Qualify to earn 3.75% Annual Percentage Yield (APY) on up to $5,000¹
Over 9x the national average for savings accounts²
1.00% APY on remaining balances over $5,000
High-yield savings account
Get up to 3.75% APY.¹
Our highest APY
More than 9x the national average says a lot.
Our highest savings rate knocks traditional banks out of the park.²
High-yield APY
How much do you earn?
Once qualified, you can earn 3.75% APY on your first $5,000.¹ That’s more than $187 a year. And any additional amount will still earn 1.00%. Just for saving with Varo.
How to qualify for 3.75% APY.
Step 1
Open a Varo Bank Account and Savings Account.
Step 2
Receive qualifying direct deposits of at least $1,000 by the end of each month.
Step 3
Make sure your accounts aren't negative at the end of the month.
Step 4
Watch the cash in your savings account grow!
Save more. Like, a lot more.
Sign up for a Varo Savings Account in less than two minutes. No hard credit check required.