Forbright Bank

Overview / Commentary

www.forbrightbank.com

301-299-8810

4445 Willard Ave, Suite 1000
Chevy Chase, MD 20815

Forbright Bank is headquartered in Potomac and is the 3^rd largest bank in the state of Maryland. It is also the 222^nd 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.

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 https://www.forbrightbank.com/consumer-online-cds/ FAQ: https://www.forbrightbank.com/products-and-services/consumer-banking/forbright-community/personal-banking/online-cd-faq/

View all posts from:

2023
2018

3/11 - Forbright Bank's 12-17 Month CD Is A Rate-Leader
3/10 - Deleted after noticing already posted
3/9 - Forbright Bank - 12-Month CD @ 5.25%

7/7 - Congressional Bank Ups Nationally Available 12-Month CD
5/25 - Congressional Bank Has Nationally Available 60-Month CD

Reviews (1)

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5.25 % Only Applies To 12 Month CD

Posted by: themoose | Mar 14, 2023

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

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57614
Year Established	2003
Employees	360
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.33%
Return on Equity - YTD	11.86%
Annual Interest Income	$135.0MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$6.44B$2.46B
Loans	Q2 2022vs Q2 2021	$4.53B$1.93B
Deposits	Q2 2022vs Q2 2021	$5.66B$1.73B
Equity Capital	Q2 2022vs Q2 2021	$637.1MM$451.3MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$37.9MM$17.3MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$46.1MM$38.1MM
Real Estate Owned	Q2 2022vs Q2 2021	$279.00K$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
4.00%^*	$250k^*	-	Tiered Rate Personal Savings
OTHER TIERS: 3.50% → Up to $250k
4.00%^*	-	$10k	Kids 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
4.00%	-	-	IOLTA
0.10%	$1.5k	-	Personal NOW
0.10%	$1.5k	-	Commercial NOW
0.10%	-	-	MAHT

Forbright Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Forbright Bank Locations
Herndon Branch	150 Elden Street Suite 170	Herndon, VA 20170
Congressional Bank	7963 Tuckerman Ln	Potomac, MD 20854
Montgomery Lane Branch	4801-A Montgomery Lane	Bethesda, MD 20814
American Bank Branch	1700 Rockville Pike	Rockville, MD 20852

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