Forbright Bank vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Forbright BankGrowth Savings Jan 7, 2026 | GO2bankHigh Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 0.00% - 4.50% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$225 $10,000+$225 $25,000+$225 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle |
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 Forbright Bank vs. GO2bank
As of 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 pays $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, with a minimum balance of $250,000.
Why Forbright Bank?
- ✓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®
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.65%-4.00%) on balances up to $5,000 (requires checking bundle)
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $400 vs $225/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1000 vs $225/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 $175 more interest on a $10,000 balance than GO2bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
GO2bank offers a High Yield Savings account with a competitive 4.50% APY, but it requires the opening of a GO2bank checking account. This account is online-only and limits interest to balances up to $5,000, with no interest earned on amounts above that. In comparison, Forbright Bank's Growth Savings account provides a slightly lower APY of 4.00% with no account bundling or direct deposit requirements, making it simpler for users. Forbright's account is also online-only, and it has no minimum deposit or balance requirements. Overall, while GO2bank has a higher APY, Forbright Bank's offering is more flexible for those seeking straightforward savings options.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Forbright Bank vs. GO2bank Savings Calculator
You earn $175 more with Forbright Bank than GO2bank 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.
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$225.00(2.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,225.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Forbright Bank | GO2bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.50% 0Verified: 1/7/2026 Stable (90d) |
| Product Name | Growth Savings | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $5 per month, unless you set up direct deposit |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.8 Android4.5 |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | - | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Next Steps | Visit SiteVerify at Forbright Bank Non-sponsored link to official site | Visit SiteVerify at GO2bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | GO2bank | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | High Yield Savings | |
Current APY | 3.65% | 3.65% | 4.00% | 4.50% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -6.4 | -6.4 | -6.8 | 0.0 |
Days Since Change | 98 | 98 | 90 | 154 |
5-Month High | 3.90% | 3.90% | 4.25% | 4.50% |
5-Month Low | 3.65% | 3.65% | 4.00% | 4.50% |
Adjustments / Mo | 0.19 | 0.19 | 0.19 | 0.00 |
Volatility Score | 0.031 | 0.031 | 0.029 | 0.000 |
How to read these metrics(Click to expand)
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