Forbright Bank

Overview / Commentary
4445 Willard Ave, Suite 1000
Chevy Chase, MD 20815

Forbright Bank is headquartered in Potomac and is the 3rd largest bank in the state of Maryland. It is also the 222nd largest bank in the nation. It was established in 2003 and as of June of 2022, it had grown to 360 employees at 6 locations. Forbright Bank's money market rates are 8X the national average, and it has an A health rating.

Related Posts

Forbright Bank's 12-17 Month CD Is A Rate-Leader - 3/11/2023

Forbright Bank's 12-17 month CD currently earns 5.25% APY – the highest rate available on nationally available 1-year CDs. $1k minimum deposit. Rate as of 3/11/2023.

Deleted after noticing already posted - 3/10/2023

Noticed already posted 

Forbright Bank - 12-Month CD @ 5.25% - 3/9/2023

12-Month CD @ 5.25% minimum $1k to open, not available to IRAs FAQ:

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Reviews (1)

5.25 % Only Applies To 12 Month CD

Posted by: |

I called the bank this morning and was told their 5.25 percent certificate is only available for 12 month CDs. DepositAccts shows a 12-17 month option for that rate, but not according to the bank. Please keep that in mind.


Health Grade Components

FDIC Certificate #57614
Year Established2003
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD11.86%
Annual Interest Income$135.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$6.44B$2.46B
LoansQ2 2022vs Q2 2021$4.53B$1.93B
DepositsQ2 2022vs Q2 2021$5.66B$1.73B
Equity CapitalQ2 2022vs Q2 2021$637.1MM$451.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$37.9MM$17.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$46.1MM$38.1MM
Real Estate OwnedQ2 2022vs Q2 2021$279.00K$0
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Always verify rates and promotions with the bank or credit union. We are not Forbright Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Forbright Bank Savings Account Rates

4.00%*$250k*-Tiered Rate Personal Savings
OTHER TIERS: 3.50% Up to $250k
4.00%*-$10kKids Club Savings
OTHER TIERS: 0.80% $10k+
4.00%*$250k*-Commercial Tiered Rate Savings
OTHER TIERS: 3.50% Up to $250k
2.50%--Statement Savings
2.50%--Commercial Statement Savings
0.30%--IRA Savings

Forbright Bank Money Market Rates

4.00%--Platinum Money Market
4.00%--Commercial Platinum Money Market
3.85%--Personal ICS Money Market
3.85%--Commercial ICS Money Market
3.50%$2.5k-Personal Money Market
3.50%$2.5k-Commercial Money Market

Forbright Bank Checking Account Rates

0.10%$1.5k-Personal NOW
0.10%$1.5k-Commercial NOW

Forbright Bank CD Rates

5.25%$1k-12-17 Month CD
5.25%$1k-Business 12-17 Month CD
4.40%$1k-9-11 Month CD
4.40%$1k-18-23 Month CD
4.40%$1k-24-29 Month CD
4.40%$1k-30-35 Month CD
4.40%$1k-36-47 Month CD
4.40%$1k-48-59 Month CD
4.40%$1k-60 Month CD
4.40%$1k-Business 9-11 Month CD
4.40%$1k-Business 18-23 Month CD
4.40%$1k-Business 24-29 Month CD
4.40%$1k-Business 30-35 Month CD
4.40%$1k-Business 36-47 Month CD
4.40%$1k-Business 48-59 Month CD
4.40%$1k-Business 60 Month CD
2.00%$1k-3-5 Month CD
2.00%$1k-6-8 Month CD
2.00%$1k-Business 3-5 Month CD
2.00%$1k-Business 6-8 Month CD

Forbright Bank IRA Rates

3.85%$1k-24-29 Month IRA
3.85%$1k-30-35 Month IRA
3.75%$1k-12-17 Month IRA
3.75%$1k-18-23 Month IRA
3.55%$1k-60 Month IRA
3.45%$1k-36-47 Month IRA
3.45%$1k-48-59 Month IRA
2.00%$1k-3-5 Month IRA
2.00%$1k-6-8 Month IRA
2.00%$1k-9-11 Month IRA

Forbright Bank Locations
Herndon Branch150 Elden Street Suite 170Herndon, VA 20170
Congressional Bank7963 Tuckerman LnPotomac, MD 20854
Montgomery Lane Branch4801-A Montgomery LaneBethesda, MD 20814
American Bank Branch1700 Rockville PikeRockville, MD 20852

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