Barclays vs. Forbright Bank
Comparing Barclays and Forbright Bank for high-yield savings: Barclays's Tiered Savings pays 3.75% 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 $20 more than Barclays annually ($385 vs $365).
Choose Forbright Bank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings May 22, 2026 | Forbright BankGrowth Savings May 22, 2026 |
|---|---|---|
| APY | 3.65% - 3.75% | 3.85% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily 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 4.10% APY.
Comparison Analysis
Comparing Barclays vs. Forbright Bank
Executive Summary
Forbright Bank offers a competitive Growth Savings account with an APY of 3.85%, making it the highest-yielding option compared to Barclays' Tiered Savings account, which provides a 3.75% APY for balances over $250,000. While Barclays also has an Online Savings account with a lower APY of 3.40%, Forbright's Growth Savings stands out for its simplicity, requiring no minimum balance to earn interest and no direct deposit requirement. Both banks operate online-only, but Forbright's account can be opened with a minimum deposit of $0, while Barclays requires a minimum balance of $250,000 to access the higher 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 Barclays?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $385 vs $365/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $963 vs $912/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 $20 more interest on a $10,000 balance than Barclays's Tiered 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
Top Market Contenders
Barclays vs. Forbright Bank Savings Calculator
You earn $20 more with Forbright Bank than Barclays 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.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
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 $364 per year in interest.
Both Barclays and Forbright Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | Forbright Bank |
|---|---|---|
| APY | 3.75% Range: 3.65% - 3.75% Verified: 5/22/2026 ↘︎ 0.10%90d Change | 3.85% Verified: 5/22/2026 Stable (90d) |
| Product Name | Tiered Savings | Growth Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $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 | Not Supported | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Important Notes | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | - |
| Next Steps | Visit SiteVerify at Barclays 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 | Barclays | Forbright Bank | |||
|---|---|---|---|---|---|
| Online Savings | Tiered Savings | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.40% | 3.75% | 3.46% | 3.46% | 3.85% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -2.7 | -3.6 | -5.0 | -5.0 | -4.6 |
Days Since Change | 16 | 37 | 36 | 36 | 133 |
12-Month High | 3.90% | 4.40% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.40% | 3.75% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.49 | 0.49 | 0.25 | 0.25 | 0.16 |
Volatility Score | 0.026 | 0.033 | 0.051 | 0.051 | 0.042 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Barclays vs...
Comparing against Standard Savings
Compare Forbright Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare Barclays' APY of 3.75% 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 | 3.10% | $0 |
| Forbright Bank vs American Express | 3.10% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Capital One | 3.10% | $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 | 3.50% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Openbank | 4.00% | $500 |
| Forbright Bank vs Pibank | 4.40% | $0 |
| Forbright Bank vs SoFi Bank | 4.00% | $0 |
| Forbright Bank vs Synchrony Bank | 3.40% | $0 |
| Forbright Bank vs Varo Bank | 5.00% | $0 |
| Forbright Bank vs Wealthfront | 4.20% | $0 |