Discover Bank vs. Forbright Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Discover BankOnline Savings Account Jan 7, 2026 | Forbright BankGrowth Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.40% | 4.00% |
Est. Earnings | $5,000+$170 $10,000+$340 $25,000+$850 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat 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 Discover Bank vs. Forbright Bank
As of Discover Bank offers an APY of 3.40% for its Online 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 pays $60 more than Discover Bank on a $10,000 balance after one year. Discover Bank pays $340, 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, with a minimum balance of $250,000.
Why Discover Bank?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Higher potential APY (3.65%-4.00% vs 3.40%) on all balances
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Offers 3 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $400 vs $340/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1000 vs $850/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $60 more interest on a $10,000 balance than Discover Bank's Online Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Forbright Bank's Growth Savings account stands out with a competitive APY of 4.00%, making it the top choice for savers looking for higher returns without any direct deposit requirements or caps. In comparison, Discover Bank offers an Online Savings Account with a lower APY of 3.40%. Both accounts have no minimum deposit or maintenance fees, and they are online-only. However, Forbright's account provides better returns, especially for larger deposits, while Discover's account remains a solid alternative for those seeking a straightforward savings option.
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
Discover Bank vs. Forbright Bank Savings Calculator
You earn $60 more with Forbright Bank than Discover Bank 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.
Discover Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$340.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,340.00
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 | Discover Bank | Forbright Bank |
|---|---|---|
| APY | 3.40% Verified: 1/7/2026 Stable (90d) | 4.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | Online Savings Account | Growth Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.8 Android4.5 |
| Zelle® Support | Available Limit: $600/dayStrict 90-day seasoning period for new accounts. | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Discover 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 | Discover Bank | Forbright Bank | ||
|---|---|---|---|---|
| Online Savings Account | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.40% | 3.65% | 3.65% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.5 | -3.3 | -3.3 | -2.7 |
Days Since Change | 99 | 98 | 98 | 90 |
12-Month High | 3.75% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.40% | 3.65% | 3.65% | 4.00% |
Adjustments / Mo | 0.34 | 0.09 | 0.09 | 0.09 |
Volatility Score | 0.036 | 0.032 | 0.032 | 0.028 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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