Forbright Bank vs. Santander Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Forbright BankGrowth Savings Jan 7, 2026 | Santander BankSantander Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 0.01% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Forbright Bank vs. Santander Bank
As of Forbright Bank offers an APY of 4.00% for its Growth Savings account, with a minimum balance of $0, compared to Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
Forbright Bank pays $399 more than Santander Bank on a $10,000 balance after one year. Forbright Bank pays $400, while Santander Bank pays $1 - an APY advantage for Forbright Bank.
In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account, with a minimum balance of $250,000.
Why Forbright Bank?
- ✓Higher potential APY (3.65%-4.00% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.5 vs 4.0)
- ✓Offers 3 different high-yield savings options
Why Santander Bank?
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. $400 vs $1/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1000 vs $3/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $399 more interest on a $10,000 balance than Santander Bank's Santander Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Forbright Bank offers a standout Growth Savings account with a competitive APY of 4.00%, making it an excellent choice for savers looking for higher returns without any direct deposit requirements or maintenance fees. In contrast, Santander Bank's savings option provides a significantly lower APY of just 0.01%, which may not meet the needs of those seeking better interest earnings. While Forbright's Growth Savings is online-only, it allows for easy access with no minimum balance requirement, whereas Santander's account does have a minimum deposit of $25 but incurs a maintenance fee. Overall, Forbright Bank clearly leads in terms of savings rates.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Forbright Bank vs. Santander Bank Savings Calculator
You earn $399 more with Forbright Bank than Santander 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+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Forbright Bank | Santander Bank |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 0.01% Verified: 1/7/2026 Stable (90d) |
| Product Name | Growth Savings | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.8 Android4.0 |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | Available Branch-based retail accounts only. |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Forbright Bank Non-sponsored link to official site | Visit SiteVerify at Santander Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | Santander Bank | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | Santander Savings | |
Current APY | 3.65% | 3.65% | 4.00% | 0.01% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.3 | -3.3 | -2.7 | -0.2 |
Days Since Change | 98 | 98 | 90 | 110 |
12-Month High | 3.90% | 3.90% | 4.25% | 0.03% |
12-Month Low | 3.65% | 3.65% | 4.00% | 0.01% |
Adjustments / Mo | 0.09 | 0.09 | 0.09 | 0.09 |
Volatility Score | 0.032 | 0.032 | 0.028 | 0.430 |
How to read these metrics(Click to expand)
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