Growth Savings
4.25% APY1

  • Earn more than 10x the National Average Savings Rate2
  • No Fees, No Minimum Deposits, No Hidden Charges
  • Interest Compounded Daily
Open an Account
Member FDIC Logo

1Annual Percentage Yield (APY) is accurate as of July 18, 2025. 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 6/16/2025 from the FDIC National Rates and Rate Caps for Savings deposit products.

U.S. News & World Report Recognizes Forbright Bank with Its Editor’s Choice Award: Saving Money While Doing Good

Learn More

Make Money and A Difference

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.

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.

Calculate Your Savings

See what Growth Savings can do for you.

Get Started with Your Details
1 year 15 years

Calculator for illustrative purposes only. Interest earned are estimates, and actual savings amount may vary. How did we determine this calculation?

How did we determine this calculation?

The savings calculator example assumes a 4.25% Annual Percentage Yield (APY). APY is accurate as of July 18, 2025. Growth Savings is a variable rate account, and interest rates and APYs may change at any time without notice. The first year shown reflects a full 12 months, regardless of when in the year you start contributing. Total savings and interest assume no withdrawals are made from the account during the calculation period, that deposits occur on the first and sixteenth of the month for the semi-monthly calculation and on the first of the month for the monthly calculation.

You Could Save $xxx Over 5 Years
Total Amount Deposited $170,000
Total Interest Earned $1,000
Total Savings $180,000

How It Works

Hands putting plantlings in soil

01.

Open an Account

Opening your Growth Savings account is simple. Applying takes only a few minutes.  

Man and woman smiling, looking at the screen of a mobile phone together

02.

Make A Deposit to Start Earning

Once approved, it’s easy to transfer money into your Growth Savings account via our secure third-party system. Start earning interest the day your transfer is received.

Man sitting and viewing a landscape in autumn colors, with snowy mountain in distance

03.

Keep the Goodness Growing

Sit back and watch your money grow with a bank that’s helping protect our national parks and committed to responsible banking practices across all of our offerings.

04.

Enjoy Friendly, Fast Support When Needed

You can easily find answers to most questions in our Help Center, but when you need to talk to a person, our top-rated Customer Care Advocates are knowledgeable, helpful, and readily available, Monday to Friday, 8 a.m. to 8 p.m. ET, except holidays.

Start Earning Today

Earn for your future with a bank supporting a brighter future for all.

Open an Account

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 finance millions in solar installations, green building upgrades, and accessible healthcare – all while helping you save more. To learn more, see our impact.

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.

Yes! 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.

 

Read More FAQs

Get the App for Quick, Anytime Access

hand holding smartphone with Forbright Bank on screen
  • Schedule transfers whenever you need.
  • See how much you’ve earned.
  • Access customer support.
App Store download Google Play download

Download Our Mobile App

App Store download Google Play download
hand holding smartphone with Forbright Bank on screen

Featured Reviews

View More Reviews
5 out of 5 stars

“Great interest rates. Easy to set up. Easy to use web and app interface. Environmentally conscious.”

– Adam B.

5 out of 5 stars

“Excellent customer service support”

– Stanley Y.

5 out of 5 stars

“It is so easy to bank with Forbright. Great rates on savings accounts and CDs.”

– Patricia S.

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.

Open an Account

Stories

View More

1 Annual Percentage Yield (APY) is accurate as of July 18, 2025. APY may change at any time before or after the account is opened. Available only online.