High-Yield Certificates of Deposit

You earn for your future. We save for a brighter future. 

Earn Up to 5.30% APY*

Why Choose Us

Easy Sign Up
Supports a More Sustainable Future
Competitive High Yield Rates
Earns Interest

Start Earning Today

Earn for your future, while supporting a greener, more sustainable one. 

  • Minimum to open is $1,000
  • Supports financing for sustainable businesses & clean energy projects
  • FDIC-insured up to the established limits

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Frequently Asked Questions

How do I open an account?

Thanks for your interest in opening an online CD with Forbright Bank! You may open a personal CD online by visiting open.forbrightbank.com or by visiting one of our branches in Maryland or Northern Virginia.  

For a full list of locations and hours, please visit https://www.forbrightbank.com/about-us/locations/. 

What do I need to open a Certificate of Deposit account?

To open an account, you will need:

  • A valid form of ID (Driver’s license, state ID, passport)
  • Your social security number
  • Current residential address
  • Your email address
  • Your routing number & account number of funding source account OR
  • Your online login credentials of the funding source account AND
  • Must be at least 18 years of age

What is the minimum balance requirement to open an online CD account?

The minimum balance requirement to open an online CD account is $1,000.

How are funds transferred into my online CD account?

Funds can be transferred from an active personal savings or checking account. The CD can only be funded from one source and not multiple banks. Once opened, no additional funds can be added to the CD, but you can open other CDs and fund from another funding source.

During account opening, you can fund your account from either one of two methods. Some banks can be accessed through Plaid, a secure third-party data transfer network, by inputting your online banking login credentials. The other option is to provide the routing number & account number of the funding source account. This transfer will take place upon account approval. Please ensure sufficient funds are available in the funding account prior to submitting your application. There is no fee to transfer funds.

How long will it take for my application to be reviewed?

It may take 1 to 2 business days for the Bank to review your completed application. We’ll send you an email to the email address you provide letting you know the status or if additional information is needed.

What are your penalties and fees?

For an account held to maturity, you will earn the full interest rate without any fees, including no fee for a deposit transfer, opening fee or maintenance fee.

The only potential penalty associated with our CDs occurs if you withdraw the deposit early, then a penalty equal to three (3) months interest will be charged to your account for CD terms less than 24 months.

For those longer (24-month term or more), then a penalty equal to six (6) months interest will be charged to your account.

Calculate Your Impact

See how your deposit can make a difference in carbon emissions

Your deposit of:



Customize amount

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Can translate to:


metric tons of carbon

equivalent emissions estimated to be avoided in the atmosphere annually.

Calculated based on Forbright’s estimated 99 annual metric tons of CO2 equivalents avoided per $1MM in financing. This estimate is based on inception-to-date renewable energy & energy efficiency projects financed by Forbright as of 12/31/22.

That’s like avoiding:


gallons of gasoline

Equivalent CO2 emissions from gallons of gasoline consumed calculated based the U.S. Environmental Protection Agency (“US EPA”) Greenhouse Gas Equivalencies Calculator.

At Forbright, we specifically calculate the estimated annual carbon emissions avoided by the renewable energy & energy efficiency projects we finance. Here are some of the types of energy efficiency projects we support across commercial and residential buildings:

  • Renewable Energy

    Renewable Energy
    Commercial Property-Assessed Clean Energy can finance solar PV, solar thermal, wind turbines, gray water recycling, EV charging stations and battery storage systems.

  • Lighting and Electricity

    Lighting and Electricity
    High-efficiency (LED) lighting and control systems, SMART project pathway lighting, wireless lighting controls

  • Water Efficiency

    Water Efficiency
    Indoor and outdoor water efficiency, including high-efficiency sprinkler systems, irrigation systems, low-flow fixtures, on-demand hot water appliances

  • HVAC

    High-efficiency boilers/chillers, mini-split cooling systems, tankless water heaters

  • Building Envelope

    Building Envelope
    Roof installation, building automation and zoning control systems, air sealing and weather stripping, window film and door replacement

  • Resiliency

    Rain catchment systems, storm water management, seismic upgrades and wind-resistance measures

Saving for Good. Saving for Change.

Our high-yield Certificates of Deposit accounts give you the opportunity to support a greener, more sustainable future, while investing in your own.

*Annual Percentage Yield (APY) is accurate as of January 25, 2024. 5.30% APY is based on 9-month term. Fees may reduce earnings. Limited time offer and subject to change at any time without notice. Minimum balance of $1,000 is required to earn the APY. The APY on all certificates assumes that principal and interest will remain on deposit until maturity. A penalty may be imposed for early withdrawal. 

1FDIC insured up to the FDIC established limits. Visit FDIC.gov for more information.