Forbright Bank vs. Openbank
Comparing Forbright Bank and Openbank for high-yield savings: Forbright Bank's Growth Savings pays 4.15% APY while Openbank's High-Yield Savings Account pays 3.80% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Forbright Bank pays $35 more than Openbank annually ($415 vs $380).
Choose Forbright Bank if getting the best rate matters most, you're an Android user, or you want Zelle for quick transfers.
| Metric | Forbright BankGrowth Savings Aug 21, 2026 | OpenbankHigh-Yield Savings Account Aug 21, 2026 |
|---|---|---|
| APY | 3.85% - 4.15% | 3.80% |
Est. Earnings | $5,000+$208 $10,000+$415 $25,000+$1,038 | $5,000+$190 $10,000+$380 $25,000+$950 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
Terms | The standard APY is 3.85%. The advertised 4.15% APY includes a 0.30% promotional boost that is only for new customers, that is, persons who never had a Forbright Bank Growth Savings or Growth CD account. The boost starts the business day after a one-time balance of $1,000 is reached by 08/31/2026, and it stops on 12/31/2026. After that date the standard 3.85% APY applies. | - |
| 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
Forbright Bank's Growth Savings account offers a competitive APY of 4.15%, which includes a promotional boost for new customers, making it the higher-yield option compared to Openbank's High-Yield Savings Account at 3.80%. While Forbright's account requires a one-time balance of $1,000 to secure the promotional rate, it has no maintenance fees and is available online. In contrast, Openbank's account has a minimum deposit of $500 but similarly features no maintenance fees and is also online-only. Overall, Forbright Bank's Growth Savings account stands out for its superior APY.
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?
- ✓Higher potential APY (3.46%-4.15% vs 3.80%) on all balances
- ✓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?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $415 vs $380/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1038 vs $950/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 3.80% 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 4.5 (vs. 3.2)
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $35 more interest on a $10,000 balance than Openbank's High-Yield Savings Account.
*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 $35 more with Forbright Bank than Openbank 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+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
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 $379 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 | 4.15% Range: 3.85% - 4.15% Verified: 8/21/2026 ↗︎ 0.30%90d Change | 3.80% Verified: 8/21/2026 ↘︎ 0.20%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 |
| Important Notes | The standard APY is 3.85%. The advertised 4.15% APY includes a 0.30% promotional boost that is only for new customers, that is, persons who never had a Forbright Bank Growth Savings or Growth CD account. The boost starts the business day after a one-time balance of $1,000 is reached by 08/31/2026, and it stops on 12/31/2026. After that date the standard 3.85% APY applies. | - |
| 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% | 4.15% | 3.80% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.0 | -3.0 | -0.1 | -3.7 |
Days Since Change | 127 | 127 | 67 | 19 |
11-Month High | 3.90% | 3.90% | 4.25% | 4.20% |
11-Month Low | 3.45% | 3.45% | 3.85% | 3.80% |
Adjustments / Mo | 0.26 | 0.26 | 0.26 | 0.26 |
Volatility Score | 0.035 | 0.035 | 0.034 | 0.029 |
How to read these metrics(Click to expand)
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Compare Forbright Bank's APY of 4.15% with other banks
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|---|---|---|
| Forbright Bank vs Ally Bank | 3.00% | $0 |
| Forbright Bank vs American Express | 3.00% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Barclays | 3.65% | $0 |
| Forbright Bank vs Capital One | 3.00% | $0 |
| Forbright Bank vs Chime | 3.75% | $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 | 3.40% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Pibank | 4.10% | $0 |
| Forbright Bank vs SoFi Bank | 3.80% | $0 |
| Forbright Bank vs Synchrony Bank | 3.30% | $0 |
| Forbright Bank vs Varo Bank | 3.75% | $0 |
| Forbright Bank vs Wealthfront | 4.20% | $0 |