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 SavingsCommercial Tiered Savings
Earns Interest 1
Monthly Maintenance Fee 2$5$10
Minimum Balance Requirement to Waive Monthly Maintenance Fee 3$500$500
Statement CycleQuarterlyQuarterly
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 March 7, 2024
Interest RateAPY*Minimum Opening DepositMinimum Balance to Obtain APY
3-5 Month3.92%4.00%$1,000$1,000
6-8 Month4.31%4.40%$1,000$1,000
9 Month5.16%5.30%$1,000$1,000
10-11 Month3.92%4.00%$1,000$1,000
12 Month4.97%5.10%$1,000$1,000
13-17 Month2.96%3.00%$1,000$1,000
18-23 Month2.96%3.00%$1,000$1,000
24-29 Month2.96%3.00%$1,000$1,000
30-35 Month2.96%3.00%$1,000$1,000
36-47 Month2.96%3.00%$1,000$1,000
48-59 Month2.96%3.00%$1,000$1,000
60 Month2.96%3.00%$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, 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.