Chime vs. Forbright Bank
Chime's Chime High-Yield Savings Account pays 3.75% APY while Forbright Bank's Growth Savings pays 4.15% APY.
Note: Chime requires 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? Forbright Bank pays $10 more than Chime annually ($385 vs $375).
Choose Forbright Bank if you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Forbright Bank offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Aug 19, 2026 | Forbright BankGrowth Savings Aug 21, 2026 |
|---|---|---|
| APY | 3.75% | 3.85% - 4.15% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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 AppDirect Deposit ReqChecking BundleDaily Compounding | 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 Chime vs. Forbright Bank
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Higher potential APY (3.46%-4.15% vs 3.75%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Offers 4 different high-yield savings options
- ✓Fast transfers via Zelle®
Key Feature Differences
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 (factoring in a 0-month promo), Forbright Bank's Growth Savings pays $10 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*Forbright Bank's calculation includes their 0-month introductory promotional rate and subsequent standard rate.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chime vs. Forbright Bank Savings Calculator
You earn $40 more with Forbright Bank than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
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 $374 per year in interest.
Both Chime and Forbright Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Chime | Forbright Bank |
|---|---|---|
| APY | 3.75% Verified: 8/19/2026 - | 4.15% Range: 3.85% - 4.15% Verified: 8/21/2026 - |
| Product Name | Chime High-Yield Savings Account | 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 | N/A | Locations in the Washington D.C. area (Maryland and Virginia) |
| Direct Deposit Req. | Required | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Important Notes | - | 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 Chime 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 | Forbright Bank |
|---|---|
| Bright Business Savings | |
Current APY | 3.46% |
Trend | Stable |
Velocity (bps/mo) | 0.2 |
Days Since Change | 127 |
6-Month High | 3.46% |
6-Month Low | 3.45% |
Adjustments / Mo | 0.16 |
Volatility Score | 0.001 |
How to read these metrics(Click to expand)
Compare Similar Alternatives
Compare Chime vs...
Comparing against other Bundled Accounts
Compare Forbright Bank vs...
Comparing against Standard Savings
More Comparisons
Compare Chime's APY of 3.75% with other banks
Compare Forbright Bank's APY of 4.15% 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 Axos Bank | 4.21% | $0 |
| Forbright Bank vs Barclays | 3.65% | $0 |
| Forbright Bank vs Capital One | 3.50% | $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 | 3.80% | $0 |
| Forbright Bank vs Synchrony Bank | 3.30% | $0 |
| Forbright Bank vs Varo Bank | 3.75% | $0 |
| Forbright Bank vs Wealthfront | 3.95% | $0 |