Qualify to earn 5.00% Annual Percentage Yield (APY) on up to $5,000¹
Over 12x the national average for savings accounts²
2.50% APY on balances over $5,000
High-Yield Savings Account
Get up to 5.00% APY.¹
Our highest APY
12x the national average says a lot.
Our highest savings rate knocks pretty much everyone else out of the park.²
“A high-yield savings account with a standout APY.”⁵ –Fortune
High-yield APY
How much do you earn?
Once qualified, you can earn 5.00% APY on up to $5,000.¹ That’s $250 a year. And any additional amount will earn 2.50%. Just for saving with Varo.
How to qualify for 5.00% APY.
Step 1
Open a Varo Bank Account and Savings Account.
Step 2
Receive direct deposits³ of at least $1000 (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!⁴
Save more. Like, a lot more.
Sign up for a Varo Savings Account in less than two minutes. No hard credit check required.