Chime vs. Forbright Bank
Comparing Chime and Forbright Bank for high-yield savings: Chime's Chime High-Yield Savings Account pays 3.00% APY while Forbright Bank's Growth Savings pays 3.85% APY.
Note: Chime requires a checking account.
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 $85 more than Chime annually ($385 vs $300).
Choose Forbright Bank if getting the best rate matters most, you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Forbright Bank offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Apr 7, 2026 | Forbright BankGrowth Savings Apr 7, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 3.85% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily 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 Chime vs. Forbright Bank
Executive Summary
Forbright Bank offers a superior Growth Savings account with an APY of 3.85%, compared to Chime's High-Yield Savings Account, which provides a lower APY of 3.00%. The Growth Savings account does not require a direct deposit, making it more accessible, while Chime's account mandates a qualifying direct deposit of $200 or more within the preceding 34 days. Both accounts are online-only and have no maintenance fees. For those seeking simplicity and higher returns, Forbright Bank is the better option.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Higher potential APY (3.45%-3.85% vs 3.00%) on all balances
- ✓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 $300/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $963 vs $750/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 $85 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*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
Chime vs. Forbright Bank Savings Calculator
You earn $85 more with Forbright Bank than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 $299 per year in interest.
Both Chime and Forbright Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Chime | Forbright Bank |
|---|---|---|
| APY | 3.00% Range: 0.75% - 3.00% Verified: 4/7/2026 ↘︎ 0.50%90d Change | 3.85% Verified: 4/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Chime High-Yield Savings Account | Growth Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | Locations in the Washington D.C. area (Maryland and Virginia) |
| Direct Deposit Req. | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Chime 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 | Chime | Forbright Bank | ||
|---|---|---|---|---|
| Chime High-Yield Savings Account | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.00% | 3.45% | 3.45% | 3.85% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -6.9 | -4.9 | -4.9 | -4.5 |
Days Since Change | 67 | 88 | 88 | 88 |
12-Month High | 3.75% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.00% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.16 | 0.16 | 0.16 | 0.16 |
Volatility Score | 0.080 | 0.051 | 0.051 | 0.042 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Chime's APY of 3.00% with other banks
Compare Forbright Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| 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 Barclays | 3.85% | $0 |
| Forbright Bank vs Capital One | 3.20% | $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 |
| Forbright Bank vs Varo Bank | 5.00% | $0 |
| Forbright Bank vs Wealthfront | 4.20% | $0 |