Does Forbright Bank charge fees for opening, maintaining, or closing Growth CD?

Forbright Bank does not charge fees for opening or maintaining Growth CD. There is no opening fee, no maintenance fee, and no fee for making a deposit transfer.

There is a penalty for closing your CD before it matures. If your Growth CD term is 9 or 12 months, this penalty is equal to 90 days of interest. If your CD is 24, 36, or 60 months, the penalty is equal to 180 days of interest.

If you have questions, our Growth CD team is available to help you over the phone or via email or secure message.