Forbright Bank vs. Peak Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Forbright Bank vs. Peak Bank
Key Metrics at a Glance
| Feature | Forbright Bank | Peak Bank |
|---|---|---|
| Top Savings APY | 4.00% Growth Savings | 4.20% Envision High Yield Savings |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 |
Forbright Bank
Strengths
- Forbright Bank offers a Growth Savings account with a competitive APY of 4.00%.
- Forbright Bank has a BBB rating of A+ and is BBB Accredited.
- Forbright Bank has multiple savings account options, including tiered accounts.
Potential Drawbacks
- Forbright Bank has a lower APY compared to Peak Bank's high-yield account.
- Forbright Bank has physical branches only in the Washington D.C. area.
- Forbright Bank's Bright Savings account requires a minimum balance of $250,000 for the highest APY.
Peak Bank
Strengths
- Peak Bank's Envision High Yield Savings account offers a higher APY of 4.20%.
- Peak Bank has no branch locations, providing a streamlined online experience.
- Peak Bank has no minimum balance requirement for its high-yield savings account.
Potential Drawbacks
- Peak Bank is not BBB Accredited despite having an A+ rating.
- Peak Bank has only one savings account option, limiting customer choice.
- Peak Bank requires a minimum deposit of $100 to open the high-yield savings account.
Summary: Forbright Bank offers a Growth Savings account with a 4.00% APY and multiple options, while Peak Bank provides a higher APY of 4.20% with no minimum balance requirement. However, Forbright Bank is BBB Accredited, unlike Peak Bank. Additionally, Forbright has physical branches, while Peak operates entirely online, which may appeal to different customer preferences.
→ 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 Peak Bank's 4.20% APY for its Envision High Yield Savings account, with a minimum balance of .
→ Peak Bank yields $20 more than Forbright Bank on a $10,000 balance after one year. Forbright Bank pays $400, while Peak Bank pays $420 - an APY advantage for Peak Bank.
→ In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Forbright Bank vs Peak Bank
All calculations are based on APY.
Forbright Bank - Growth Savings
Top APY: 4.00%
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
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewPeak Bank - Envision High Yield Savings
Top APY: 4.20%
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Effective APY: 4.20% (based on your deposit and contributions)
Total balance: $20,564.3
Earnings: $2,564.3
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Forbright Bank's total earnings would be $129.6 lower than Peak 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 Peak Bank's Savings Accounts
| Forbright Bank | Peak Bank | ||||
|---|---|---|---|---|---|
| Product | Growth Savings | Bright Savings | Sprout Savings | vs | Envision High Yield Savings |
| 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) | 4.20% (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 | $100 | |
| Minimum Balance for APY | $0 | $250,000 | $0.01 | N/A | |
| 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) | United States | |
| 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 | 4.8/5 | |||
| Google Play Rating | 4.6/5 | 4.6/5 | |||
| BBB Rating | A+ | A+ | |||
Comparative Historical APY Insights (Last 9 Months)
| Forbright Bank | Peak Bank | ||||
|---|---|---|---|---|---|
| Product | Sprout Savings | Bright Savings | Growth Savings | vs | Envision High Yield Savings |
| Latest APY | 3.65 % | 3.65 % | 4.00 % | 4.20 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.7 | -2.7 | -2.1 | -3.6 | |
| Rate Changes / Mo | 0.11 | 0.11 | 0.11 | 0.44 | |
| Days Since Last Change | 43 | 43 | 35 | 43 | |
| High (-9 m) | 3.90 % | 3.90 % | 4.25 % | 4.54 % | |
| Low (-9 m) | 3.65 % | 3.65 % | 4.00 % | 4.20 % | |
| Draw-down from High | -6.4 % | -6.4 % | -5.9 % | -7.5 % | |
| Volatility (CV) | 0.026 | 0.026 | 0.022 | 0.026 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-9 m)
- Highest APY in the last 272 days.
- Low (-9 m)
- Lowest APY in the last 272 days.
- Draw-down from High
- How far today sits below the 9-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.