Axos Bank vs. Forbright Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Axos Bank vs. Forbright Bank
Key Metrics at a Glance
| Feature | Axos Bank | Forbright Bank |
|---|---|---|
| Top Savings APY | 4.51% Axos ONE | 4.00% Growth Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | This APY is only available with the Axos ONE savings and checking bundle. 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. |
Axos Bank
Strengths
- Axos ONE offers a competitive APY of 4.51%, unchanged from 30 days ago.
- Axos Bank has a higher App Store rating of 4.7 compared to Forbright Bank's 4.8.
- Axos Bank has no minimum balance requirement for its accounts.
Potential Drawbacks
- Axos Bank has no physical branches, limiting in-person access.
- The Axos ONE account requires maintaining a higher balance or direct deposit for the best APY.
- The High Yield Savings account offers a significantly lower APY of 0.61%.
Forbright Bank
Strengths
- Forbright Bank has physical locations in Maryland and Virginia for customer convenience.
- Both Growth Savings and Bright Savings accounts offer competitive APYs of 4% and 3.65%, respectively.
- Forbright Bank has a higher Google Play rating of 4.6 compared to Axos Bank's 4.5.
Potential Drawbacks
- Bright Savings requires a minimum balance of $250,000 to obtain the highest APY.
- Forbright Bank's highest APY is lower than Axos ONE's 4.51%.
- Sprout Savings has a lower APY of 3.65% with a cap on the highest balance.
Summary: Axos Bank's high-yield savings account, Axos ONE, offers a higher APY of 4.51% but requires maintaining a larger balance or direct deposit. In contrast, Forbright Bank provides physical branches and competitive APYs of 4% and 3.65%, but its highest rate requires a substantial minimum balance. Both banks are BBB accredited, but Axos Bank has slightly lower ratings on Google Play and the App Store.
→ As of November 12, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to Forbright Bank's 4.00% APY for its Growth Savings account, with a minimum balance of $0.
→ Axos Bank yields $51 more than Forbright Bank on a $10,000 balance after one year. Axos Bank pays $451, while Forbright Bank pays $400 - an APY advantage for Axos Bank.
→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account, while Forbright Bank offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Axos Bank vs Forbright Bank
All calculations are based on APY.
Axos Bank - Axos ONE
Top APY: 4.51%
Total savings breakdown:
- Interest earned: $2,766.7 (13.32%)
- Total contributions: $13,000 (62.60%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,766.70
Effective APY: 4.51% (based on your deposit and contributions)
Total balance: $20,766.7
Earnings: $2,766.7
Forbright Bank - Growth Savings
Top APY: 4.00%
Total savings breakdown:
- Interest earned: $2,434.7 (11.91%)
- Total contributions: $13,000 (63.62%)
- Initial deposit: $5,000 (24.47%)
Your total balance
$20,434.70
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $332 higher than Forbright Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Axos Bank's vs Forbright Bank's Savings Accounts
| Axos Bank | Forbright Bank | ||||||
|---|---|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | Growth Savings | Bright Savings | Sprout Savings |
| APY | 4.51% (as of 11/12/2025) | 4.00% (as of 11/12/2025) | 0.61% (as of 11/12/2025) | 4.00% (as of 11/12/2025) | 2.75% - 3.65% (as of 11/12/2025) | 0.80% - 3.65% (as of 11/12/2025) | |
| Bundled Account | Yes | No | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | No | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | $250 | $1 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0 | $250,000 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | No | No | No | |
| Eligibility | United States | United States | United States | United States | This 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) | |
| Note | This APY is only available with the Axos ONE savings and checking bundle. 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. | This is a tiered savings account, where the highest rate is obtained by meeting a minimum balance of $250,000. A lower APY of 2.75% 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 of 0.80% is applied to balances above that. See bank for more details. | ||||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | ||||||
| App Store Rating | 4.7/5 | 4.8/5 | |||||
| Google Play Rating | 4.5/5 | 4.6/5 | |||||
| BBB Rating | A+ | A+ | |||||
Comparative Historical APY Insights (Last 11 Months)
| Axos Bank | Forbright Bank | ||||||
|---|---|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Sprout Savings | Bright Savings | Growth Savings |
| Latest APY | 0.61 % | 4.00 % | 4.51 % | 3.65 % | 3.65 % | 4.00 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | -4.4 | -2.7 | -2.7 | -2.3 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.27 | 0.09 | 0.09 | 0.18 | |
| Days Since Last Change | 309 | 136 | 41 | 43 | 43 | 35 | |
| High (-11 m) | 0.61 % | 4.00 % | 4.86 % | 3.90 % | 3.90 % | 4.60 % | |
| Low (-11 m) | 0.61 % | 4.00 % | 4.46 % | 3.65 % | 3.65 % | 4.00 % | |
| Draw-down from High | 0.0 % | 0.0 % | -7.2 % | -6.4 % | -6.4 % | -13.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.032 | 0.026 | 0.026 | 0.026 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 11 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-11 m)
- Highest APY in the last 330 days.
- Low (-11 m)
- Lowest APY in the last 330 days.
- Draw-down from High
- How far today sits below the 11-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.