Forbright Growth Savings
Editor reviewed3.85% APY as of September 6, 2026, with no fees and no minimums
Rates verified September 7, 2026Open accountThe Bottom Line
Best for
A saver who wants a clean mid-3s 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%
Biggest pro
Clean 3.85% with no fee, no minimum, and no promo asterisk on the live page
Biggest con
No longer a rate leader; 3.85% sits below Pibank's confirmed 4.10%
At a glance
Rates verified September 7, 2026- APY
- 3.85%
- APY note
- 3.85% APY accurate as of September 6, 2026 per Forbright. The 4.15% promo and $1,000 floor are no longer on the live page.
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Direct, Member FDIC, $250k
- Institution
- Forbright Bank
- ATM access
- No
How this rate compares
the FDIC national savings average of 0.38% (August 17, 2026). On a $10,000 balance that is about $347 more in a year.
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 September 7, 2026, Forbright Growth Savings posts 3.85% APY. The table below uses each competitor's own last-verified print, not a shared snapshot.
| Product | Headline APY | Term | Verified |
|---|---|---|---|
| Forbright Growth Savings | 3.85% | variable | September 7, 2026 |
| EverBank Performance Savings | 3.9% | variable | September 11, 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 (August 17, 2026). That is about $347 more for moving the same money. APY is variable and shown as of the date above.
What Users Say About Forbright Growth Savings
Forbright Growth Savings posts 3.85% APY as of September 6, 2026, with no fees and no minimum deposits. The 4.15% promotional print from July is gone. Deposits are held directly at Forbright Bank, Member FDIC, insured to $250,000 per depositor. It is no longer a chart-topper: Pibank posts 4.10% with the same $0 / $0 structure.
Highlights
- 3.85% APY as of September 6, 2026, per Forbright's own page
- No fees and no minimum deposits on the live disclosure
- Interest compounds daily
- Direct FDIC insurance through Forbright Bank, up to $250,000 per depositor
- Fully liquid savings account with no lockup and no maturity date
Limitations
- No longer a rate leader; 3.85% sits below Pibank's confirmed 4.10%
- Savings-only account with no ATM access and no checking
- Variable APY that just lost a promo can move again
- Smaller bank with less brand recognition than the majors
- Requires a linked external account to move money in and out
Editorial synthesis from industry coverage, product docs, and early user reports
Editorial policyWhat is Forbright Growth Savings?
Pros and cons
Pros
- Clean 3.85% with no fee, no minimum, and no promo asterisk on the live page
- Conventional bank charter, not a fintech pass-through
- Daily compounding
Cons
- No longer a rate leader; 3.85% sits below Pibank's confirmed 4.10%
- Savings-only shop
- Smaller bank brand recognition
Ratings Across the Web
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Key details
Reviews
Across 2,320 verified user reviews on App Store
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Forbright Growth Savings FAQ
What is the current APY on Forbright Growth Savings?
Is Forbright Growth Savings FDIC insured?
What are the minimums and fees?
Source: forbrightbank.com