While they don’t affect your savings account rate, automatic savings tools are a good way to grow your money effortlessly.
A Varo Savings Account comes with two automatic savings tools you can turn on or off whenever you want.
Save Your Pay takes a percentage of your direct deposits and transfers it to your Savings Account. You choose the percentage.
Save Your Change rounds up every transaction to the nearest dollar and transfers the amount to your Savings Account.
When you deposit money into a savings account, banks and credit unions will pay you interest on the money you deposit and the resulting balance. Accessing money in a savings account is generally simple and fast.