Varo Savings Account
A mobile-first neobank with a tiered APY structure that rewards small, active accounts.
APY
5.00%
on first $5,000 with qualifying activity
Updated 1d agoEditor rating
4.2 / 5
Seguro
FDIC
Cert #59190
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APY history
0 snapshotsNo rate history yet — checking daily.
Veredicto del editor
Varo offers the highest headline APY on our list, but the conditions are strict: you need direct deposit, qualifying debit card spend, and the rate only applies to the first $5,000. For users who can meet those conditions on a small emergency fund, Varo is mathematically the best option. For larger balances, look elsewhere.
By HYSA Compare Editorial Team · APY verificado el 2026-04-06T00:00:00.000Z
Pros
- + 5.00% APY tier — highest on the list
- + Mobile-first experience
- + No fees
Contras
- − Bonus tier capped at first $5,000
- − Requires direct deposit AND debit card use to qualify
- − Lower APY on balances over $5k
What you'd earn at Varo Bank
Plug in your numbers. We'll show you how much interest you earn at today's rate.
Total contributed
$25,000
Interest earned
$4,716
Final balance
$29,716
Year-by-year breakdown
| Year | Contributed | Balance | Interest |
|---|---|---|---|
| 1 | $13,000 | $13,568 | $568 |
| 2 | $16,000 | $17,315 | $1,315 |
| 3 | $19,000 | $21,249 | $2,249 |
| 4 | $22,000 | $25,379 | $3,379 |
| 5 | $25,000 | $29,716 | $4,716 |
Assumes monthly compounding and a constant APY. Actual results vary as APYs change. Not financial advice.
Detalles de la cuenta
- Tipo de institución
- NEOBANK
- Depósito mínimo de apertura
- $0
- Saldo mínimo para ganar APY
- $0
- Cargo mensual
- $0.00
- Capitalización
- daily
- Acceso a cajeros
- Sí
- Cheques
- No
- App móvil
- Sí