Business Savings
Forbright offers traditional savings accounts as well as Certificates of Deposit to meet your business needs.
Savings and Certificate of Deposit accounts that offer strong returns and flexibility to help your business grow.
Business Savings Options
| Commercial Statement Savings | Commercial Tiered Savings | |
|---|---|---|
| Earns Interest 1 |  | |
| Monthly Maintenance Fee 2 | $5 | $10 |
| Minimum Balance Requirement to Waive Monthly Maintenance Fee 3 | $500 | $500 |
| Statement Cycle | Quarterly | Quarterly |
| Seven “Anywhere” ATM Withdrawals Per Month 4 | | |
| Online Banking | | |
| E-Statements Available | | |
| Cash Management Services Available 5 | | |
| Mobile Banking with Mobile Deposit | | |
1 Interest is calculated daily and credited quarterly.
2 Refer to Schedule of Fees for other charges that may apply.
3 Calculated based on daily balance method.
4 “Anywhere” ATM withdrawals are defined as withdrawals at Non-Forbright Bank ATMs. Non-Forbright Bank ATM Surcharges are rebated to customer account within one business day.
5 Cash management services are not required to open or maintain an account. Fees for additional services may apply. Contact TreasuryManagement@ForbrightBank.com for more information.
Certificate of Deposit Rates
Accurate as of December 1, 2023
| Interest Rate | APY* | Minimum Opening Balance | |
|---|---|---|---|
| 3-5 Month | 3.930% | 4.00% | $1,000 |
| 6-8 Month | 4.320% | 4.40% | $1,000 |
| 9 Month | 5.602% | 5.75% | $1,000 |
| 10-11 Month | 3.930% | 4.00% | $1,000 |
| 12 Month | 5.510% | 5.65% | $1,000 |
| 13-17 Month | 2.959% | 3.00% | $1,000 |
| 18-23 Month | 2.957% | 3.00% | $1,000 |
| 24-29 Month | 2.957% | 3.00% | $1,000 |
| 30-35 Month | 2.957% | 3.00% | $1,000 |
| 36-47 Month | 2.957% | 3.00% | $1,000 |
| 48-59 Month | 2.957% | 3.00% | $1,000 |
| 60 Month | 2.957% | 3.00% | $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, NOW, 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.
Switching is Easy
Transfer your bank account to Forbright in a few simple steps.
Products
Business Checking & Money Market
Reliable, convenient checking accounts made to make your business go farther.
Services
Order Checks
Order checks from your personal banking accounts through our approved vendor and have them securely delivered to your home address.
Support
Frequently Asked Questions
Learn more about wire cutoff times, bank routing numbers, and reporting a lost or stolen card.