Growth Savings 3.85% APY1
- Earn More Than 9x the National Average Savings Rate2
- No Fees and No Minimum Deposits
- Interest Compounded Daily
2 Based on the National Deposit Rate as of August 17, 2026 from the FDIC National Rates and Rate Caps for Savings deposit products.
A Better Way to Grow Your Money
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 08/05/2026 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.
Calculate Your Savings
See what Growth Savings can 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 |
How To Get Started
Start Earning Today
Earn for your future with a bank supporting a brighter future for all.
Forbright Bank is proud to offer a 100% digital, high-yield savings product featuring a competitive rate and superior online banking experience, while providing the security and benefits of being an FDIC-insured bank that’s committed to environmental stewardship. Growth Savings customers also have the flexibility to reach out to our customer service team online or by phone.
Yes! We have a proud history as a community bank serving the Washington D.C. area since 2003. As we have grown, offering digital-only products like Growth Savings has allowed us to expand our services nationwide, while continuing to support our longstanding local community with select locations in Maryland and Virginia.
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, click 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.
The Growth Savings team of agents is dedicated to your account. Our hours are Monday to Friday, from 8 a.m. – 8 p.m. ET, with the exception of holidays. You may call 800-550-0159 to speak to an agent directly or send a secure message via your online portal.
Get the App for Quick, Anytime Access3
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Schedule transfers whenever you need. -
See how much you’ve earned.
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Access customer support.
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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.
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Growth Savings Product Guide
Learn everything you need to know about our high-yield savings account.
1 Annual Percentage Yield (APY) is accurate as of . APY may change at any time before or after the account is opened. Available only online.
2 Based on the National Deposit Rate as of August 17, 2026 from the FDIC National Rates and Rate Caps for Savings deposit products.
3 Apple and the Apple logo are trademarks of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.