Michael Torres
CPA, Former IRS Revenue Agent
Varo Bank
Digital bank offering high-yield savings, no fees, and early direct deposit designed for modern workers including freelancers and gig economy participants.
In This Article
Pros & Cons
Pros
- High savings APY
- No minimum balance
- FDIC insured
Cons
- No joint accounts
- Limited ATM network
Ad Space Available
Key Features
Ad Space Available
Ad Space Available
FAQs
What APY does Varo offer?
Varo offers up to 5% APY on savings accounts with qualifying direct deposits.
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