Use this easy-to-follow guide to learn about Forbright Bank’s online high-yield savings account, Growth Savings. The information in this guide is accurate as of 4/20/2026.
Financial Highlights of Growth Savings
| Feature | Growth Savings Facts |
| Current APY | 3.85%1 |
| Competitive Rate | More than 9x the National Average Savings Rate2 |
| Monthly Fees | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Balance Requirement | $0 |
| Interest Compounding | Compounded Daily, Paid Monthly |
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 4/20/2026 from the FDIC National Rates and Rate Caps for Savings deposit products.
No Fees
Forbright Bank is committed to helping customers meet their financial goals. With Growth Savings, we never charge the account fees that other banks may charge.
| Monthly Maintenance Fee | $0 | We do not charge a single maintenance fee for Growth Savings. |
| Standard or Expedited ACH Transfers | $0 | We do not charge anything for transferring money to or from your accounts at another institution. |
| Unlimited Transfers | $0 | We do not charge anything for excessive transfers. |
Deposits and Transfers
Like most bank accounts, when Growth Savings customers make transfers from external accounts, the money is not immediately available for use. The delay in funds availability helps us protect your account and ensures a secure transfer. You’ll start earning interest on the transfer the same day funds are received.
| Transfers Between Existing Forbright Bank Digital Accounts | Available immediately |
| Transfers Initiated from Another Bank | Depending on the institution, transfers occurring from one institution to another generally take one to three business days. Additional built-in security checks to ensure the safety of your money may occasionally result in transfers taking up to five business days, and they may require verification from the account holder. |
| Transfers Initiated from Forbright Bank | Transfers initiated at Forbright Bank to another financial institution typically take one to three business days. If a transfer is in process with your other financial institution for longer, you may need to contact them for more information about their process. |
Additional Growth Savings Benefits
- Top-Rated Banking Mobile App: Forbright Bank offers a modern digital banking experience with advanced security, and our mobile app has earned top ratings. You can easily manage all of your digital banking products like your high-yield savings account and Certificate of Deposit (CD) account in a single place.
- National Park Foundation Partner: Through Forbright Bank’s partnership with the National Park Foundation, we support efforts to protect and preserve America’s most treasured landscapes.
- Fee-Free Account: With Growth Savings, there is no minimum deposit required, no entry fee to set up your account, and no maintenance fee to keep your money growing in the account.
- Award-Winning Platform: Recognized by US News, Money, Bankrate, and The Motley Fool for competitive rates and digital excellence.
- Green Business Certified: Forbright Bank is an institution that maintains a carbon-neutral operational footprint and is Green Business Certified.
- FDIC Insured: All customer deposits are FDIC-insured up to the maximum allowable limits (currently $250,000 per depositor).
Start Saving for Your Goals Now
Supercharge your savings with a high-yield savings account.
Customer Feedback
With a 4.5+ star rating, here is what our customers love about their Growth Savings account:
Digital-First Convenience
Forbright Bank has removed the friction of traditional banking to give you a seamless mobile experience with cutting-edge technology and advanced security.
- 100% Online Experience: Open a Growth Savings account in less than five minutes and manage your funds 24/7 via the highly-rated mobile app.
- Unlimited Transfers: Move money between your Growth Savings and external linked accounts as often as you need with no transfer fees from Forbright Bank.
- Security First: Advanced encryption and secure cloud-based storage keep your data protected.
- Human Support: Access the dedicated team of U.S.-based agents Monday through Friday, 8 a.m. – 8 p.m. ET.
Environment-First Commitment
- Eco-Friendly Defaults: All accounts are automatically enrolled in paperless e-statements to reduce waste.
- Impactful Financing: We’ve financed billions towards projects like renewable energy, accessible healthcare, and affordable housing – and our financing grows every day.
Facts to Know About Opening an Account
- Funding: Growth Savings is a digital-only product. Initial funding and subsequent deposits and transfers are handled via secure ACH transfers from a linked external bank account.
- Account Activity: To keep your Growth Savings account active, you must make your first deposit within 30 days of opening. Any account with a $0 balance for more than 60 days may be closed to maintain the security of the account.
Open an Account
Supercharge your savings with a high-yield savings account.
Have Questions? Reach Out to Our Customer Care Team
| Customer Care Phone Number | 1(800) 550-0159 Monday to Friday, 8 a.m.-8 p.m. ET (With the exception of holidays) |
| Secure Message (Online Banking/Mobile App) | Log into your account, go to Messages, and click on the pen icon to write your message |
| Help Center | Visit our Help Center for answers to common questions: https://www.forbrightbank.com/help |
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