Available nationwide, Varo Money Savings is offering a 3.00% APY up to 5.00% APY Rate. Definitely continue reading below for everything you would need to know about the attractive account and rate!
Varo Money Savings Review
I’ll review Varo Money Savings below.
Varo Money Savings Rate
To earn Varo’s competitive rate, simply open a new account. That’s all it takes and you’ll get to enjoy earning the competitive rate on all balances.
- What you’ll get: 3.00% APY (Up to 5.00% APY)
- Eligible account: Money Savings
- Credit Inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: None
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
Editor’s Note: Currently, you can earn up to 5.00% APY (up to $5,000) when you meet the following requirements: make at least five Varo Visa® Debit Card purchases in each Qualifying Period and must receive total qualifying direct deposits of $1,000 or more to a Varo Bank Account or Varo Savings Account in each Qualifying Period.
| PROMOTIONAL LINK | OFFER | REVIEW |
| SoFi Checking and Savings Account | 3.30% APY + $325 Bonus | Review |
| Always.Bank Savings | 4.00% APY | Review |
| Valley Direct Online Savings | 4.00% APY | Review |
| Valley Bank High Yield Savings | 3.96% APY + $1200 Bonus | Review |
| Centier Bank High Yield Savings | 3.90% APY + $1200 Bonus | Review |
| American First Credit Union Money Market | 3.90% APY + $1200 Bonus | Review |
| Western Alliance Bank High-Yield Savings | 3.80% APY + $1200 Bonus | Review |
| Live Oak Bank Savings | 3.80% APY | Review |
| CIT Bank Platinum Savings | 3.75% APY | Review |
| CIT Bank Savings Connect | 3.65% APY | Review |
| Quontic Bank High Yield Savings | 3.50% APY | Review |
| Robinhood Gold | 3.25% APY | Review |
| Betterment Cash Reserve | 3.25% APY | Review |
| Upgrade Premier Savings | 3.05% APY | Review |
How to Earn Varo Rate
- Open a Money Savings account.
- Maintain any balance amount and earn the 3.00% APY rate.
| Balance Requirement | APY Rate |
| $0.01+ | 3.00% APY |
Varo Account Features
- No Fee Overdraft
- Member FDIC
- No foreign transaction fees.
Is This Account FDIC Insured?
Your money is safe with Varo. All money in your Varo Savings Account is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. The FDIC insures both the deposits you make within your high-yield savings account and any interest you earn.
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Conclusion
Varo is offering a great APY Rate for their Money Savings Account. There is no minimum opening balance or deposit required to open an account and it’s easy to sign up online! Definitely open an account so you can start saving with a fantastic account while offering a competitive APY Rate.
In addition to the rate from Varo, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Money Savings Account.
