Axos Bank vs. Forbright Bank
Axos Bank's Axos ONE Savings pays 4.21% APY while Forbright Bank's Growth Savings pays 3.85% APY.
Note: Axos Bank's Axos ONE Savings also needs a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Axos Bank pays $36 more than Forbright Bank annually ($421 vs $385).
Choose Axos Bank if getting the best rate matters most. Choose Forbright Bank if you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Axos Bank's Axos ONE Savings pays its top rate only if you also open a checking account with Axos Bank, while Forbright Bank's Growth Savings stands alone.
| Metric | Axos BankAxos ONE Savings Sep 5, 2026 | Forbright BankGrowth Savings Sep 7, 2026 |
|---|---|---|
| APY | 3.50% - 4.21% | 3.85% |
Earns in a year | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | Limited offer: The stated APY includes a temporary 0.30% APY boost for new customers. Only people who never had a Forbright Bank Growth Savings or Growth CD account can get the boost. The account must be opened online, and a one-time balance of $1,000 must be reached by 08/31/2026. The boost ends on 12/31/2026, and a lower APY applies after that. Existing customers get the standard APY. See terms at Forbright Bank. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Axos Bank vs. Forbright Bank
Executive Summary
Axos Bank offers the Axos ONE Savings account with a competitive APY of 4.21%, which is significantly higher than Forbright Bank's top offering, the Growth Savings account, yielding 3.85%. The Axos ONE Savings requires customers to either set up a direct deposit of $1,500 or maintain an average balance of $5,000 in their ONE Checking account. This account is available online and is nationally accessible, while Forbright Bank's accounts, including the Growth Savings, must be opened in a branch located in the Washington, D.C. metro area. For those seeking lower-yield options, Axos Bank also provides the Summit Savings at 3.75%.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- Access to 95,000 fee-free ATMs
- Higher potential APY (3.50%-4.21% vs 3.46%-3.85%) on all balances
Why Forbright Bank?
- Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- Fast transfers via Zelle®
Key Feature Differences
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE Savings earns more on smaller deposits (approx. $421 vs $385/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE Savings pulls ahead with larger amounts (approx. $1053 vs $963/yr).
Better for All-in-One Banking
Axos BankAxos Bank's Axos ONE Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE Savings pays $36 more interest on a $10,000 balance than Forbright Bank's Growth 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
Axos Bank vs. Forbright Bank Savings Calculator
You earn $36 more with Axos Bank than Forbright 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.
Axos Bank
Axos ONE Savings
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $380 a year in interest.
Both Axos Bank and Forbright Bank advertise far more than that typical branch-bank rate.
| Feature | Axos Bank | Forbright Bank |
|---|---|---|
| APY | 4.21% Range: 3.50% - 4.21% Observed: 9/5/2026 Stable over 90 days | 3.85% Observed: 9/7/2026 Stable over 90 days |
| Product Name | Axos ONE Savings | Growth Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 3 (CA, NV, UT) | 4 (MD) |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Important Notes | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | Limited offer: The stated APY includes a temporary 0.30% APY boost for new customers. Only people who never had a Forbright Bank Growth Savings or Growth CD account can get the boost. The account must be opened online, and a one-time balance of $1,000 must be reached by 08/31/2026. The boost ends on 12/31/2026, and a lower APY applies after that. Existing customers get the standard APY. See terms at Forbright Bank. |
| Next Steps | Visit SiteVerify at Axos Bank Non-sponsored link to official site | Visit SiteVerify at Forbright Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Forbright Bank | |||||
|---|---|---|---|---|---|---|---|
| Axos ONE Savings | Summit Savings | High Yield Savings | Growth Savings | Bright Business Savings | Bright Savings | Sprout Savings | |
Current APY | 4.21% | 3.75% | 0.61% | 3.85% | 3.46% | 3.46% | 3.46% |
Trend | Stable | Stable | Stable | Stable | Stable | Stable | Stable |
Speed of change | -0.04 | -0.06 | 0.00 | -0.04 | 0.00 | -0.05 | -0.05 |
Days Since Change | 217 | 270 | 363 | 4 | 144 | 144 | 144 |
12-Month High | 4.51% | 4.00% | 0.61% | 4.25% | 3.46% | 3.90% | 3.90% |
12-Month Low | 4.21% | 3.75% | 0.61% | 3.85% | 3.45% | 3.45% | 3.45% |
Changes per month | 0.25 | 0.08 | 0.00 | 0.33 | 0.08 | 0.25 | 0.25 |
Steadiness | 0.023 | 0.030 | 0.000 | 0.028 | 0.001 | 0.031 | 0.031 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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Compare Axos Bank's APY of 4.21% with other banks
Compare Forbright Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Forbright Bank vs Ally Bank | 3.00% | $0 |
| Forbright Bank vs American Express | 3.00% | $0 |
| Forbright Bank vs Barclays | 3.65% | $0 |
| Forbright Bank vs Capital One | 3.50% | $0 |
| Forbright Bank vs Chime | 3.75% | $0 |
| Forbright Bank vs CIT Bank | 3.75% | $100 |
| Forbright Bank vs EverBank | 3.90% | $0 |
| Forbright Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $100 |
| Forbright Bank vs Openbank | 3.80% | $500 |
| Forbright Bank vs Pibank | 4.10% | $0 |
| Forbright Bank vs SoFi Bank | 4.00% | $0 |
| Forbright Bank vs Synchrony Bank | 3.30% | $0 |
| Forbright Bank vs Varo Bank | 3.75% | $0 |
| Forbright Bank vs Wealthfront | 3.95% | $0 |