Find the latest Forbright Bank CD Rates, Offers, and Promotions here.
Best CD Rates: 4.25% APY 9-Month, 4.00% APY 12-Month ($1,000 min, No max listed)
Availability: Nationwide through online application.
Credit Inquiry: Soft Pull
Update 10/30/24: Rates have overall decreased.
About Forbright Bank
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 has an A health rating.
For funding, I recommend to use Plaid or ACH. Forbright Bank will allow sole ownership, joint owners, and revocable trust.
| Term | APY Rate | Minimum Deposit |
| 9-Month CD | 4.25% | $1,000 |
| 12-Month CD | 4.00% | $1,000 |
| 24-Month CD | 3.50% | $1,000 |
| 36-Month CD | 3.25% | $1,000 |
| 60-Month CD | 3.25% | $1,000 |
*The rates above are accurate as of 10/30/2024*
Forbright Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make. The interest is compounded daily and credited monthly which can be either be mailed by check or sent by ACH.
With as little as $1,000, you can invest in a Forbright Bank CD account to maximize your earnings. If you’re interested in earning a higher rate than a traditional savings account than make sure to check out the CD rates below.
- Minimum deposit: $1,000
- Maximum deposit: None listed
- Early withdrawal penalty: None. Withdrawals may be made 7 days after opening.
(FDIC Insured)
| Alliant Credit Union 12-Month Certificate (4.30% APY) | Quontic Bank CD (Up to 4.25% APY) |
| Western Alliance Bank 3-Month CD (4.05% APY) | Western Alliance Bank 5-Month CD (3.85% APY) |
| Ponce Bank 3-Month CD (4.40% APY) | Blue Federal Credit Union 9-Month No Penalty CD (4.00% APY) |
| Rising Bank 6-Month CD (4.65% APY) | Rising Bank 12-Month CD (4.30% APY) |
| Sun Canyon Bank 11-Month CD (3.98% APY) | |
Forbright Bank CD Features
- Minimum to open is $1,000.
- Every cent you save earns interest for you and helps support a brighter, more sustainable future. Forbright is committed to dedicating half our portfolio toward financing clean energy projects and sustainable businesses over the next three years.
- FDIC insured up to the maximum limit allowed. Visit FDIC.gov for more information.
- Competitive interest rates.
- Multiple term options available.
Bottom Line
Whether you are interested in a short term or long term CD, look no further than Forbright Bank. For example accounts like Certificate of Deposits, Savings Accounts, and Loan services. You can ACH your maturing funds and they will allow 10 calendar days before automatic renewal.
The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
This is a great opportunity to invest in a high-interest CD from Forbright Bank. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
- Best No Penalty CD Rates
Be sure to apply as soon as you can to start your new account experience and start earning higher rates. Check back often for the latest Forbright Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
| Consumers Credit Union | 4.70% APY 9-Month Certificate | Review |
| Rising Bank | 4.65% APY 6-Month CD | Review |
| Service Credit Union | 4.50% APY 6-Month CD | Review |
| Ponce Bank | 4.40% APY 3-Month High Yield CD | Review |
| Alliant Credit Union | 4.30% APY 12-Month Certificate | Review |
| Live Oak Bank | 4.30% APY 12-Month CD | Review |
| Quontic Bank | Up to 4.25% APY CD | Review |
| Live Oak Bank | 4.30% APY 12-Month Business CD | Review |
| Rising Bank | 4.30% APY 12-Month CD | Review |
| Ponce Bank | 4.20% APY 4-Month No-Penalty CD | Review |
| Discover Bank | 4.10% APY 12-Month CD | Review |
| First Mid Bank & Trust | 4.08% APY 9-Month CD | Review |
| Western Alliance Bank | 4.05% APY 3-Month CD | Review |
| Sallie Mae | 4.00% APY 14-Month CD | Review |
| Blue Federal Credit Union | 4.00% APY 9-Month No Penalty CD | Review |
| Sun Canyon Bank | 3.98% APY 11-Month CD | Review |
| Sallie Mae | 3.95% APY 10-Month CD | Review |
| Western Alliance Bank | 3.85% APY 5-Month CD | Review |
| GreenState Credit Union | 3.80% APY 10-Month CD | Review |
| Blue Federal Credit Union | 3.75% APY 15-Month CD | Review |
| Western Alliance Bank | 3.75% APY 6-Month CD | Review |
| Southwestern National Bank | 3.65% APY 5-Month CD | Review |
| CIT Bank | 3.50% APY 13-Month CD | Review |
| CIT Bank | 3.50% APY 11-Month No-Penalty CD | Review |
| Southwestern National Bank | 3.40% APY 8-Month CD | Review |
| Western Alliance Bank | 3.00% APY 12-Month CD | Review |
| First Financial Northwest Bank | 3.00% APY 12-Month CD | Review |
| Ponce Bank | 3.00% APY 1-Month High Yield CD | Review |
| Southwestern National Bank | 3.00% APY 10-Month CD | Review |
| CIT Bank | 3.00% APY 6-Month CD | Review |
| CIT Bank | 3.00% APY 18-Month CD | Review |
What is your highest jumbo CD rate TODAY? I should have funds available after 2/6/24. I already have one CD with you for 9 months duration but I’m guessing your current APY on the same account today is not what you have on your advertised listing: 5.60.
Today’s (1/4/2024) APY:
Certificate of Deposit – 9 month term, 5.60% APY
In the description of Forbright Bank, it states 12 mo. 4.25% then below it states 5.25 for same term. Maybe I am missing something.