{"slug":"varo-high-yield-savings-account-rate","category":"bank","institutionSlug":"varo","product":"High-Yield Savings Account","title":"Varo High-Yield Savings Account: 3.75% APY","bonus":"3.75% APY","unit":"cash","amount":0,"reqShort":"Direct deposit $1k+/mo, positive balance","expiresOn":null,"status":"live","verifiedOn":"2026-08-19","reports":0,"openIssues":0,"states":null,"referralGated":false,"hardPull":false,"chex":"Pending verification","fee":"","keep":"","posts":"","applyDomain":"varomoney.com","applyUrl":"https://www.varomoney.com/","summary":"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.","reqSteps":["Receive direct deposits totaling $1,000 or more each month.","End the month with a positive balance in all your Varo accounts."],"finePrint":["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."],"apy":375,"apyTerm":"ongoing APY, conditional on monthly qualifications","listedOn":"2026-08-19","listedAt":"2026-08-19T13:05:27.066Z","memberReports":[],"history":[],"ruleIds":[],"sources":[{"label":"varomoney.com rate page","url":"https://www.varomoney.com/","checkedOn":"2026-08-19"}],"needsVerification":false}