Barclays vs. Forbright Bank
Barclays and Forbright Bank both offer 3.85% APY on their high-yield savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.
The Bottom Line
Who pays more interest on $10,000? Forbright Bank pays $15 more than Barclays annually ($385 vs $370).
The Barclays and Forbright Bank savings accounts are very similar. Choose Forbright Bank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Apr 7, 2026 | Forbright BankGrowth Savings Apr 7, 2026 |
|---|---|---|
| APY | 3.70% - 3.85% | 3.85% |
Est. Earnings | $5,000+$185 $10,000+$370 $25,000+$925 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | - |
| 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 4.15% APY.
Comparison Analysis
Comparing Barclays vs. Forbright Bank
Executive Summary
Both Barclays and Forbright Bank offer competitive savings products with a top APY of 3.85%. Barclays' Tiered Savings account provides this rate for balances over $250,000, while Forbright Bank's Growth Savings account offers the same APY without any minimum balance requirement, making it more accessible. Forbright Bank also features additional savings options like the Bright Savings and Sprout Savings accounts, but their APYs are lower at 3.45% and 3.45%, respectively. Both banks are online-only and have no maintenance fees, with no direct deposit requirements. Overall, Forbright Bank's Growth Savings stands out for its simplicity and accessibility.
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?
- ✓No checking account or direct deposit required
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Offers 3 different high-yield savings options
- ✓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 $370/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $963 vs $925/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 $15 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 $15 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+$370.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,370.00
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 $369 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 | 3.85% Range: 3.70% - 3.85% Verified: 4/7/2026 ↘︎ 0.15%90d Change | 3.85% Verified: 4/7/2026 ↘︎ 0.15%90d Change |
| 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 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | - |
| 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 | |||
|---|---|---|---|---|---|
| Tiered Savings | Online Savings | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.85% | 3.50% | 3.45% | 3.45% | 3.85% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -2.4 | -4.9 | -4.9 | -4.5 |
Days Since Change | 46 | 46 | 88 | 88 | 88 |
12-Month High | 4.40% | 3.90% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.85% | 3.50% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.58 | 0.49 | 0.16 | 0.16 | 0.16 |
Volatility Score | 0.032 | 0.024 | 0.051 | 0.051 | 0.042 |
How to read these metrics(Click to expand)
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Compare Barclays' APY of 3.85% with other banks
Compare Forbright Bank's APY of 3.85% with other banks
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|---|---|---|
| Forbright Bank vs Ally Bank | 3.20% | $0 |
| Forbright Bank vs American Express | 3.20% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Capital One | 3.20% | $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 | 3.65% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Openbank | 4.00% | $500 |
| Forbright Bank vs Pibank | 4.60% | $0 |
| Forbright Bank vs SoFi Bank | 4.00% | $0 |
| Forbright Bank vs Synchrony Bank | 3.50% | $0 |
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| Forbright Bank vs Wealthfront | 4.20% | $0 |