Varo Bank Savings Rate
Varo Bank's savings account pays 1.00% APY as of September 19, 2026, checked 7 days ago. The rate was lowered from 3.75% on September 22, 2026. Since RateBrain began tracking it in 2023, this savings account has paid as much as 5.00% (May 2023) and as little as 1.00% (Sep 2026). It is currently below the median savings rate we track (3.33% across 70 banks).
1.00% APY
down from 3.75% on Sep 22
- Last checked
- Sep 19 · 7 days ago
- Minimum deposit
- $1,000
Rate history
Now 1.00% APY
- All-time high 5.00% (May 2023)
- Low 1.00% (Sep 2026)
- 1-year change −4.00
- 3 changes
- Tracked since May 2023
- Full rate history »
The gray line is the median savings rate across the banks we tracked each month.
Rate changes
| Date | APY | Change |
|---|---|---|
| September 22, 2026 | 1.00% | −2.75 |
| August 12, 2026 | 3.75% | −1.25 |
| May 10, 2023 | 5.00% | first tracked |
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Please Note: We are not a bank or credit union and are not affiliated with any. The information above is provided 'as is' and solely for informational purposes, not for specific financial advice. While we aim to keep our information accurate and current, the rates and information shown on this page may be inaccurate or be out of date. Please check with banks directly for the most up to date and accurate information.