CHEVY CHASE, Md,--(BUSINESS WIRE)--Forbright Bank, a nationwide FDIC insured bank helping accelerate the transition to a sustainable and low-carbon economy, today announced Growth Savings, a new online high yield savings account to help customers save for their future while helping support a brighter, more sustainable future. With a 5.30% APY*, Growth Savings offers a competitive rate, no minimums, no fees, and no hidden charges – enabling customers to grow their money while contributing to a more sustainable tomorrow thanks to Forbright Bank’s commitment to responsible and sustainable banking. As part of the nationwide launch, Growth Savings customers can qualify to receive an America the Beautiful National Parks and Federal Recreational Lands Pass to visit any of the country’s more than 400 national parks.
“Not only does our high yield savings account provide a great rate and best-in-class digital experience, but by saving with Forbright Bank, customers can earn for their future while we invest in a brighter future,” said Matt Quale, President of Digital Banking at Forbright Bank.
Growth Savings accounts are fully online and available nationwide. Currently, Growth Savings customers who maintain a specified average daily balance for 90 consecutive days will qualify to receive a one-year pass to America’s national parks. The National Parks Pass promotion, which is available for a limited time only, was launched in conjunction with Forbright Bank’s support for the National Park Foundation and is designed to provide financial benefits for customers while helping more people enjoy the outdoors.
In March, Forbright Bank announced a $250,000 donation to the National Park Foundation to help support initiatives that preserve America’s national parks and connect more people to the outdoors. The partnership, which arose out of the two organizations’ shared commitment to protecting and conserving America’s natural treasures, consists of the donation, employee engagement, and special offerings like Annual National Parks Passes for qualifying Forbright Bank customers.
*Annual Percentage Yield (APY) is accurate as of June 3, 2024. APY may change at any time before or after the account is opened. Available only online.
About Forbright Bank
Forbright Bank (www.forbrightbank.com), Member FDIC, Equal Housing Lender, is a full-service bank and lender taking action to decarbonize the economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable, clean energy economy by financing the companies, investors, and innovators driving that change.
Annual National Parks Pass Promotion – Terms & Conditions
The America the Beautiful - National Parks & Federal Recreational Lands Annual Pass Promotion is available to Forbright Bank Growth Savings primary account holders beginning June 1, 2024 at 12 a.m. ET. To qualify, primary account holders must maintain at least a $40,000 average daily account balance for 90 consecutive days within a 120 day window. If an account is opened on or before June 1st, 2024, the 120 day window starts June 1st, 2024. If an account is opened after June 1st, 2024, the 120 day window starts at account opening. Primary account holders are not eligible beyond the initial 120-day period.
Eligibility will be determined on a monthly basis. Qualifying customers will be notified of eligibility within 1 month of qualification, and redemption instructions will be provided via the primary email address on file. Customers can redeem by replying to the email and replies must be received within 30 days from eligibility notification. Replies from an address other than the primary email on file will not be honored.
The America the Beautiful National Parks & Federal Recreational Lands Annual Pass grants admission to more than 2,000 federal recreational sites including U.S. national parks. The Passes will be shipped via certified mail within 30 days of redemption date. The pass will become active the month following the shipping date. The Annual National Parks Pass admits the pass owner and passengers in a non-commercial vehicle at per-vehicle fee areas; and pass owner + 3 adults, not to exceed 4 adults, where per-person fees are charged. The pass must be signed by the primary account holder to become valid. Passes cannot be resold, are non-refundable, non-transferable and cannot be replaced if lost or stolen. For additional details please visit https://store.usgs.gov/faq
Joint account holders are not eligible. Open account status must be maintained for the duration of the promotion window. Participants must be legal residents of the fifty United States including District of Columbia and all U.S. territories. Quantities are limited and passes are available to the first 2,000 qualifying customers who redeem. The promotional amount may be subject to IRS reporting. Forbright Bank may amend, update, or terminate the promotion at any time.
Forbright Bank is not an official partner of or affiliated with the National Park Service or the US Geological Society.