Barclays vs. Forbright Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Barclays vs. Forbright Bank
Key Metrics at a Glance
| Feature | Barclays | Forbright Bank |
|---|---|---|
| Top Savings APY | 4.10% Tiered Savings | 4.00% Growth Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $250,000 | $0 |
| Note | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. |
Barclays
Strengths
- Barclays offers a higher APY of 4.10% for Tiered Savings accounts with balances over $250,000.
- Barclays has a higher App Store rating of 4.9 compared to Forbright Bank's 4.8.
- Barclays has no minimum deposit requirement for its Online Savings account.
Potential Drawbacks
- Barclays has no physical branches, limiting in-person banking options.
- The Tiered Savings account requires a $250,000 minimum balance to earn the highest APY.
- Barclays' Online Savings account has a lower APY of 3.70% compared to Forbright's Growth Savings.
Forbright Bank
Strengths
- Forbright Bank offers a Growth Savings account with a competitive APY of 4.00%.
- Forbright Bank has physical locations in the Washington D.C. area, providing in-person services.
- Forbright's Bright Savings account has a lower minimum balance requirement of $0 to earn interest.
Potential Drawbacks
- Forbright's highest APY of 3.65% for Bright Savings is lower than Barclays' 4.10%.
- Forbright Bank has a lower Google Play rating of 4.6 compared to Barclays' 4.7.
- The highest APY for Forbright's accounts is only available at higher balance tiers.
Summary: Barclays offers a higher APY of 4.10% for its Tiered Savings account, while Forbright Bank provides a competitive 4.00% with its Growth Savings account. Barclays lacks physical branches, whereas Forbright has locations in the Washington D.C. area. Additionally, Barclays' Online Savings account has a lower APY than Forbright's Growth Savings, but it has no minimum deposit requirement, making it more accessible for some customers.
→ As of November 12, 2025 Barclays offers an APY of 4.10% for its Tiered Savings account, with a minimum balance of $250,000, compared to Forbright Bank's 4.00% APY for its Growth Savings account, with a minimum balance of $0.
→ Forbright Bank yields $10 more than Barclays on a $10,000 balance after one year. Barclays pays $390 (with an effective APY of 3.9%), while Forbright Bank pays $400 - an APY advantage for Forbright Bank.
→ In addition, Barclays also offers 3.70% APY for the Online Savings account, while Forbright Bank offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Barclays vs Forbright Bank
All calculations are based on APY.
Barclays - Tiered Savings
Top APY: 4.10%
⚠️The higher APY only applies once your balance reaches $250,000.
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Effective APY: 3.90% (based on your deposit and contributions)
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewForbright 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, Barclays's total earnings would be $64.5 lower than Forbright Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Barclays' vs Forbright Bank's Savings Accounts
| Barclays | Forbright Bank | |||||
|---|---|---|---|---|---|---|
| Product | Tiered Savings | Online Savings | vs | Growth Savings | Bright Savings | Sprout Savings |
| APY | 3.90% - 4.10% (as of 11/12/2025) | 3.70% (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 | No | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | No | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $250 | $1 | |
| Minimum Balance for APY | $250,000 | Enough to earn $0.01 in interest | $0 | $250,000 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | No | No | |
| Eligibility | 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 | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. | 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. | |||
| App Store Rating | 4.9/5 | 4.8/5 | ||||
| Google Play Rating | 4.7/5 | 4.6/5 | ||||
| BBB Rating | A+ | A+ | ||||
Comparative Historical APY Insights (Last 10 Months)
| Barclays | Forbright Bank | |||||
|---|---|---|---|---|---|---|
| Product | Online Savings | Tiered Savings | vs | Sprout Savings | Bright Savings | Growth Savings |
| Latest APY | 3.70 % | 4.10 % | 3.65 % | 3.65 % | 4.00 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.7 | -4.6 | -2.7 | -2.7 | -1.8 | |
| Rate Changes / Mo | 0.51 | 0.61 | 0.10 | 0.10 | 0.10 | |
| Days Since Last Change | 156 | 148 | 43 | 43 | 35 | |
| High (-10 m) | 4.00 % | 4.50 % | 3.90 % | 3.90 % | 4.25 % | |
| Low (-10 m) | 3.70 % | 4.10 % | 3.65 % | 3.65 % | 4.00 % | |
| Draw-down from High | -7.5 % | -8.9 % | -6.4 % | -6.4 % | -5.9 % | |
| Volatility (CV) | 0.024 | 0.035 | 0.026 | 0.026 | 0.021 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 295 days.
- Low (-10 m)
- Lowest APY in the last 295 days.
- Draw-down from High
- How far today sits below the 10-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.