Yahoo Finance | Forbright Bank review (2026): Environmentally friendly banking that pays competitive interest on savings

Forbright Bank review (2026): Environmentally friendly banking that pays competitive interest on savings
Formerly known as Congressional Bank, Forbright Bank operates with the mission to drive decarbonization and support the energy transition. Forbright Bank specializes in offering banking services, lending solutions, and financing for renewable energy projects, energy efficiency, and sustainability-driven businesses. It currently operates a handful of physical branches and service hubs across Maryland and Virginia, but also offers high-yield online bank accounts that can be opened from anywhere in the U.S.
Forbright’s Growth Savings account is currently offering 3.85% APY — well above the national average. There are no monthly fees or minimum deposit requirements. Interest is compounded daily and credited monthly. Forbright offers CDs with terms ranging from nine months to five years, and rates ranging from 3.25% APY to 3.75% APY. A minimum opening deposit of $1,000 is required. If you withdraw funds before the maturity date, the early withdrawal penalty is equal to three months’ interest for CD terms of less than 24 months and six months' interest for longer terms.
Forbright Bank offers three business checking accounts and a money market account, as well as a commercial checking account. Many of these accounts are interest-bearing with competitive rates. Business customers can take advantage of Forbright’s business savings accounts and CDs, which both offer competitive rates. Forbright offers a range of card options, including low-rate, cash back, and rewards business credit cards. These cards come with added perks such as free online expense reporting tools, mobile payment capabilities, free additional cards for employees, and more. Business customers will also have access to Forbright’s Treasury management services, which help to improve cash flow, manage and monitor transactions, allow for more efficient payment processing, streamline the check deposit process, and more. In addition to its personal and business banking products, Forbright offers commercial lending products and services, including real estate loans, financing for healthcare facilities, corporate financing, and more.

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