Chase Bank vs. Forbright Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Chase Bank vs. Forbright Bank
Key Metrics at a Glance
| Feature | Chase Bank | Forbright Bank |
|---|---|---|
| Top Savings APY | 0.01% Chase Savings℠ | 4.00% Growth Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
Chase Bank
Strengths
Potential Drawbacks
- Chase Bank offers a low APY of 0.01%, unchanged from 30 days ago.
- Chase Bank has a maintenance fee of $5, which can be waived under certain conditions.
Forbright Bank
Strengths
- Forbright Bank's Growth Savings offers a competitive APY of 4.00%, unchanged from 30 days ago.
- Forbright Bank has no maintenance fees on its accounts.
Potential Drawbacks
- Forbright Bank requires a minimum balance of $250,000 for the highest APY of 3.65% on Bright Savings.
- Forbright Bank's accounts are online-only, limiting in-person banking options.
Summary: Forbright Bank significantly outperforms Chase Bank with a high APY of 4.00% on its Growth Savings account, while Chase offers only 0.01%. Additionally, Forbright has no maintenance fees, whereas Chase charges $5. However, Forbright's higher rates require substantial minimum balances, and its accounts are online-only, unlike Chase's more accessible offerings.
→ As of November 12, 2025 Chase Bank offers an APY of 0.01% for its Chase Savings℠ account, with a minimum balance of $0, compared to Forbright Bank's 4.00% APY for its Growth Savings account, with a minimum balance of $0.
→ Forbright Bank yields $399 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while Forbright Bank pays $400 - an APY advantage for Forbright Bank.
→ In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Chase Bank vs Forbright Bank
All calculations are based on APY.
Chase Bank - Chase Savings℠
Top APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
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, Chase Bank's total earnings would be $2,429 lower than Forbright Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Chase Bank's vs Forbright Bank's Savings Accounts
| Chase Bank | Forbright Bank | ||||
|---|---|---|---|---|---|
| Product | Chase Savings℠ | vs | Growth Savings | Bright Savings | Sprout Savings |
| APY | 0.01% (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 | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | No | Yes | No | No | |
| Compound Frequency | Monthly | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $250 | $1 | |
| Minimum Balance for APY | $0 | $0 | $250,000 | $0.01 | |
| Maintenance Fee | $5 | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | No | |
| Eligibility | 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 | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | 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 | 4.8/5 | 4.8/5 | |||
| Google Play Rating | 4.6/5 | 4.6/5 | |||
| BBB Rating | A- | A+ | |||
Comparative Historical APY Insights (Last 9 Months)
| Chase Bank | Forbright Bank | ||||
|---|---|---|---|---|---|
| Product | Chase Savings℠ | vs | Sprout Savings | Bright Savings | Growth Savings |
| Latest APY | 0.01 % | 3.65 % | 3.65 % | 4.00 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -2.7 | -2.7 | -1.9 | |
| Rate Changes / Mo | 0.00 | 0.10 | 0.10 | 0.10 | |
| Days Since Last Change | 287 | 43 | 43 | 35 | |
| High (-9 m) | 0.01 % | 3.90 % | 3.90 % | 4.25 % | |
| Low (-9 m) | 0.01 % | 3.65 % | 3.65 % | 4.00 % | |
| Draw-down from High | 0.0 % | -6.4 % | -6.4 % | -5.9 % | |
| Volatility (CV) | 0.000 | 0.026 | 0.026 | 0.021 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 288 days.
- Low (-9 m)
- Lowest APY in the last 288 days.
- Draw-down from High
- How far today sits below the 9-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.