Growth Savings
4.25% APY1
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Earn more than 10x the National Average Savings Rate2 -
No Fees and No Minimum Deposits
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Interest Compounded Daily
1Annual Percentage Yield (APY) is accurate as of . APY may change at any time before or after the account is opened. Available only online.
2Based on the National Deposit Rate as of 7/21/2025 from the FDIC National Rates and Rate Caps for Savings deposit products.
A Better Way to Grow Your Money
Breathe easier knowing your bank is a proud partner of the National Park Foundation and finances millions in solar installations, green building upgrades, and accessible healthcare – all while helping you save more.
U.S. News & World Report Recognizes Forbright Bank with Its Editor’s Choice Award: Saving Money While Doing Good
Save for a Brighter Future
Growth Savings is designed to do more. Every cent you save earns interest and helps support a brighter future.
Calculate Your Savings
See what Growth Savings could do for you.
Get Started with Your Details
Calculator for illustrative purposes only. Interest earned are estimates and actual savings amount may vary. How did we determine this calculation?
You Could Save $xxx Over 5 Years
| Total Amount Deposited | $170,000 |
|---|---|
| Total Interest Earned | $1,000 |
| Total Savings | $180,000 |
See How We Compare
| Forbright Bank Growth Savings | Ally Savings Account | Chase Chase Savings | Bank of America Advantage Savings | |
|---|---|---|---|---|
| Monthly Maintenance Fees | $0 | $0 | $5 | $8 |
| Minimum Opening Deposit | $0 | $0 | $0 | $100 |
| FDIC-Insured |  | | | |
| Official Partner of the National Park Foundation | | — | — | — |
Information is from Ally Bank, JPMorgan Chase Bank, N.A., and Bank of America, N.A. Websites as of 4/21/2025 and assumes conditions to avoid monthly maintenance fees if applicable have not been met. Refer to their terms and conditions for details. Chase SavingsSM is a service mark of JPMorgan Chase Bank, N.A.
Start Earning, Today
You begin earning interest as soon as your deposit is received. There’s no minimum deposit required.
Forbright Bank is proud to offer a high-yield savings product featuring a competitive rate and superior online banking experience, while providing the security and benefits of being a FDIC-insured bank that finances responsible projects. Growth Savings customers are able to easily reach our customer service team online or by phone.
Our balanced, diversified lending approach helps reduce credit risk and presents enhanced lending opportunities. And our business strategy means Growth Savings is available as a first-class digital experience rather than a physical bank branch product, helping us lower overhead expenses and omit fees for Growth Savings customers. In the end, it’s an approach that is good for our customers, employees, and the planet.
Great question! Forbright Bank is a proud partner of the National Park Foundation, where we help fund their mission and programs to expand protection of America’s park lands and connect more people to the country’s more than 400 national parks. In addition, we’re carbon neutral in our operations and we are proud to support organizations like The Nature Conservancy and American Red Cross. To learn more, see our impact.
Yes! Forbright Bank does not charge fees for Growth Savings.We believe that your money should be yours to use and how you wish – without worrying about fees or hidden charges chipping away at your savings. To see how a no-fees account like Growth Savings can supercharge your savings, visit here.
Growth Savings is 100% digital, which means you can transfer money whenever you want at no charge to you. Access your account 24/7 online or through our mobile app to take advantage of unlimited Growth Savings transfers.
Open an Account in Minutes
Open a Growth Savings account with as little or as much as you want. No minimum deposit is required.
Featured Reviews
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“Great interest rates. Easy to set up. Easy to use web and app interface. Environmentally conscious.”
“Excellent customer service support”
“It is so easy to bank with Forbright. Great rates on savings accounts and CDs.”
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