Forbright Growth Savings
Editor reviewed4.15% APY, the current mainstream rate leader, with a $1,000 minimum balance
Rates verified July 23, 2026Open accountTracked since2026
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The Bottom Line
APY
4.15%
Biggest pro
Highest widely available uncapped rate from a conventional bank
Biggest con
Promotional label means it can drop to 3.85% anytime
At a glance
Rates verified July 23, 2026- APY
- 4.15%
- APY note
- Promotional rate with $1,000 minimum balance; 3.85% standard below. The promotional label means it can drop anytime.
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Direct, Member FDIC, $250k
- Institution
- Forbright Bank
- ATM access
- No
Is it worth it?
$415 a year on a $10,000 balance
At 4.15% APY, $10,000 earns about $415 in the first year, versus roughly $38 at the 0.38% FDIC national average. That is about $377 more for moving the same money. APY is variable and shown as of the date above.
What is Forbright Growth Savings?
Forbright Growth Savings is the current mainstream APY leader: the highest widely available uncapped rate from a conventional bank, with only a low $1,000 hurdle. The honest verdict: the best headline rate you can actually get right now, with the caveat that it is labeled promotional.
The account pays a promotional 4.15% APY with a $1,000 minimum balance as of July 17, 2026 (NerdWallet ranks it the #1 rate); below $1,000 the standard rate is 3.85%. There is no minimum deposit to open and no monthly fee, and interest compounds daily. Deposits are held directly at Forbright Bank, Member FDIC, insured to $250,000 per depositor. The bank runs a climate-focused lending mission centered on decarbonization.
The catches: the promotional label means the rate can drop to 3.85% at any time, Forbright is a savings-only shop with no ATM or checking, and the brand has less recognition than the majors.
Pros & Cons
Pros
- Highest widely available uncapped rate from a conventional bank
- Low $1k hurdle
- Daily compounding
Cons
- Promotional label means it can drop to 3.85% anytime
- Savings-only shop
- Smaller bank brand recognition
Key details
4.15% APY promotional rate with $1,000 minimum balance3.85% standard rate below $1,000Daily compoundingNerdWallet's current top-rate pickClimate-focused lending mission (decarbonization)No monthly fee
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Forbright Growth Savings FAQ
What is the current APY on Forbright Growth Savings?
A promotional 4.15% APY with a $1,000 minimum balance as of July 17, 2026, per NerdWallet, which ranks it the #1 rate. Below $1,000 the standard rate is 3.85%.
Is Forbright Growth Savings FDIC insured?
Yes. Deposits are held directly at Forbright Bank, Member FDIC, insured up to $250,000 per depositor.
What are the minimums and fees?
There is no minimum deposit to open and no monthly fee. A $1,000 minimum balance is required for the 4.15% rate; below that, the account earns 3.85%.
Source: forbrightbank.com