Carver Bank vs. Forbright Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | Forbright BankGrowth Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.00% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $5,000 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. Forbright Bank
As of both Carver Bank (High Yield Savings) and Forbright Bank (Growth Savings) offer an APY of 4.00% .
Both banks yield $400 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account, with a minimum balance of $250,000.
Why Carver Bank?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Offers 3 different high-yield savings options
Shared Benefits
Executive Summary as of
Carver Bank and Forbright Bank both offer competitive high-yield savings accounts with an APY of 4.00%. Carver Bank's High Yield Savings account requires a minimum deposit and balance of $5,000, and it is available online only. In contrast, Forbright Bank's Growth Savings account has no minimum deposit or balance requirements, making it more accessible. Both accounts do not require direct deposit and have no maintenance fees. Forbright Bank also offers additional savings options, such as the Bright Savings and Sprout Savings accounts, which yield lower APYs of 3.65% and 0.80%, respectively. Overall, both banks provide attractive savings options, but Forbright Bank's lack of minimum requirements may appeal to a broader audience.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Carver Bank vs. Forbright Bank Savings Calculator
Both accounts earn exactly the same amount.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Carver Bank | Forbright Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings | Growth Savings |
| Minimum Deposit | $5,000 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.8 Android4.5 |
| Zelle® Support | Available Full native integration in digital banking. | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Carver 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 | Carver Bank | Forbright Bank | ||
|---|---|---|---|---|
| High Yield Savings | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 4.00% | 3.65% | 3.65% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -1.0 | -3.3 | -3.3 | -2.8 |
Days Since Change | 309 | 98 | 98 | 90 |
11-Month High | 4.25% | 3.90% | 3.90% | 4.25% |
11-Month Low | 4.00% | 3.65% | 3.65% | 4.00% |
Adjustments / Mo | 0.09 | 0.09 | 0.09 | 0.09 |
Volatility Score | 0.017 | 0.032 | 0.032 | 0.028 |
How to read these metrics(Click to expand)
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