Business Savings
Forbright offers traditional Savings and Money Market accounts as well as Certificates of Deposit to meet your business needs.
Savings, Money Market, and Certificate of Deposit accounts that offer strong returns and flexibility to help your business grow.
Business Money Market & Savings Options
| Platinum Business Money Market | Bright Business Savings | |
|---|---|---|
| Earns Interest 1 |  | |
| Monthly Maintenance Fee 2 | $10 | $0 |
| Minimum Balance Requirement to Waive Monthly Maintenance Fee 3 | $2,500 | $0 |
| Statement Cycle | Monthly | Monthly |
| Transaction Limitations4 | Six (6) withdrawals and transfers per statement cycle | Six (6) withdrawals and transfers per statement cycle |
| Check Access5 | | — |
| Incoming Domestic Wires | | |
| Online Banking | | |
| E-Statements Available | | |
| Treasury Management Services Available6 | | |
| Mobile Banking with Mobile Deposit | | |
| Required Relationship Balance to be Eligible for Account7 | $250,000 | N/A |
1 Interest is calculated daily and credited monthly.
2 Refer to Schedule of Fees for other charges that may apply.
3 Calculated based on daily balance method.
4 Transaction limitations: You may make up to six transfers or withdrawals by means of a preauthorized, automatic, or telephonic transfer to another account of yours or to a third party or by check, debit card, or similar order to a third party during any calendar month (or statement cycle of at least four weeks). A preauthorized transfer includes any arrangement with us to pay a third party from your account at (i) a predetermined time; (ii) on a fixed schedule or (iii) upon oral or written orders including orders received through the automated clearing house (ACH). If the transfer or withdrawal is initiated in person, by mail, or at an ATM then there is no limit on the number of payments that may be made directly to you, directly to us for amounts you owe us, or transfers to other accounts you have with us. Withdrawals by phone are also unlimited if you are requesting that a check be mailed to you.
5 First order of Forbright Bank money market checks is free.
6 Treasury Management services are not required to open or maintain an account. Fees for additional services may apply. Contact TreasuryManagement@ForbrightBank.com for more information.
7 A minimum relationship balance* of $250,000 must be maintained with Forbright Bank to qualify for this offering. The term “Relationship Balance” refers to total combined average balance maintained in all Forbright Bank deposit accounts. If the total relationship balance falls below $250,000 the account may be converted into a Bright Business Savings Account.
Business Money Market & Savings Rates
Accurate as of
| Interest Rate | APY* | Minimum Opening Deposit | Minimum Balance to Obtain APY | |
|---|---|---|---|---|
| Platinum Business Money Market1 | 3.83% | 3.90% | $2,500 | $2,500 |
| Bright Business Savings $0 – $9,999 $10,000 – $99,999 $100,000 – $249,999 $250,000+ | 3.11% 3.11% 3.11% 3.83% | 3.15% 3.15% 3.15% 3.90% | $250 | $0.01 |
1A minimum relationship balance* of $250,000 must be maintained with Forbright Bank to qualify for this offering. If the total relationship balance falls below $250,000, the account may be converted into a Bright Business Savings Account.
Branch Certificate of Deposit Rates
Accurate as of
| Interest Rate | APY* | Minimum Opening Deposit | Minimum Balance to Obtain APY | |
|---|---|---|---|---|
| 3-5 Month | 3.68% | 3.75% | $1,000 | $1,000 |
| 6-8 Month | 3.83% | 3.90% | $1,000 | $1,000 |
| 9 Month | 3.92% | 4.00% | $1,000 | $1,000 |
| 10-11 Month | 3.92% | 4.00% | $1,000 | $1,000 |
| 12 Month | 3.92% | 4.00% | $1,000 | $1,000 |
| 13-17 Month | 3.44% | 3.50% | $1,000 | $1,000 |
| 18-23 Month | 3.44% | 3.50% | $1,000 | $1,000 |
| 24-29 Month | 3.44% | 3.50% | $1,000 | $1,000 |
| 30-35 Month | 3.20% | 3.25% | $1,000 | $1,000 |
| 36-47 Month | 3.20% | 3.25% | $1,000 | $1,000 |
| 48-59 Month | 3.20% | 3.25% | $1,000 | $1,000 |
| 60 Month | 3.20% | 3.25% | $1,000 | $1,000 |
*Annual Percentage Yield
Rates and APYs are subject to change at any time. Fees assessed to account may reduce the earnings. The disclosed rates on variable accounts (i.e. Checking, Savings, and Money Market) may change after account opening. Early withdrawal penalties may apply to all Certificates of Deposit. Intrafi Network Deposits CDARS® (Certificate of Deposit Account Registry Service) is available at the same rates as Certificate of Deposit rates above. CDARS and IntraFi are subject to additional terms and conditions.
Register for E-Banking
Business customers can access existing Forbright accounts online through our e-banking portal.
Business Checking
Reliable, convenient checking accounts made to make your business go farther.
Business Credit Cards
Forbright Bank business credit cards options offer you the flexibility to operate your business smoothly and efficiently.