Checking and Money Market
A checking account that works for you, on your terms.
From Personal Checking to Money Markets, we provide options that help you reach your financial goals.
Bright Checking
Added value, aligned with your values.
Support a greener, more sustainable future while earning interest towards your financial goals. Enjoy features like refunds on non-Forbright ATM fees and easy-to-use mobile deposits. Make your money work harder for you, and the planet.
Platinum Money Market
Easy on you, and the environment.
Ideal for those that have a relationship with Forbright Bank that spans more than one account. To be eligible for this offering, you must maintain an average year-to-date relationship balance including deposit accounts and/or outstanding loan balance of $250,000 or greater.
01. Bright Checking
02. Platinum Money Market
Benefits
Checking & Money Market Account Options
| Bright Checking | Platinum Money Market5 | |
|---|---|---|
| Unlimited ATM Fee Refunds for withdrawals from Non-Forbright ATMs2 |  | |
| Mobile Banking & Mobile Deposit3 | | |
| Forbright Bank Debit Card4 | | |
| Free E-Statements & Bill Pay with Online Banking | | |
| Minimum Balance to Open | $25 | $2,500 |
| Minimum Balance to Obtain APY1 | $2,500 | $2,500 |
| Monthly Maintenance Fee | $0 | $106 |
| Minimum Balance Requirement to Waive Monthly Maintenance Fee | $0 | $2,5007 |
Checking and Money Market Rates
Accurate as of December 1, 2023
| Interest Rate | APY* | Minimum Opening Balance | |
|---|---|---|---|
| Bright Checking $0-$2,499 $2,500-$9,999 $10,000-$49,999 $50,000-$99,999 $100,000-$249,999 $250,000+ | 0.000% 3.450% 3.450% 3.450% 3.450% 4.176% | 0.00% 3.50% 3.50% 3.50% 3.50% 4.25% | $25 |
| Root Checking | 0.000% | 0.000% | $25 |
| Platinum Money Market5 | 4.176% | 4.25% | $2,500 |
*Annual Percentage Yield
Rates and APYs are subject to change at any time. Fees assessed to account may reduce the earnings. The disclosed rates on variable accounts (i.e. Checking, Savings, and Money Market) may change after account opening.
Refer to Schedule of Fees for other charges that may apply.
1 Interest is calculated daily and credited monthly.
2 Refunds made within 1 business day.
3 Fees from your mobile or data carrier may apply.
4 International transaction fees may apply.
5 Relationship balance of $250,000 is required to be eligible for this account.
6 A balance requirement service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
7 Calculated based on daily balance method.
Bank Your Way with Forbright
Open a Checking or Money Market account by visiting a Forbright Branch today.
Additional Products
Certificates of Deposit
Easy Signup. High-Yield. FDIC Insured.
Credit Cards
Whether you want to pay down balances faster, maximize your cash back or earn rewards, Forbright has the card for you.
Savings
Our Savings Accounts provide high-yield and the flexibility to support a greener, more sustainable future.
Want to make the switch? It’s simple.
We understand that switching bank accounts can be difficult, but we’re here to make it easy for you.
Transfer your bank account to Forbright in a few simple steps.
