Online Savings Account
TURN YOUR MONEY INTO MORE MONEY. FASTER.
Zero fees. Automatic savings tools. What's more, qualify for 5.00% annual percentage yield on up to $5k.¹ When you open a savings account with us, you earn more on every dollar. So you can aim for more—and live more.
IN THE PRESS.
“Neobanks are a dime-a-dozen these days...Not Varo. The digital-only bank is the first consumer fintech to be granted a full-service bank charter...”
“Colin Walsh is on a mission to create a more inclusive digital bank– and he went through the regulatory wringer in the middle of the pandemic to prove it...”
“We’re a direct member of the FDIC, we’re regulated by the OCC, and we’ve made very prudent decisions to build a very effective risk management program that protects our customers – Colin Walsh”
“Neobank pioneer Varo Bank has become the first digital bank to join Zelle’s payment network. Surely this move represents a step forward for neobanks.”
Everything you need to reach your goals
high apy
No Fees
automatic round-ups
save your pay
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Up to 5.00% Annual Percentage Yield (APY)
Get your savings high. Like, really, high.
Got big money dreams? Grow your savings faster with one the highest savings rates in the country. That’s right, qualify for up to 5.00% APY on up to $5k and earn 3.00% APY on everything else.¹
Auto Savings tools
Put your money to work without lifting a finger.
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.
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Fee-free savings
No fees. No minimum. No brainer.
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.
The hype is real.²
"I’ve got more in my Varo Savings Account than I’ve ever had in any savings account, so that feels awesome."
Ellynore B.
"With my Varo Savings Account, I ‘m definitely able to save money faster versus a brick and mortar bank."
Adam E.
"Varo has been really great about trying to offer the best rate of return for the consumer. They really are making sure that they're the best."
Greg D.
"What I like most about the Varo Savings Account is that extra 5.00% that I get to save."
Kai W.
GET THERE FASTER. START SAVING TODAY.
Sign up for a Varo account in less than two minutes. There’s no hard credit check to apply.