SuperMoney
  Varo Savings Account

Varo Savings Account

in Savings Accounts from Varo

Unaffiliated

Varo Savings Account

Unaffiliated

in Savings Accounts from Varo

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend Varo Savings Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
APY (Annual Percentage Yield) 2.12% - 2.8%
APY Minimum Balance $0
Monthly Fee $0

Varo Savings Account Review

Varo Savings Account is offered by Varo, a bank founded in 2015 and based in San Francisco, CA. Varo Savings Account is available in 50 states (and Washington, DC).

Are savings accounts from Varo federally insured?

Yes, your Varo savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Varo offer a signup bonus?

Varo Savings Account has a signup bonus of $0 with a $0.01 deposit.

What is the minimum balance for Varo Savings Account?

The minimum balance to open a Varo Savings Account is $0.
Varo Savings Account Account Minimums
Description
APY Minimum Balance $0
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Direct Deposit to Avoid Monthly Fee N/A
Minimum Balance to Avoid Monthly Fee $0

What APY does Varo offer?

Varo Savings Account offers an APY starting at 2.12% and ranging up to 2.8% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does Varo Savings Account offer?

This account includes the following features:

  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
  • Varo Savings Account Features
    Description
    Bank Account Features
    • Debit Card
    • Free Bill Pay
    • Interest Bearing Account
    • Mobile Banking
    • Mobile Check Deposit
    • Nationwide ATM Network
    • No Monthly Maintenance Fee

What fees does Varo Savings Account charge?

Varo Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   111 Sutter St
    San Francisco, CA 94104
  •   Visit Site

Hours of Operation

  • Sunday 8:00am - 6:00pm
  • Monday 6:00am - 9:00pm
  • Tuesday 6:00am - 9:00pm
  • Wednesday 6:00am - 9:00pm
  • Thursday 6:00am - 9:00pm
  • Friday 6:00am - 9:00pm
  • Saturday 8:00am - 6:00pm

Other Services by Varo

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Early Account Closure $0
Monthly Fee $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $25
Bank Account Features
  • Debit Card
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No Monthly Maintenance Fee
Signup Bonus $0
Signup Deposit Requirement $0.01
APY (Annual Percentage Yield) 2.12% - 2.8%

Be the first to rate

 

Would you recommend Varo Savings Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Savings Accounts

Chime Bank Savings Account
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

3 Reviews

Credit Karma Savings
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

2 Reviews