Forbright Bank vs. Synchrony Bank
Comparing Forbright Bank and Synchrony Bank for high-yield savings: Forbright Bank's Growth Savings pays 4.15% APY while Synchrony Bank's High Yield Savings pays 3.30% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Forbright Bank pays $85 more than Synchrony Bank annually ($415 vs $330).
Choose Forbright Bank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | Forbright BankGrowth Savings Jul 6, 2026 | Synchrony BankHigh Yield Savings Jul 6, 2026 |
|---|---|---|
| APY | 4.15% | 3.30% |
Est. Earnings | $5,000+$208 $10,000+$415 $25,000+$1,038 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Forbright Bank vs. Synchrony Bank
Executive Summary
Forbright Bank offers a superior Growth Savings account with an APY of 4.15%, significantly higher than Synchrony Bank's High Yield Savings account, which has an APY of 3.30%. The Growth Savings account stands out for its simplicity, requiring no minimum deposit, maintenance fees, or direct deposit, and is available online. In contrast, Synchrony Bank's account also has no minimum balance or fees but does not match the competitive rate of Forbright. Overall, Forbright Bank is the clear winner based on the provided data.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Forbright Bank?
- ✓Higher potential APY (3.46%-4.15% vs 3.30%) on all balances
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Offers 3 different high-yield savings options
- ✓Fast transfers via Zelle®
Why Synchrony 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. $415 vs $330/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1038 vs $825/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.15% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $85 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Forbright Bank vs. Synchrony Bank Savings Calculator
You earn $85 more with Forbright Bank than Synchrony 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+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $329 per year in interest.
Both Forbright Bank and Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Forbright Bank | Synchrony Bank |
|---|---|---|
| APY | 4.15% Verified: 7/6/2026 ↗︎ 0.30%90d Change | 3.30% Verified: 7/6/2026 ↘︎ 0.20%90d Change |
| Product Name | Growth Savings | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | Locations in the Washington D.C. area (Maryland and Virginia) | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at Forbright Bank Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | Synchrony Bank | ||
|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | High Yield Savings | |
Current APY | 3.46% | 3.46% | 4.15% | 3.30% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.4 | -4.4 | -3.1 | -4.7 |
Days Since Change | 81 | 81 | 21 | 20 |
12-Month High | 3.90% | 3.90% | 4.25% | 3.80% |
12-Month Low | 3.45% | 3.45% | 3.85% | 3.30% |
Adjustments / Mo | 0.25 | 0.25 | 0.25 | 0.33 |
Volatility Score | 0.047 | 0.047 | 0.039 | 0.046 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Forbright Bank vs...
Comparing against Standard Savings
Compare Synchrony Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare Forbright Bank's APY of 4.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Forbright Bank vs Ally Bank | 3.10% | $0 |
| Forbright Bank vs American Express | 3.10% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Barclays | 3.65% | $0 |
| Forbright Bank vs Capital One | 3.00% | $0 |
| Forbright Bank vs Chime | 3.00% | $0 |
| Forbright Bank vs CIT Bank | 3.75% | $100 |
| Forbright Bank vs Discover Bank | 3.30% | $0 |
| Forbright Bank vs EverBank | 3.90% | $0 |
| Forbright Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Openbank | 4.00% | $500 |
| Forbright Bank vs Pibank | 4.10% | $0 |
| Forbright Bank vs SoFi Bank | 3.80% | $0 |
| Forbright Bank vs Varo Bank | 5.00% | $0 |
| Forbright Bank vs Wealthfront | 4.20% | $0 |