Barclays vs. Forbright Bank
Barclays's Tiered Savings pays 3.65% APY while Forbright Bank's Growth Savings pays 3.85% 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 $35 more than Barclays annually ($385 vs $350).
Choose Forbright Bank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Sep 3, 2026 | Forbright BankGrowth Savings Sep 3, 2026 |
|---|---|---|
| APY | 3.50% - 3.65% | 3.85% |
Earns in a year | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The top APY is only available for balances over $250,000. For lower balances, a lower APY applies. | 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 AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing Barclays vs. Forbright Bank
Executive Summary
Barclays offers an Online Savings account with a competitive APY of 3.30%, which is available nationwide and requires no minimum balance or deposit. However, Forbright Bank stands out with its Growth Savings account, providing a higher APY of 4.15% for new customers who meet specific criteria, including a minimum balance of $1,000 by a certain date. This account is online-only and offers simplicity without direct deposit requirements or caps, making it an attractive option for those who qualify. Additionally, Forbright's other savings products, such as the Sprout Savings and Bright Savings, offer rates of 3.46%, but the Growth Savings is the clear winner in terms of yield.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- Higher potential APY (3.46%-3.85% vs 3.20%-3.65%) on all balances
- 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
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $385 vs $350/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $963 vs $875/yr).
Better for Simplicity
Forbright BankForbright Bank's Growth Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $35 more interest on a $10,000 balance than Barclays's Tiered 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
Barclays vs. Forbright Bank Savings Calculator
You earn $35 more with Forbright Bank than Barclays 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.
Barclays
Tiered Savings
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
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 $345 a year in interest.
Both Barclays and Forbright Bank advertise far more than that typical branch-bank rate.
| Feature | Barclays | Forbright Bank |
|---|---|---|
| APY | 3.65% Range: 3.50% - 3.65% Observed: 9/3/2026 0.35%90-day change | 3.85% Observed: 9/3/2026 Stable over 90 days |
| Product Name | Tiered Savings | Growth Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 1 (DE) | 4 (MD) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | 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 top APY is only available for balances over $250,000. For lower balances, a lower APY applies. | 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 Barclays 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 | Barclays | Forbright Bank | ||||
|---|---|---|---|---|---|---|
| Tiered Savings | Online Savings | Growth Savings | Bright Business Savings | Bright Savings | Sprout Savings | |
Current APY | 3.65% | 3.20% | 3.85% | 3.46% | 3.46% | 3.46% |
Trend | Stable | Stable | Stable | Stable | Stable | Stable |
Speed of change | -0.04 | -0.04 | -0.04 | 0.00 | -0.05 | -0.05 |
Days Since Change | 71 | 0 | 0 | 140 | 140 | 140 |
12-Month High | 4.10% | 3.70% | 4.25% | 3.46% | 3.90% | 3.90% |
12-Month Low | 3.65% | 3.20% | 3.85% | 3.45% | 3.45% | 3.45% |
Changes per month | 0.33 | 0.41 | 0.33 | 0.08 | 0.25 | 0.25 |
Steadiness | 0.019 | 0.021 | 0.028 | 0.001 | 0.032 | 0.032 |
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 363-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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More Comparisons
Compare Barclays' APY of 3.65% with other banks
Compare Forbright Bank's APY of 3.85% with other banks
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|---|---|---|
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