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
The national average just can’t keep up.
Our highest savings rate knocks pretty much everyone else out of the park.² Yeah, we’re looking at you, big banks.
“A high-yield savings account with a standout APY.⁵” – Fortune
High-yield APY
This is how 5.00% APY works—in your favor.
Once you qualify, you can earn 5.00% APY on up to $5,000.¹ Any additional amount above that will earn 2.50%. All you have to do to qualify? Easy. Set up and get some direct deposits³—at least $1,000 each month. Then, so long as you have a positive balance in your Bank and Savings Accounts at the end of the month, you’ll qualify for that 5.00% APY the following month.⁴
How to earn that 5.00% APY (on up to $5k).
1. Open a Varo Bank Account and Savings Account.
2. Receive direct deposits³ of at least $1000 (by the end of each month).
3. Make sure your accounts aren't negative at the end of the month.
4. Watch the cash in your savings account grow!⁴
Think Less. Save More.
Sign up for Varo Bank and Savings accounts in less than two minutes. No credit check required.