Forbright Bank vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Forbright Bank vs. Ivy Bank
Key Metrics at a Glance
| Feature | Forbright Bank | Ivy Bank |
|---|---|---|
| Top Savings APY | 4.00% Growth Savings | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
Forbright Bank
Strengths
- Forbright Bank offers a higher APY of 4.00% compared to Ivy Bank's 4.25%.
- Forbright Bank has an A+ BBB rating and is BBB Accredited.
- Forbright Bank has a higher App Store rating of 4.8.
Potential Drawbacks
- Forbright Bank has no physical branches, limiting in-person service.
- Forbright Bank's Growth Savings account requires no minimum deposit, but Ivy Bank's requires $2,500.
- Forbright Bank's Google Play rating is lower at 4.6 compared to Ivy Bank's 3.5.
Ivy Bank
Strengths
- Ivy Bank's High-Yield Savings Account has a competitive APY of 4.25%.
- Ivy Bank has no maintenance fees for its accounts.
- Ivy Bank has a minimum deposit requirement of $2,500 for its account.
Potential Drawbacks
- Ivy Bank has a lower BBB rating of A- and is not BBB Accredited.
- Ivy Bank has no physical branches, limiting in-person service.
- Ivy Bank's Google Play rating is lower at 3.5 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 Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $25 more than Forbright Bank on a $10,000 balance after one year. Forbright Bank pays $400, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
→ In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Forbright Bank vs Ivy Bank
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 OverviewIvy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Forbright Bank's total earnings would be $162.1 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Forbright Bank's vs Ivy Bank's Savings Accounts
| Forbright Bank | Ivy Bank | ||||
|---|---|---|---|---|---|
| Product | Growth Savings | Bright Savings | Sprout Savings | vs | High-Yield Savings Account |
| 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) | 0.05% - 4.25% (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 | Daily | |
| Minimum Deposit | $0 | $250 | $1 | $2,500 | |
| Minimum Balance for APY | $0 | $250,000 | $0.01 | $2,500 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| 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) | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| 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. | |||
| App Store Rating | 4.8/5 | 4.7/5 | |||
| Google Play Rating | 4.6/5 | 3.5/5 | |||
| BBB Rating | A+ | A- | |||
No historical data available.