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 4.15% 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 $115 more than Chime annually ($415 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 22, 2026 | Forbright BankGrowth Savings Jul 6, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 4.15% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
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 |
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 Chime vs. Forbright Bank
Executive Summary
Chime offers a High-Yield Savings Account with a competitive APY of 3.00%, requiring a qualifying direct deposit of $200 or more within the preceding 34 days. In contrast, Forbright Bank's standout product is the Growth Savings account, which provides a higher APY of 4.15% with no direct deposit requirement and no account caps, making it an attractive option for savers. However, eligibility for Forbright's Sprout Savings account is limited to children under 18, and it must be opened in a branch. Overall, Forbright Bank's Growth Savings account is the winner due to its superior APY and fewer restrictions.
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 (3.46%-4.15% 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. $415 vs $300/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1038 vs $750/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 $115 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 $115 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+$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 $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: 4/22/2026 ↘︎ 0.50%90d Change | 4.15% Verified: 7/6/2026 ↗︎ 0.30%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% | 3.46% | 3.46% | 4.15% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -9.7 | -4.4 | -4.4 | -3.1 |
Days Since Change | 82 | 6 | 6 | -54 |
10-Month High | 3.75% | 3.90% | 3.90% | 4.25% |
10-Month Low | 3.00% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.20 | 0.31 | 0.31 | 0.31 |
Volatility Score | 0.086 | 0.047 | 0.047 | 0.039 |
How to read these metrics(Click to expand)
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Compare Chime's APY of 3.00% with other banks
Compare Forbright Bank's APY of 4.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Forbright Bank vs Ally Bank | 3.10% | $0 |
| Forbright Bank vs American Express | 3.10% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Barclays | 3.65% | $0 |
| Forbright Bank vs Capital One | 3.00% | $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 | 3.40% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Openbank | 4.00% | $500 |
| Forbright Bank vs Pibank | 4.10% | $0 |
| Forbright Bank vs SoFi Bank | 3.80% | $0 |
| Forbright Bank vs Synchrony Bank | 3.30% | $0 |
| Forbright Bank vs Varo Bank | 5.00% | $0 |
| Forbright Bank vs Wealthfront | 4.20% | $0 |