EverBank vs. Forbright Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | EverBankPerformance Savings Jan 12, 2026 | Forbright BankGrowth Savings Jan 12, 2026 |
|---|---|---|
| APY | 3.90% | 3.85% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $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 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 4.20% APY.
Comparison Analysis
Comparing EverBank vs. Forbright Bank
As of EverBank offers an APY of 3.90% for its Performance Savings account, with a minimum balance of $0, compared to Forbright Bank's 3.85% APY for its Growth Savings account, with a minimum balance of $0.
EverBank pays $5 more than Forbright Bank on a $10,000 balance after one year. EverBank pays $390, while Forbright Bank pays $385 - an APY advantage for EverBank.
In addition, Forbright Bank also offers 3.45% APY for the Bright Savings account, with a minimum balance of $250,000.
Why EverBank?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Offers 3 different high-yield savings options
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $5 more interest on a $10,000 balance than Forbright Bank's Growth Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
EverBank offers a competitive Performance Savings account with an APY of 3.90%, which is slightly higher than Forbright Bank's Growth Savings account at 3.85%. Both accounts require no minimum deposit and have no maintenance fees, making them accessible options for savers. However, Forbright Bank also provides additional savings products, such as the Bright Savings and Sprout Savings accounts, which yield lower APYs of 3.45% and 3.45%, respectively. Notably, the Bright Savings account requires a minimum balance of $250,000 to achieve its highest rate, and both Forbright accounts must be opened in a branch within the Washington, D.C. metro area, while EverBank operates online only.
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
EverBank vs. Forbright Bank Savings Calculator
You earn $5 more with EverBank than Forbright 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.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
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.
| Feature | EverBank | Forbright Bank |
|---|---|---|
| APY | 3.90% Verified: 1/12/2026 ↘︎ 0.15%90d Change | 3.85% Verified: 1/12/2026 ↘︎ 0.15%90d Change |
| Product Name | Performance Savings | 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 | iOS4.6 Android4.8 | iOS4.8 Android4.5 |
| Zelle® Support | Available Native integration verified. | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at EverBank 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 | EverBank | Forbright Bank | ||
|---|---|---|---|---|
| Performance Savings | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.90% | 3.45% | 3.45% | 3.85% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -3.4 | -3.4 | -2.7 |
Days Since Change | 24 | 3 | 3 | 3 |
12-Month High | 4.40% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.90% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.25 | 0.16 | 0.16 | 0.16 |
Volatility Score | 0.035 | 0.034 | 0.034 | 0.029 |
How to read these metrics(Click to expand)
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