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Forbright Growth Savings

Rated on published terms

3.85% APY as of October 14, 2026, with no fees and no minimums

Rates verified October 14, 2026
High-Yield Savings
Open account

The Bottom Line

Best for
A saver who wants a single variable rate from a conventional bank, with no fee and no minimum, and does not need ATM access or checking from the same account.
APY
3.85% (verified Oct 14, 2026). All rates and fees

Key facts

  • Min. deposit: None
  • Monthly fee: None
  • Insurance: FDIC insured

Pros

  • 3.85% APY with no fees, no minimum deposit and no promotional rate
  • Deposits held directly at Forbright Bank, FDIC-insured
  • Interest compounded daily

Cons

  • Savings account with no checking and no ATM access
  • Variable rate that Forbright can change at any time, before or after account opening
  • Account opening is online, not in person

At a glance

Rates verified October 14, 2026
APY
3.85%
APY note
3.85% APY accurate as of October 14, 2026 per Forbright. The rate is variable and may change at any time, before or after account opening. The page shows no promotional rate and no balance floor.
Minimum deposit
None
Monthly fee
None
FDIC
Forbright Bank, FDIC-insured, $250k per depositor
Institution
Forbright Bank
ATM access
No

Source: forbrightbank.com/personal-banking/growth-savin…, read October 14, 2026

How this rate compares

10.1x

the FDIC national savings average of 0.38% (October 19, 2026). On a $10,000 balance that is about $347 more in a year.

Last verified October 14, 2026

We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.

Versus named competitors

As of October 14, 2026, Forbright Growth Savings posts 3.85% APY. The table below uses each competitor's own last-verified print, not a shared snapshot.

Forbright Growth Savings next to named competitors: headline APY and term, each with the date it was last verified
ProductHeadline APYTermVerified
Forbright Growth Savings3.85%variableOctober 14, 2026
EverBank Performance Savings4.20%variableOctober 27, 2026

APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.

Is it worth it?

$385 a year on a $10,000 balance

At 3.85% APY, $10,000 earns about $385 in the first year, versus roughly $38 at the 0.38% FDIC national average (October 19, 2026). That is about $347 more for moving the same money. APY is variable and shown as of the date above.

Forbright Growth Savings: summary of published terms

Forbright Growth Savings posts 3.85% APY as of October 14, 2026, with no fees and no minimum deposits. Interest compounds daily and the rate is variable. Deposits are held directly at Forbright Bank, FDIC-insured, up to $250,000 per depositor.

Highlights

  • 3.85% APY as of October 14, 2026, per Forbright's own page
  • No fees and no minimum deposits on the live page
  • Interest compounds daily
  • Direct FDIC insurance through Forbright Bank, up to $250,000 per depositor
  • No promotional rate and no balance floor on the page

Limitations

  • Savings account with no ATM access and no checking
  • Variable APY that may change at any time, before or after account opening
  • Account opening is online, not in person

Automated summary of the provider's published terms. Not a collection of user reviews.

Editorial policy

What is Forbright Growth Savings?

Sources read on the date shown
Forbright Growth Savings is a no-fee, no-minimum online savings account from Forbright Bank, with a single variable rate and no promotion. The honest verdict: plain terms at 3.85% APY, with a rate that can change at any time. Forbright's own Growth Savings page, accurate as of October 14, 2026, posts 3.85% APY, with no fees and no minimum deposits. Interest compounds daily and the account is available online. The page shows no promotional rate and no balance floor. Deposits are held directly at Forbright Bank, FDIC-insured, up to $250,000 per depositor. The bank also describes a climate-focused lending mission centered on decarbonization. The catches: Forbright offers savings without ATM access or checking, and the rate is variable, so it can move again; Forbright says it may change at any time, before or after you open the account.
Sourceforbrightbank.com ↗

Key details

3.85% APY as of October 14, 2026, per Forbright's own pageNo fees and no minimum depositsInterest compounded dailyClimate-focused lending mission (decarbonization)Variable rate, available online

Reviews

4.8/5

Across 2,320 verified user reviews on App Store

Best Forbright Growth Savings Alternatives

Top alternatives based on rates, fees, and eligibility.

EverBank Performance Savings logo
EverBank Performance Savings

4.20% APY on all balances for new accounts, with no monthly fee and no minimum deposit

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Forbright Growth Savings FAQ

What is the current APY on Forbright Growth Savings?

3.85% APY, accurate as of October 14, 2026, per Forbright's Growth Savings page. The rate is variable and may change at any time.

Is Forbright Growth Savings FDIC insured?

Yes. Deposits are held directly at Forbright Bank, FDIC-insured, up to $250,000 per depositor.

What are the minimums and fees?

Forbright's live page lists no fees and no minimum deposits, and it shows no balance floor.

Source: forbrightbank.com

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