Forbright Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Forbright Bank suits savers in the US who want easy access to their money and no monthly charge. Its variable headline rate of 3.85% sits above the savings-account median of 3.08%, though it is well short of the strongest fixed-rate accounts. Protection runs through the FDIC, so the balance is not the gamble here.
Key facts
- Best for
- A fee-free US savings account that pays a variable rate and stays easy to reach.
- Headline rate
- 3.85%↗
- Rate type
- Variable↗
- Minimum deposit
- $0↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- 24/7 online and mobile app access with unlimited Growth Savings transfers↗
- Monthly fee
- $0↗
- Account kind
- Easy access↗
- Legal entity
- Forbright Bank↗
- Headquarters
- United States↗
- Founded
- 2003↗
- Support channels
- Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- forbrightbank.com
Facts checked September 26, 2026, 3 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Monthly fees of $0 and a minimum deposit of $0 keep running costs at nothing
- Headline rate of 3.85% beats the savings-account median of 3.08%
- Easy-access design, so the money stays reachable without a fixed term
- Online and mobile app access with unlimited transfers
Cons
- The rate is variable, so it can move rather than stay locked
- Support runs on phone and help centre, with no branch service listed
- Ranked 166 on headline rate out of 473 brands
Who it suits
- US residents building an emergency pot that must stay accessible
- People who want a variable rate without paying anything to hold the balance
- Savers comfortable managing the account entirely online or in the app
Who should look elsewhere
- Anyone wanting a fixed rate, since variable means the return can fall
- Readers who need face-to-face service, as support runs on phone and help centre
Safety of your money
Forbright Bank is an FDIC-regulated US bank, and the Growth Savings balance carries FDIC up to USD 250,000. Its licence details read FDIC cert 57614, so depositors sit inside an insured US banking structure rather than a payment institution balance. The bank is headquartered in the United States and has operated since 2003, giving some history behind the institution holding the money.
How Forbright Bank compares
9.1 vs 8.6
9.1 vs 9.5
9.1 vs 8.0
9.1 vs 8.9
9.1 vs 8.9
9.1 vs 9.1
9.1 vs 9.1
9.1 vs 8.9
9.1 vs 8.7- 9.1 vs 8.0
9.1 vs 9.0
9.1 vs 8.1
9.1 vs 8.7
9.1 vs 8.0
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.0
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.3
9.1 vs 9.0
Where Forbright Bank is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 57614), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does Forbright Bank pay on Growth Savings?+
The headline rate is 3.85% and the rate type is variable, which means the figure can move with the wider market rather than staying locked. Compare it with the savings-account median of 3.08% to see where it sits.
Is there a monthly fee or minimum deposit?+
The monthly fee is $0 and the minimum deposit is $0, so there is no charge for holding the account and no floor on the first payment. The account is set up on a no-monthly-fee model.
How is my money protected?+
Deposits carry FDIC up to USD 250,000 and the bank appears under licence FDIC cert 57614. That means the balance sits inside an insured US bank rather than as a payment institution balance.
Can I get at my savings when I need it?+
Yes. The account kind is easy access, and access runs through online banking and the mobile app with unlimited Growth Savings transfers. It is built for money you may want to reach without giving notice.
What support channels are available?+
Support runs on phone and help centre, so a phone line and a help centre cover questions. The account is run through online and app access rather than branch service.
Who is Forbright Bank likely to suit?+
It fits savers in the US who want a variable return, no monthly charge and no minimum deposit, while keeping cash reachable. It suits anyone whose priority is access and running costs over locking money away for a fixed term.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/57614 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“CERT=57614; NAME=Forbright Bank; WEBADDR=WWW.FORBRIGHTBANK.COM; ACTIVE=1”
- forbrightbank.com/personal-banking/growth-savings checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type, Support channels
“Access your account 24/7 online or through our mobile app to take advantage of unlimited Growth Savings transfers”
- linkedin.com/company/forbright-bank checked September 26, 2026
Backs: Founded
“Founded 2003”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.
Related by the facts
Forbright Bank
A fee-free US savings account that pays a variable rate and stays easy to reach.