Forbright Bank vs. Openbank
Comparing Forbright Bank and Openbank for high-yield savings: Forbright Bank's Growth Savings pays 3.85% APY while Openbank's High-Yield Savings Account pays 4.00% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Openbank pays $15 more than Forbright Bank annually ($400 vs $385).
Choose Forbright Bank if you're an Android user, or you want Zelle for quick transfers. Choose Openbank if getting the best rate matters most.
| Metric | Forbright BankGrowth Savings May 22, 2026 | OpenbankHigh-Yield Savings Account May 20, 2026 |
|---|---|---|
| APY | 3.85% | 4.00% |
Est. Earnings | $5,000+$193 $10,000+$385 $25,000+$963 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppRate Changes Often |
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. Openbank
Executive Summary
Openbank offers a High-Yield Savings Account with a competitive APY of 4.00%, making it the standout choice compared to Forbright Bank's Growth Savings account, which yields 3.85%. Both accounts have no maintenance fees and do not require direct deposit, but Openbank's account requires a minimum deposit of $500. Forbright also provides additional savings options like Bright Savings and Sprout Savings, which yield 3.46% but come with specific eligibility requirements and higher minimum balances. Notably, Openbank operates online-only, while Forbright offers some products that must be opened in a physical branch.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Forbright Bank?
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Higher rated Android app (4.5 vs 3.2)
- ✓Offers 3 different high-yield savings options
- ✓Fast transfers via Zelle®
Why Openbank?
- ✓Higher potential APY (4.00% vs 3.46%-3.85%) on all balances
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $400 vs $385/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1000 vs $963/yr).
Best Mobile App Experience
Forbright BankForbright Bank offers an iOS app rated 4.8 (vs. 4.6) and Android app rated 4.5 (vs. 3.2)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $15 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Forbright Bank vs. Openbank Savings Calculator
You earn $15 more with Openbank 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+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $384 per year in interest.
Both Forbright Bank and Openbank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Forbright Bank | Openbank |
|---|---|---|
| APY | 3.85% Verified: 5/22/2026 Stable (90d) | 4.00% Verified: 5/20/2026 ↘︎ 0.09%90d Change |
| Product Name | Growth Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | Locations in the Washington D.C. area (Maryland and Virginia) | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Forbright Bank Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | Openbank | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | High-Yield Savings Account | |
Current APY | 3.46% | 3.46% | 3.85% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -5.0 | -5.0 | -4.5 | -2.4 |
Days Since Change | 34 | 34 | 131 | 50 |
12-Month High | 3.90% | 3.90% | 4.25% | 4.40% |
12-Month Low | 3.45% | 3.45% | 3.85% | 4.00% |
Adjustments / Mo | 0.25 | 0.25 | 0.16 | 0.33 |
Volatility Score | 0.051 | 0.051 | 0.042 | 0.021 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Forbright Bank's APY of 3.85% with other banks
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|---|---|---|
| Forbright Bank vs Ally Bank | 3.10% | $0 |
| Forbright Bank vs American Express | 3.10% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Barclays | 3.75% | $0 |
| Forbright Bank vs Capital One | 3.10% | $0 |
| Forbright Bank vs Chime | 3.00% | $0 |
| Forbright Bank vs CIT Bank | 3.75% | $100 |
| Forbright Bank vs Discover Bank | 3.30% | $0 |
| Forbright Bank vs EverBank | 3.90% | $0 |
| Forbright Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Pibank | 4.40% | $0 |
| Forbright Bank vs SoFi Bank | 4.00% | $0 |
| Forbright Bank vs Synchrony Bank | 3.40% | $0 |
| Forbright Bank vs Varo Bank | 5.00% | $0 |
| Forbright Bank vs Wealthfront | 4.20% | $0 |