Get 5.00% APY on up to $5,000.
Reach your goals faster with one of the highest Annual Percentage Yield (APY) around.¹ Here’s how to qualify for 5.00% APY²:
Open a Varo Bank Account and Savings Account.
Receive $1,000 or more in direct deposits³ by the end of each month.
End the month with a positive balance in your Varo accounts.
If you qualify, you'll earn 5.00% APY the following month on up to $5,000 and 2.50% APY on everything else. If you do not qualify, you'll earn 2.50% APY on the full balance.
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A little from your paycheck. Some spare change rounded up. Our automatic savings tools take the stress out of saving, so you can set it, forget it, and watch your money multiply.
Let your savings reach their full potential. Without all the fees whittling it down. With no minimum balance required and no monthly fees to pay, you can save more the easy way.
Our high APY savings rate knocks pretty much everyone else out of the park. Yeah, we’re looking at you, big banks.
"Varo makes me feel like I am growing my savings account without really even trying."
Ellynore B.
"It helps me achieve financial freedom."
Austin P.
"I love the high yield savings rate I get with Varo. It’s definitely a lot better than anything else I’ve seen out there."
Alex G.
"With the Varo Savings account, I save for long-term costs. For example, we’re trying to save for some renovations on our home."
Greg D.
Sign up for Varo Bank and Savings accounts in less than two minutes. No credit check required.
