Forbright Bank vs. MutualOne Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Forbright BankGrowth Savings Jan 7, 2026 | MutualOne BankMo Premium Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 4.07% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$0 $10,000+$0 $25,000+$1,018 |
Min Deposit | $0 | $20,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Forbright Bank vs. MutualOne Bank
As of Forbright Bank offers an APY of 4.00% for its Growth Savings account, with a minimum balance of $0, compared to MutualOne Bank's 4.07% APY for its Mo Premium Savings account, with a minimum balance of $20,000.
MutualOne Bank pays $7 more than Forbright Bank on a $10,000 balance after one year. Forbright Bank pays $400, while MutualOne Bank pays $407 - an APY advantage for MutualOne Bank.
In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account, with a minimum balance of $250,000, while MutualOne Bank offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why Forbright Bank?
- ✓Offers 3 different high-yield savings options
Why MutualOne Bank?
No distinct advantages found vs Forbright Bank.
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $400 vs $0/yr).
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $7 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
Forbright Bank offers a competitive Growth Savings account with an APY of 4.00%, making it a strong choice for savers looking for higher returns on smaller deposits. This account is online-only and has no minimum deposit or balance requirements. In contrast, MutualOne Bank's Mo Premium Savings account provides a slightly higher APY of 4.07%, but requires a minimum deposit and balance of $20,000. While both banks offer attractive savings options, Forbright Bank's Growth Savings is more accessible for those without significant initial funds. Overall, MutualOne Bank's Mo Premium Savings stands out as the winner based on the highest APY.
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
Forbright Bank vs. MutualOne Bank Savings Calculator
You earn $14 more with MutualOne Bank than Forbright Bank on a $20,000 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+$800.00(3.8%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,800.00
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Forbright Bank | MutualOne Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 4.07% Verified: 1/7/2026 Stable (90d) |
| Product Name | Growth Savings | Mo Premium Savings |
| Minimum Deposit | $0 | $20,000 |
| Min. Balance for APY | $0 | $20,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.9 Android4.4 |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | Available Verified via website and app descriptions. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Forbright Bank Non-sponsored link to official site | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | MutualOne Bank | |||
|---|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | Online Savings | Mo Premium Savings | |
Current APY | 3.65% | 3.65% | 4.00% | 0.40% | 4.07% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.5 | -4.5 | -5.9 | 0.0 | -0.0 |
Days Since Change | 98 | 98 | 90 | 114 | 114 |
4-Month High | 3.90% | 3.90% | 4.25% | 0.40% | 4.07% |
4-Month Low | 3.65% | 3.65% | 4.00% | 0.40% | 4.07% |
Adjustments / Mo | 0.26 | 0.26 | 0.26 | 0.00 | 0.00 |
Volatility Score | 0.022 | 0.022 | 0.023 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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