Forbright Bank vs. Ivy Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Forbright Bank
Growth Savings
4.00%APYDec 12, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Forbright Bank
Growth Savings
Ivy Bank
High-Yield Savings Account
Up to4.25%APYDec 12, 2025FDIC InsuredMod. MinimumGreat iOS AppRange: 0.05% – 4.25%Show Fine Print & Trends Hide Details
Ivy Bank
High-Yield Savings Account
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.
Forbright Bank vs. Ivy Bank Savings Calculator
You earn $25 more with Ivy Bank 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.
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$425.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,425.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Forbright Bank vs. Ivy Bank
Why Forbright Bank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Higher rated Android app (4.6 vs 3.5)
- ✓Offers 3 different high-yield savings options
- ✓Available Nationwide
Why Ivy Bank?
- ✓Higher potential APY (4.25% vs 3.65%-4.00%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Ivy BankIvy Bank's High-Yield Savings Account earns more on smaller deposits (approx. $425 vs $400/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1063 vs $1000/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Forbright BankForbright Bank offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.6 (vs. 3.5)
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $25 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
Forbright Bank's Growth Savings account offers a competitive 4.00% APY with no direct deposit requirement and is available online, making it a strong choice for savers. However, Ivy Bank's High-Yield Savings Account surpasses this with a higher 4.25% APY, also requiring a minimum deposit and balance of $2,500. Ivy Bank's account is exclusively available online and is ineligible for residents of California and U.S. Territories, except for the District of Columbia. While both banks provide appealing savings options, Ivy Bank's offering stands out as the winner based on the highest APY.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Forbright Bank and Ivy Bank.
| Feature | Forbright Bank | Ivy Bank |
|---|---|---|
| APY | 4.00% Verified: 12/12/2025 ↘︎ 0.25%90d Change | 4.25% Range: 0.05% - 4.25% Verified: 12/12/2025 - |
| Product Name | Growth Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0 | $2,500 |
| 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 | iOS4.8 Android4.6 | iOS4.7 Android3.5 |
| BBB Rating | A+ | A- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | Ivy Bank | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | High-Yield Savings Account | |
Current APY | 3.65% | 3.65% | 4.00% | 4.25% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | 0.0 | 0.0 |
Days Since Change | 28 | 28 | 28 | 28 |
1-Month High | 3.65% | 3.65% | 4.00% | 4.25% |
1-Month Low | 3.65% | 3.65% | 4.00% | 4.25% |
Adjustments / Mo | 0.00 | 0.00 | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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