Forbright Bank vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Forbright Bank
Growth Savings
4.00%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Forbright Bank
Growth Savings
Sallie Mae Bank
High-Yield Savings Account
3.90%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Sallie Mae Bank
High-Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Forbright Bank vs. Sallie Mae Bank Savings Calculator
Forbright Bank earns $64.5 more than Sallie Mae Bank.
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$2,434.70(11.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,434.70
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Forbright Bank vs. Sallie Mae Bank
Why Forbright Bank?
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Higher rated iOS app (4.8 vs 1.5)
- ✓Higher rated Android app (4.6 vs 1.6)
- ✓Offers 3 different high-yield savings options
Why Sallie Mae Bank?
No distinct advantages found vs Forbright Bank.
— Key Feature Differences —
Best Mobile App Experience
Forbright BankForbright Bank offers an iOS app rated 4.8 (vs. 1.5) and Android app rated 4.6 (vs. 1.6)
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $10 more interest on a $10,000 balance than Sallie Mae Bank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Forbright Bank offers a competitive savings option with its Growth Savings account, providing an APY of 4.00%, available online with no minimum balance requirement. In contrast, Sallie Mae Bank's High-Yield Savings Account offers an APY of 3.90%, also with no minimum balance and online-only access. While both accounts are accessible without direct deposit requirements, Forbright's Growth Savings account stands out with a slightly higher APY. Additionally, Forbright Bank boasts a strong mobile app experience, rated significantly higher than Sallie Mae's.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Forbright Bank and Sallie Mae Bank.
| Feature | Forbright Bank | Sallie Mae Bank |
|---|---|---|
| APY | 4.00% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.90% Verified: 12/10/2025 Stable (90d) |
| Product Name | Growth Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS1.5 Android1.6 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | Sallie Mae Bank | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | High-Yield Savings Account | |
Current APY | 3.65% | 3.65% | 4.00% | 3.90% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.2 | -3.2 | -2.5 | -0.1 |
Days Since Change | 70 | 70 | 62 | 313 |
11-Month High | 3.90% | 3.90% | 4.25% | 4.00% |
11-Month Low | 3.65% | 3.65% | 4.00% | 3.90% |
Adjustments / Mo | 0.09 | 0.09 | 0.09 | 0.09 |
Volatility Score | 0.030 | 0.030 | 0.026 | 0.004 |
How to read these metrics(Click to expand)
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