Barclays vs. Forbright Bank
Comparing Barclays and Forbright Bank for high-yield savings: Barclays's Tiered Savings pays 3.65% APY while Forbright Bank's Growth Savings pays 4.15% 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 $65 more than Barclays annually ($415 vs $350).
Choose Forbright Bank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Jul 6, 2026 | Forbright BankGrowth Savings Jul 6, 2026 |
|---|---|---|
| APY | 3.50% - 3.65% | 4.15% |
Est. Earnings | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.65% APY is only available for balances over $250,000. For lower balances, the APY is 3.50%. | - |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily 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 Barclays vs. Forbright Bank
Executive Summary
Forbright Bank offers a standout product with its Growth Savings account, providing a competitive APY of 4.15%, which is significantly higher than Barclays' Tiered Savings account at 3.65%, available only for balances over $250,000. The Growth Savings account has no minimum balance requirements, making it accessible to a wider audience. While Barclays also offers an Online Savings account with a 3.30% APY, it does not match the higher yield of Forbright's Growth Savings. Both banks provide online-only options and have no maintenance fees, but Forbright's product is noted for its simplicity, requiring no direct deposit or balance caps.
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?
- ✓Higher potential APY (3.46%-4.15% vs 3.30%-3.65%) on all balances
- ✓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. $415 vs $350/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1038 vs $875/yr).
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, Forbright Bank's Growth Savings pays $65 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 $65 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+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
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 $349 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 | 3.65% Range: 3.50% - 3.65% Verified: 7/6/2026 ↘︎ 0.20%90d Change | 4.15% Verified: 7/6/2026 ↗︎ 0.30%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 3.65% APY is only available for balances over $250,000. For lower balances, the APY is 3.50%. | - |
| 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 | 3.30% | 3.65% | 3.46% | 3.46% | 4.15% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -4.0 | -4.4 | -4.4 | -3.1 |
Days Since Change | 12 | 12 | 81 | 81 | 21 |
12-Month High | 3.70% | 4.10% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.30% | 3.65% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.33 | 0.33 | 0.25 | 0.25 | 0.25 |
Volatility Score | 0.035 | 0.037 | 0.047 | 0.047 | 0.039 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Barclays' APY of 3.65% with other banks
Compare Forbright Bank's APY of 4.15% with other banks
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