Forbright Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Forbright BankGrowth Savings Jan 7, 2026 | Wells FargoPlatinum Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 0.05% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking Bundle |
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. Wells Fargo
As of Forbright Bank offers an APY of 4.00% for its Growth Savings account, with a minimum balance of $0, compared to Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
Forbright Bank pays $395 more than Wells Fargo on a $10,000 balance after one year. Forbright Bank pays $400, while Wells Fargo pays $5 - 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, while Wells Fargo offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
Why Forbright Bank?
- ✓Higher potential APY (3.65%-4.00% vs 0.01%-0.05%) on all balances
- ✓No checking account or direct deposit required
Why Wells Fargo?
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 $5/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1000 vs $13/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 $395 more interest on a $10,000 balance than Wells Fargo's Platinum 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 competitive Growth Savings account with an attractive 4.00% APY, requiring no minimum deposit and no direct deposit, making it a straightforward option for savers. In contrast, Wells Fargo's highest-yielding product, the Platinum Savings account, provides only a 0.05% APY, which is significantly lower. While Wells Fargo does have a Way2Save Savings account with a minimal 0.01% APY, it pales in comparison to Forbright's offerings. Notably, Forbright's Growth Savings is available online only, while Wells Fargo provides traditional branch access. Overall, Forbright Bank stands out as 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Forbright Bank vs. Wells Fargo Savings Calculator
You earn $395 more with Forbright Bank than Wells Fargo 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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Forbright Bank | Wells Fargo |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 0.05% Range: 0.05% - 0.05% Verified: 1/7/2026 ↘︎ 2.46%90d Change |
| Product Name | Growth Savings | Platinum Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.5 | iOS4.9 Android4.8 |
| Zelle® Support | Available Branch accounts only; Growth Savings online does NOT support. | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A+ | D- |
| Important Notes | - | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps | Visit SiteVerify at Forbright Bank Non-sponsored link to official site | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Forbright Bank | Wells Fargo | |||
|---|---|---|---|---|---|
| Sprout Savings | Bright Savings | Growth Savings | Platinum Savings | Way2Save Savings | |
Current APY | 3.65% | 3.65% | 4.00% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -6.1 | -6.1 | -6.2 | -61.6 | -0.0 |
Days Since Change | 98 | 98 | 90 | 82 | 177 |
6-Month High | 3.90% | 3.90% | 4.25% | 2.51% | 0.01% |
6-Month Low | 3.65% | 3.65% | 4.00% | 0.05% | 0.01% |
Adjustments / Mo | 0.17 | 0.17 | 0.17 | 0.51 | 0.00 |
Volatility Score | 0.032 | 0.032 | 0.030 | 1.077 | 0.000 |
How to read these metrics(Click to expand)
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