Axos Bank vs. Forbright Bank
Axos Bank edges out Forbright Bank slightly at 4.21% vs 4.15% APY. On a $10,000 balance, the difference is just $6 per year—so other factors may matter more.
The Bottom Line
The Axos Bank and Forbright Bank savings accounts are very similar. Choose Forbright Bank if you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while Forbright Bank offers its savings account standalone.
| Metric | Axos BankAxos ONE Jul 6, 2026 | Forbright BankGrowth Savings Jul 6, 2026 |
|---|---|---|
| APY | 4.21% | 4.15% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Axos Bank vs. Forbright Bank
Executive Summary
Axos Bank offers the Axos ONE savings and checking bundle with a competitive APY of 4.21%, requiring either a direct deposit of $1,500 or total monthly qualifying deposits of at least $5,000. Alternatively, their Summit Savings account yields 3.75% APY. In comparison, Forbright Bank's standout product is the Growth Savings account, which provides a 4.15% APY with no direct deposit requirement or balance caps, making it appealing for simplicity. Forbright also has tiered savings options, including the Sprout Savings account, which is limited to children under 18 and requires branch access. Overall, Axos Bank has a slight edge in APY.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
Why Forbright Bank?
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.15% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $6 more interest on a $10,000 balance than Forbright Bank's Growth Savings.
*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
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Axos Bank vs. Forbright Bank Savings Calculator
You earn $6 more with Axos Bank than Forbright Bank 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.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
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 $414 per year in interest.
Both Axos Bank and Forbright Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | Forbright Bank |
|---|---|---|
| APY | 4.21% Verified: 7/6/2026 Stable (90d) | 4.15% Verified: 7/6/2026 ↗︎ 0.30%90d Change |
| Product Name | Axos ONE | 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. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Important Notes | 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. | - |
| Next Steps | Visit SiteVerify at Axos Bank 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 | Axos Bank | Forbright Bank | ||||
|---|---|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.75% | 4.21% | 0.61% | 3.46% | 3.46% | 4.15% |
Trend | Stable | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.0 | -3.8 | -0.0 | -4.4 | -4.4 | -3.1 |
Days Since Change | 207 | 156 | 364 | 81 | 81 | 21 |
12-Month High | 4.00% | 4.66% | 0.61% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.75% | 4.21% | 0.61% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.08 | 0.33 | 0.00 | 0.25 | 0.25 | 0.25 |
Volatility Score | 0.031 | 0.033 | 0.000 | 0.047 | 0.047 | 0.039 |
How to read these metrics(Click to expand)
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|---|---|---|
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