Forbright Bank vs. Go2bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Forbright Bank vs. GO2bank
Key Metrics at a Glance
| Feature | Forbright Bank | GO2bank |
|---|---|---|
| Top Savings APY | 4.00% Growth Savings | 4.50% High Yield Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | The 4.50% APY is up to 5,000. Balances above that earn no interest. |
Forbright Bank
Strengths
- Forbright Bank offers a higher APY of 4.00% compared to GO2bank's 4.50%.
- Forbright Bank has an A+ BBB rating and is BBB Accredited.
- Forbright Bank has no maintenance fees on its accounts.
Potential Drawbacks
- Forbright Bank has fewer branches, only in the Washington D.C. area.
- Forbright Bank's Growth Savings account has a lower APY than GO2bank's High Yield Savings.
- Forbright Bank does not offer a direct deposit option for its accounts.
GO2bank
Strengths
- GO2bank's High Yield Savings account offers a competitive APY of 4.50%.
- GO2bank has a lower minimum deposit requirement of $0 for its savings account.
- GO2bank's account allows balances up to $5,000 to earn interest.
Potential Drawbacks
- GO2bank is not BBB Accredited and has no BBB rating.
- GO2bank charges a $5 monthly maintenance fee unless direct deposit is set up.
- GO2bank has a lower Google Play rating of 4.5 compared to Forbright Bank's 4.6.
→ As of November 12, 2025 Forbright Bank offers an APY of 4.00% for its Growth Savings account, with a minimum balance of $0, compared to GO2bank's 4.50% APY for its High Yield Savings account, with a minimum balance of $0.
→ Forbright Bank yields $175 more than GO2bank on a $10,000 balance after one year. Forbright Bank pays $400, while GO2bank pays $225 (with an effective APY of 2.25%) - an APY advantage for Forbright Bank.
→ In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Forbright Bank vs GO2bank
Forbright Bank - Growth Savings
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
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewGO2bank - High Yield Savings
ℹ️You earn 4.50% on the first $5,000 and 0.00% on the rest.
Total savings breakdown:
- Interest earned: $1,230.9 (6.40%)
- Total contributions: $13,000 (67.60%)
- Initial deposit: $5,000 (26.00%)
Your total balance
$19,230.90
Total balance: $19,230.9
Earnings: $1,230.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Forbright Bank's total earnings would be $1,203.8 higher than GO2bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Forbright Bank's vs GO2bank's Savings Accounts
| Forbright Bank | GO2bank | ||||
|---|---|---|---|---|---|
| Product | Growth Savings | Bright Savings | Sprout Savings | vs | High Yield Savings |
| APY | 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) | 0.00% - 4.50% (as of 11/12/2025) | |
| Bundled Account | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | No | No | Yes | |
| Compound Frequency | Daily | Daily | Daily | Quarterly | |
| Minimum Deposit | $0 | $250 | $1 | $0 | |
| Minimum Balance for APY | $0 | $250,000 | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $5 per month, unless you set up direct deposit | |
| Direct Deposit Required | No | No | No | No | |
| Eligibility | 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) | United States | |
| Note | 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. | The 4.50% APY is up to 5,000. Balances above that earn no interest. | ||
| App Store Rating | 4.8/5 | 4.8/5 | |||
| Google Play Rating | 4.6/5 | 4.5/5 | |||
| BBB Rating | A+ | Not Rated | |||
Comparative Historical APY Insights (Last 3 Months)
| Forbright Bank | GO2bank | ||||
|---|---|---|---|---|---|
| Product | Sprout Savings | Bright Savings | Growth Savings | vs | High Yield Savings |
| Latest APY | 3.65 % | 3.65 % | 4.00 % | 4.50 % | |
| Trend | Falling | Falling | Falling | Sideways | |
| Slope (bps/mo) | -11.0 | -11.0 | -10.6 | 0.0 | |
| Rate Changes / Mo | 0.30 | 0.30 | 0.30 | 0.00 | |
| Days Since Last Change | 43 | 43 | 35 | 99 | |
| High (-3 m) | 3.90 % | 3.90 % | 4.25 % | 4.50 % | |
| Low (-3 m) | 3.65 % | 3.65 % | 4.00 % | 4.50 % | |
| Draw-down from High | -6.4 % | -6.4 % | -5.9 % | 0.0 % | |
| Volatility (CV) | 0.033 | 0.033 | 0.030 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 99 days.
- Low (-3 m)
- Lowest APY in the last 99 days.
- Draw-down from High
- How far today sits below the 3-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.