Direct Deposit	None	None	None
Checking Bundle	No	No	No
Branch Access	Yes	None	Yes
Compounding	Daily	Daily	Daily
FDIC Insured	Yes	Yes	Yes
Eligibility	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)	United States	This account must be opened in a Forbright branch (Washington, D.C. metro area)
Important	This is a tiered savings account, where the highest rate is capped at a balance of $9,999. A lower APY of 0.80% is applied to balances above that. See bank for more details.	-	This is a tiered savings account, where the highest rate is obtained by meeting a minimum balance of $250,000. A lower APY of 2.45% may be obtained with as little as $0.01 in balance. See bank for more details and all tiers.
Next Steps	-	-	-

Calculate Savings for Forbright Bank

All calculations are based on APY.

Choose savings account

Initial Deposit

Recurring Deposit

Frequency

Duration

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

Metric	Sprout Savings	Bright Savings	Growth Savings
Latest APY	3.46%	3.46%	4.15%
Trend	Sideways	Sideways	Sideways
Slope (bps/mo)	-4.4	-4.4	-3.1
Rate Changes / Mo	0.25	0.25	0.25
Days Since Last Change	81	81	21
High (-12m)	3.90%	3.90%	4.25%
Low (-12m)	3.45%	3.45%	3.85%
Draw-down	-11.3%	-11.3%	-2.4%
Volatility (CV)	0.047	0.047	0.039

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 365-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	4.15%Verified: 7/6/2026	-
APY Trend	Rate Increased +0.30% Since 30 days ago	-
Min. Deposit	$0	-
Monthly Fee	$0	-
Direct Deposit	No	-
Checking Bundle	No	-
Branch Access	None	-
Eligibility	United States	-
Compounding	Daily	-
FDIC Insured	Yes	-
Next Steps	-	-

Bank-to-Bank Comparisons

Compare Forbright Bank's APY of 4.15% with other banks

Bank Pair	Competitor APY	Min Deposit
Forbright Bank vs Ally Bank	3.10%	$0
Forbright Bank vs American Express	3.10%	$0
Forbright Bank vs Axos Bank	4.21%	$0
Forbright Bank vs Barclays	3.65%	$0
Forbright Bank vs Capital One	3.00%	$0
Forbright Bank vs Chime	3.00%	$0
Forbright Bank vs CIT Bank	3.75%	$100
Forbright Bank vs Discover Bank	3.30%	$0
Forbright Bank vs EverBank	3.90%	$0
Forbright Bank vs Marcus by Goldman Sachs	3.40%	$0
Forbright Bank vs Newtek Bank	4.20%	$0.01
Forbright Bank vs Openbank	4.00%	$500
Forbright Bank vs Pibank	4.10%	$0
Forbright Bank vs SoFi Bank	3.80%	$0
Forbright Bank vs Synchrony Bank	3.30%	$0
Forbright Bank vs Varo Bank	5.00%	$0
Forbright Bank vs Wealthfront	4.20%	$0