Varo's savings account earns 3.75% APY on balances up to $5,000 and 1.00% APY on amounts above that, when you receive at least $1,000 in direct deposits monthly and end each month with a positive balance. Without meeting these qualifications, the rate drops to 1.00% APY on the full balance.
Eligibility
Available nationwide
No state restrictions on this offer.
Credit-pull posture pending
We have not yet confirmed how this account is screened. Check with the institution.
How to get the Varo High-Yield Savings Account rate
- Receive direct deposits totaling $1,000 or more each month.
- End the month with a positive balance in all your Varo accounts.
The fine print that matters
- Annual percentage yield (APY) is accurate as of July 1, 2026.
- Rates subject to change at any time.
- Start earning 1.00% APY, then qualify to earn 3.75% APY on your balance up to $5,000.00 next month by receiving direct deposit(s) totaling $1,000 or more and ending the month with a positive balance in all your varo accounts.
- Without the monthly qualifications the rate is 1% APY.
Verification and reports
Confirmed against varomoney.com on Aug 19, 2026. Based on 0 field reports. Status Limited reports is computed from those reports, never hand-set.
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Sources: varomoney.com rate page (checked Aug 19, 2026)
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