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 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? Forbright Bank pays $15 more than Openbank annually ($415 vs $400).
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 Jul 6, 2026 | OpenbankHigh-Yield Savings Account Jun 2, 2026 |
|---|---|---|
| APY | 4.15% | 4.00% |
Est. Earnings | $5,000+$208 $10,000+$415 $25,000+$1,038 | $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
Forbright Bank offers a superior Growth Savings account with an APY of 4.15%, making it the winner in this comparison. This online-only account requires no minimum deposit or balance and has no maintenance fees, allowing for daily compounding. In contrast, Openbank's High-Yield Savings Account provides a slightly lower APY of 4.00% with a minimum deposit requirement of $500 and monthly compounding. Both banks do not require direct deposit, but Forbright Bank's account stands out for its higher yield and more accessible terms.
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 4.00%) 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 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. $415 vs $400/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1038 vs $1000/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, Forbright Bank's Growth Savings pays $15 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 $15 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+$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 $399 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% Verified: 7/6/2026 ↗︎ 0.30%90d Change | 4.00% Verified: 6/2/2026 ↘︎ 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% | 4.15% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.4 | -4.4 | -3.1 | -2.2 |
Days Since Change | 47 | 47 | -13 | 63 |
11-Month High | 3.90% | 3.90% | 4.25% | 4.30% |
11-Month Low | 3.45% | 3.45% | 3.85% | 4.00% |
Adjustments / Mo | 0.27 | 0.27 | 0.27 | 0.27 |
Volatility Score | 0.047 | 0.047 | 0.039 | 0.018 |
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 | 3.10% | $0 |
| Forbright Bank vs American Express | 3.10% | $0 |
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