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Varo Bank

Online Savings Account

  • Earn 0.40% APY
  • No minimum to open
  • No monthly maintenance fee
  • Member FDIC

Varo Bank Account

  • $0 opening deposit
  • No monthly service fee
  • No balance requirements
  • No fees at 55,000+ Allpoint ATMs
  • Get paid up to two days early with direct deposit
  • No foreign transaction fees
  • Member FDIC

Compare Promotions

CIT Bank
Member FDIC

CIT Bank Savings Connect (Savings + Checking)

  • Earn a competitive high yield savings rate with access and convenience features of an eChecking account.
  • Earn up to 0.50% APY on Savings Connect and 0.25% APY on eChecking.
  • Savings Connect is a tiered interest rate account dependent on the account holder opening a linked qualifying eChecking concurrently and makes periodic qualifying deposits.
    • Base Tier: (0.40% APY, 0.399% Interest Rate) A minimum qualifying deposit of $200 is not deposited each month into the linked eChecking or the eChecking account is closed.
    • Upper Tier: (0.50% APY, 0.499% Interest Rate) A qualifying deposit of $200 or more is deposited into the linked eChecking account each month.
    • APY assumes a qualifying deposit of $200 or more is made to the linked eChecking account each month.
  • Minimum of $100 for both the Savings Connect and eChecking to open ($200 total).
CIT Bank
Member FDIC

CIT Bank Money Market Account - 0.45% APY

  • 0.45% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • FDIC insured
HSBC
Member FDIC

HSBC Advance Checking - $200 Welcome Deposit

Expires 3/31/2021
  • Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.
  • Open your new HSBC Advance checking account online by March 31, 2021; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
  • You will automatically receive the $200 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It's that simple.
  • Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
Discover Bank
Member FDIC

Online Savings Account - Earn 0.40% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required

    Highlights

    Savings
    0.40% APY on all balances. Opportunity to earn 2.80% APY if your daily savings balance does not exceed $10,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
    Checking
    No monthly service fee; no minimum balance
    Customer Service
    Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
    ATMs
    Over 55,000 fee-free AllPoint ATMs
    Locations
    Online only

Pricing information from published website as of 02/20/2020

 Ally Bank
 Learn MoreLearn More
 

Varo Bank

Ally Bank

 

Benefits and Features

Savings0.40% APY on all balances. Opportunity to earn 2.80% APY if your daily savings balance does not exceed $10,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
0.50% APY
CD 0.20% to 0.85% APY. Terms of 3 months to 5 years. 12-month CD APY of 0.60%
CheckingNo monthly service fee; no minimum balance0.10% APY under $15,000; 0.25% APY $15,000 or more
Money Market 
0.50% APY
Customer ServiceMon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
24/7
ATMsOver 55,000 fee-free AllPoint ATMsOver 43,000 no-fee Allpoint ATMs
Locations
Online only
Online Only

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Varo Bank: Pricing information from published website as of 02/20/2020

Ally Bank: Pricing information from published website as of 2/25/2021.


Varo Bank Alternatives

Chase
Member FDIC

Chase Total Checking® - $200 Bonus

Expires 4/14/2021
  • Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit
  • Access to 16,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
CIT Bank
Member FDIC

CIT Bank Money Market Account - 0.45% APY

  • 0.45% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • FDIC insured
HSBC
Member FDIC

HSBC Advance Checking - $200 Welcome Deposit

Expires 3/31/2021
  • Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.
  • Open your new HSBC Advance checking account online by March 31, 2021; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
  • You will automatically receive the $200 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It's that simple.
  • Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
Discover Bank
Member FDIC

Online Savings Account - Earn 0.40% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
TD Bank
Member FDIC

TD Beyond Checking - $300 Cash Bonus

  • New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
  • Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
  • Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Rush Bill Payments and more.
  • Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
  • TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
  • Overdraft Payback - Get overdraft fees automatically reversed up to two times a year.
  • Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
  • TD checking accounts come with an instant-issue debit card. And, you can pay with confidence with Zero Liability protection and 24/7 fraud monitoring.
  • Monthly maintenance fee waived on one TD Simple CheckingSM account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.

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