Forbright Bank vs. Synchrony Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Forbright Bank vs. Synchrony Bank
Key Metrics at a Glance
| Feature | Forbright Bank | Synchrony Bank |
|---|---|---|
| Top Savings APY | 4.00% Growth Savings | 3.80% High Yield Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
Forbright Bank
Strengths
- Forbright Bank offers a higher APY of 4.00% compared to Synchrony Bank's 3.80%.
- Forbright Bank has an A+ BBB rating and is BBB Accredited.
- Forbright Bank has a wider range of savings accounts, including tiered options.
Potential Drawbacks
- Forbright Bank has a minimum balance requirement of $250,000 for its Bright Savings account's highest APY.
- Forbright Bank has fewer branch locations, limited to the Washington D.C. area.
- Forbright Bank's Google Play rating is lower at 4.6 compared to Synchrony Bank's 4.5.
Synchrony Bank
Strengths
- Synchrony Bank's High Yield Savings account has no minimum deposit requirement.
- Synchrony Bank has a competitive APY of 3.80%, unchanged from 30 days ago.
- Synchrony Bank has a high App Store rating of 4.8.
Potential Drawbacks
- Synchrony Bank does not have a BBB rating or accreditation.
- Synchrony Bank only offers one savings account option.
- Synchrony Bank's Google Play rating is lower at 4.5 compared to Forbright Bank's 4.6.
Summary: Forbright Bank leads with a higher APY of 4.00% and an A+ BBB rating, while Synchrony Bank offers a competitive 3.80% APY with no minimum deposit. However, Forbright Bank has more account options, though it requires a high minimum balance for its best rates. Synchrony Bank lacks a BBB rating and has fewer account choices, making it less appealing for some customers.
→ 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 Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
→ Forbright Bank yields $20 more than Synchrony Bank on a $10,000 balance after one year. Forbright Bank pays $400, while Synchrony Bank pays $380 - 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 Synchrony 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 OverviewSynchrony Bank - High Yield Savings
Top APY: 3.80%
Total savings breakdown:
- Interest earned: $2,305.9 (11.36%)
- Total contributions: $13,000 (64.02%)
- Initial deposit: $5,000 (24.62%)
Your total balance
$20,305.90
Effective APY: 3.80% (based on your deposit and contributions)
Total balance: $20,305.9
Earnings: $2,305.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Forbright Bank's total earnings would be $128.8 higher than Synchrony 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 Synchrony Bank's Savings Accounts
| Forbright Bank | Synchrony Bank | ||||
|---|---|---|---|---|---|
| Product | Growth Savings | Bright Savings | Sprout Savings | vs | 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) | 3.80% (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 | $0 | |
| Minimum Balance for APY | $0 | $250,000 | $0.01 | $0 | |
| 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 | 4.5/5 | |||
| BBB Rating | A+ | Not Rated | |||
Comparative Historical APY Insights (Last 10 Months)
| Forbright Bank | Synchrony Bank | ||||
|---|---|---|---|---|---|
| Product | Sprout Savings | Bright Savings | Growth Savings | vs | High Yield Savings |
| Latest APY | 3.65 % | 3.65 % | 4.00 % | 3.80 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.7 | -2.7 | -1.8 | -3.2 | |
| Rate Changes / Mo | 0.10 | 0.10 | 0.10 | 0.20 | |
| Days Since Last Change | 43 | 43 | 35 | 163 | |
| High (-10 m) | 3.90 % | 3.90 % | 4.25 % | 4.10 % | |
| Low (-10 m) | 3.65 % | 3.65 % | 4.00 % | 3.80 % | |
| Draw-down from High | -6.4 % | -6.4 % | -5.9 % | -7.3 % | |
| Volatility (CV) | 0.026 | 0.026 | 0.021 | 0.027 | |
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.