Forbright Bank vs. Santander Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Forbright Bank vs. Santander Bank
Key Metrics at a Glance
| Feature | Forbright Bank | Santander Bank |
|---|---|---|
| Top Savings APY | 4.00% Growth Savings | 0.01% Santander Savings |
| Minimum to Open | $0 | $25 |
| Minimum Balance for Top APY | $0 | $0 |
Forbright Bank
Strengths
- Forbright Bank offers a high APY of 4.00% on its Growth Savings account.
- Forbright Bank has an A+ BBB rating and is BBB Accredited.
- Forbright Bank has no maintenance fees on its accounts.
Potential Drawbacks
- Forbright Bank has limited branch locations in the Washington D.C. area.
- Forbright Bank's Bright Savings account requires a minimum balance of $250,000 for the highest APY.
- Forbright Bank's Sprout Savings account has a cap on the highest APY.
Santander Bank
Strengths
- Santander Bank has a minimum deposit of only $25 for its savings account.
- Santander Bank offers a wider geographic presence in the Northeast and Miami.
Potential Drawbacks
- Santander Bank's APY is significantly lower at 0.01%.
- Santander Bank is not BBB Accredited and has no BBB rating.
- Santander Bank charges a $1 maintenance fee on its savings account.
→ 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 Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
→ Forbright Bank yields $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.
Calculate Savings Growth for Forbright Bank vs Santander Bank
Forbright Bank - Growth Savings
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
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewSantander Bank - Santander Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Forbright Bank's total earnings would be $2,429 higher than Santander 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 Santander Bank's Savings Accounts
| Forbright Bank | Santander Bank | ||||
|---|---|---|---|---|---|
| Product | Growth Savings | Bright Savings | Sprout Savings | vs | Santander 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) | 0.01% (as of 11/12/2025) | |
| Bundled Account | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | No | No | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $250 | $1 | $25 | |
| Minimum Balance for APY | $0 | $250,000 | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $1 | |
| 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 | 4.1/5 | |||
| BBB Rating | A+ | Not Rated | |||
Comparative Historical APY Insights (Last 10 Months)
| Forbright Bank | Santander Bank | ||||
|---|---|---|---|---|---|
| Product | Sprout Savings | Bright Savings | Growth Savings | vs | Santander Savings |
| Latest APY | 3.65 % | 3.65 % | 4.00 % | 0.01 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.7 | -2.7 | -1.8 | -0.2 | |
| Rate Changes / Mo | 0.10 | 0.10 | 0.10 | 0.10 | |
| Days Since Last Change | 43 | 43 | 35 | 55 | |
| High (-10 m) | 3.90 % | 3.90 % | 4.25 % | 0.03 % | |
| Low (-10 m) | 3.65 % | 3.65 % | 4.00 % | 0.01 % | |
| Draw-down from High | -6.4 % | -6.4 % | -5.9 % | -66.7 % | |
| Volatility (CV) | 0.026 | 0.026 | 0.021 | 0.315 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 295 days.
- Low (-10 m)
- Lowest APY in the last 295 days.
- Draw-down from High
- How far today sits below the 10-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.