Save money effortlessly.
With a high-yield Varo Savings Account, you’ll earn interest you really notice.
Save and earn more
Save and earn money easily and automatically with a high-yield Varo Savings Account.
Automatic savings tools let you save money without thinking
There’s no minimum balance required to open an account
Start earning 0.40% APY*, and then earn up to 2.80% APY* if you meet these requirements each qualifying period
Your bank should help you save
A Varo Savings Account does just that with one of the highest APYs in the nation.
APY is a percentage rate that shows the total amount of interest paid on an account. It’s based on the account’s interest rate and how often the balance compounds for a 365-day period.
Whatever the balance, still no monthly fees.
There’s no minimum balance requirement to open a Varo Savings Account, and you start earning high-interest with your first deposit. Plus, a Varo Savings Account has no fees.
We’ll automatically save for you
Automatic savings tools transfer money from your Varo Bank Account to your Varo Savings Account.
Save Your Pay takes a percentage of your Varo Bank Account direct deposits and automatically transfers it to your Savings Account (you choose the percentage).
Save Your Change rounds up every transaction to the nearest dollar and transfers that amount from your Varo Bank Account to your Savings Account.