Start Earning More with 4.00% APY1
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 9/15/2025 from the FDIC National Rates and Rate Caps for Savings deposit products.
Why Choose Growth Savings?
Earn Even More
with high APY
No Minimum Balance
Start earning as soon as your deposit is received
$0 Fees
Skip monthly, maintenance, and transfer fees, so you keep everything you earn
FDIC-Insured
Your deposits are FDIC-insured up to at least $250,000 per depositor, per ownership category
Advanced Security You Can Trust
Protect your information with two-factor authentication, strong encryption technology, and fraud detection
Environmentally Friendly Banking
At Forbright Bank, we’re proud to help protect America’s national parks
Open An Account and Start Earning
You begin earning interest as soon as your initial savings deposit is received. No minimum required to open your account.
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 9/08/2025 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.
U.S. News & World Report Recognizes Forbright Bank with Its Editor’s Choice Award: Saving Money While Doing Good
Growth Savings lets you skip the hassle and get more benefits. Forbright Bank is proud to offer a high-yield savings product featuring a competitive rate and superior online banking experience, while also providing the security and benefits of being a FDIC-insured bank that finances responsible projects.
You can open a Growth Savings account in minutes. Simply provide basic account information, fund your account, and start earning as soon as your deposit is received.
Yes. Forbright Bank has a reputation for financial strength and responsibility, ensuring your deposits in Growth Savings are protected by FDIC insurance up to the maximum amount allowed — $250,000 per depositor for each ownership category. We also protect your information with industry-leading encryption technology and advanced fraud detection.
You can access your account 24/7 online or through our mobile app. We offer an unlimited number of transfers and charge no fees, ensuring you have easy access to your money from anywhere and at any time.
Yes. The Forbright Bank mobile app is available on the App Store and Google Play. Download our app to schedule transfers whenever you need, see how much you’ve earned, and access account support.
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.
Follow these three steps to open an account
- Complete your application – All we need are the necessary details to open your account.
- Once approved, we’ll send you an email – This is to confirm your online account is open.
- Make your first transfer – Start earning as soon as your deposit is received.
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.”
Enjoy Fee-Free Savings
Unlike other banks, we won’t charge you a fee on your Growth Savings account. Without fees, your hard-earned savings keep on growing.