Forbright Bank


Overview / Commentary
301-299-8810
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 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:


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

Health Grade Components

Overall
FDIC Certificate #57614
Year Established2003
Employees360
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
Rates
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%--IOLTA
0.10%$1.5k-Personal NOW
0.10%$1.5k-Commercial NOW
0.10%--MAHT

Forbright Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.