American Express vs. Forbright Bank
Comparing American Express and Forbright Bank for high-yield savings: American Express's High Yield Savings Account pays 3.30% APY while Forbright Bank's Growth Savings pays 3.85% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Forbright Bank pays $55 more than American Express annually ($385 vs $330).
Choose Forbright Bank if getting the best rate matters most, BBB rating matters to you, or you're an Android user.
| Metric | American ExpressHigh Yield Savings Account Feb 21, 2026 | Forbright BankGrowth Savings Feb 21, 2026 |
|---|---|---|
| APY | 3.30% | 3.85% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing American Express vs. Forbright Bank
Executive Summary
Forbright Bank offers a superior Growth Savings account with an APY of 3.85%, making it the more attractive option compared to American Express's High Yield Savings Account, which has an APY of 3.30%. Both accounts have no minimum deposit or maintenance fees, and they are online-only. Forbright's Growth Savings is noted for providing better returns on various deposit amounts without any direct deposit requirements, while American Express's account is simpler but yields less. Forbright also has additional savings products, such as the Bright Savings and Sprout Savings accounts, which offer lower APYs.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why American Express?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Higher potential APY (3.45%-3.85% vs 3.30%) on all balances
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Higher rated Android app (4.5 vs 3.6)
- ✓Offers 3 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $385 vs $330/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $963 vs $825/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $55 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
American Express vs. Forbright Bank Savings Calculator
You earn $55 more with Forbright Bank than American Express on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $329 per year in interest.
Both American Express and Forbright Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | American Express | Forbright Bank |
|---|---|---|
| APY | 3.30% Verified: 2/21/2026 ↘︎ 0.20%90d Change | 3.85% Verified: 2/21/2026 ↘︎ 0.15%90d Change |
| Product Name | High Yield Savings Account | Growth Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | Locations in the Washington D.C. area (Maryland and Virginia) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | F | A+ |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at Forbright Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Forbright Bank | ||
|---|---|---|---|---|
| High Yield Savings Account | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.30% | 3.45% | 3.45% | 3.85% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.6 | -4.3 | -4.3 | -3.8 |
Days Since Change | 53 | 43 | 43 | 43 |
12-Month High | 3.70% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.30% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.33 | 0.16 | 0.16 | 0.16 |
Volatility Score | 0.038 | 0.045 | 0.045 | 0.038 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare American Express' APY of 3.30% with other banks
Compare Forbright Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Forbright Bank vs Ally Bank | 3.20% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Bank of America | 0.01% | $100 |
| Forbright Bank vs Barclays | 3.85% | $0 |
| Forbright Bank vs Capital One | 3.30% | $0 |
| Forbright Bank vs Chase Bank | 0.01% | $0 |
| Forbright Bank vs Chime | 3.00% | $0 |
| Forbright Bank vs CIT Bank | 3.75% | $100 |
| Forbright Bank vs Citibank | 3.20% | $0 |
| Forbright Bank vs Discover Bank | 3.30% | $0 |
| Forbright Bank vs EverBank | 3.90% | $0 |
| Forbright Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Openbank | 4.09% | $500 |
| Forbright Bank vs Pibank | 4.60% | $0 |
| Forbright Bank vs SoFi Bank | 4.00% | $0 |
| Forbright Bank vs Synchrony Bank | 3.50% | $0 |
| Forbright Bank vs Varo Bank | 5.00% | $0 |
| Forbright Bank vs Wealthfront | 3.95% | $0 |
| Forbright Bank vs Wells Fargo | 0.05% | $25 |