High-Yield Savings Account Comparison

Bask Bank vs. Varo Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl

Updated December 6, 2025

Advertising Disclosure: We may earn a commission from partner links.

Bask Bank

Interest Savings Account

3.90%

APY

Dec 6, 2025

FDIC InsuredNo MinimumsGreat iOS AppGreat Android App

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0
Maintenance Fee	$0
Compound Freq	Daily
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 34383)
Eligibility	United States
Mobile Ratings	iOS:4.7 Android:4.5
BBB Rating	B(Not BBB Accredited)

Rate Stability

30 days

↘︎ 0.15%

90 days

↘︎ 0.25%

Read Bank Overview

Varo Bank

High-Yield Savings Account

Up to

5.00%

APY

Dec 5, 2025

FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android App

Range: 2.50% – 5.00%

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	Daily
Direct Deposit	Required (Min. $1,000/month)
Deposit Insurance	FDIC Insured(Cert: 59190)
Eligibility	United States
Mobile Ratings	iOS:4.9 Android:4.6
BBB Rating	A(BBB Accredited)

Important Note

Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. A Varo bank account & direct deposit required.

Rate Stability

Very StableNo rate changes in last 90 days

Read Bank Overview

Prefer In-Person Banking?

Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.

Find Branch Access

Comparison Analysis

Comparing Bask Bank vs. Varo Bank

Updated: Dec 6, 2025

Why Bask Bank?

✓No checking account or direct deposit required

Why Varo Bank?

✓Higher potential APY (5.00% vs 3.90%) on balances up to $5,000 (requires checking bundle & direct deposit)

— Key Feature Differences —

Better Returns at $10,000

Bask Bank

Bask Bank's Interest Savings Account earns more on smaller deposits (approx. $390 vs $375/yr).

Better Returns at $25,000

Bask Bank

Bask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $975 vs $750/yr).

Best for Simplicity

Bask Bank

Bask Bank's Interest Savings Account offers 3.90% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers

The Bottom Line

Over a 1-year period, Bask Bank's Interest Savings Account pays $15 more interest on a $10,000 balance than Varo Bank's High-Yield Savings Account.

Varo BankBask Bank

Automated Data Audit

Executive Summary

Bask Bank offers an Interest Savings Account with a competitive APY of 3.90%, providing better returns for smaller deposits and no requirements for direct deposit or account bundling. In contrast, Varo Bank's High-Yield Savings Account features a higher APY of 5.00% but requires a direct deposit of at least $1,000 per month and limits the higher rate to balances up to $5,000, with a lower rate of 2.50% applying to amounts above that. Both accounts are online-only with no maintenance fees, but Varo's eligibility restrictions may make Bask Bank a more straightforward option for savers.

Analysis generated based on current Banksparency database records

* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.

ExploreBask Bank ExploreVaro Bank

Feature	Bask Bank	Varo Bank
APY	3.90% Verified: 12/6/2025 ↘︎ 0.25%90d Change	5.00% Range: 2.50% - 5.00% Verified: 12/5/2025 Stable (90d)
Product Name	Interest Savings Account	High-Yield Savings Account
Minimum Deposit	$0	$0
Min. Balance for APY	$0	$0.01
Monthly Fee	$0	$0
Branch Access	None	None
Account Type	Online Only	Online Only
Direct Deposit Req.	None	RequiredMin. $1,000/month
Checking Bundle	No	Yes
Mobile Apps	iOS4.7 Android4.5	iOS4.9 Android4.6
BBB Rating	B	A
Important Notes	-	Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. A Varo bank account & direct deposit required.
Next Steps	- View Details	- View Details

Savings Comparison

Calculations based on current APY.

Initial Deposit

Recurring Deposit

Frequency

Duration

Bask Bank earns $158.8 more than Varo Bank.

Bask Bank

Interest Savings Account

3.90% APY

Savings Breakdown

Interest Earned
+$2,370.20(11.6%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,370.20

Effective APY

3.90%

View Details

Varo Bank

High-Yield Savings Account

5.00% APY

5.00% on first $5,000 and 2.50% thereafter.

Savings Breakdown

Interest Earned
+$2,211.40(10.9%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,211.40

Effective APY

3.65%

View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 12 Months Analysis

Metric	Bask Bank	Varo Bank
	Interest Savings Account	High-Yield Savings Account
Current APYMost recent advertised annual-percentage yield.	3.90%	5.00%
TrendDirection over the last 12 months (regression slope).	Stable	Stable
Velocity (bps/mo)Average monthly change; 10 bps = 0.10 pp.	-4.6	0.0
Days Since ChangeRecency of the latest APY adjustment.	29	352
12-Month HighHighest APY in the last 354 days.	4.65%	5.00%
12-Month LowLowest APY in the last 354 days.	3.90%	5.00%
Adjustments / MoTypical number of APY moves per month.	0.51	0.00
Volatility ScoreCoefficient of variation (stdev ÷ mean). Lower is more stable.	0.040	0.000

How to read these metrics(Click to expand)

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 354-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar Alternatives

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Comparing against Standard Savings

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Comparing against other Bundled Accounts

vs Varo Bank

Axos BankChecking Bundle

4.31%

APY

vs Varo Bank

SoFi BankChecking Bundle

4.30%

APY

vs Varo Bank

Presidential BankChecking Bundle

4.00%

APY

More Comparisons

Compare Bask Bank's APY of 3.90% with other banks

Bank Pair	Competitor APY	Min Deposit
Bask Bank vs Ally Bank	3.30%	$0
Bask Bank vs American Express	3.40%	$0
Bask Bank vs Axos Bank	4.31%	$0
Bask Bank vs Bank of America	0.01%	$100
Bask Bank vs Barclays	4.00%	$0
Bask Bank vs BMO Alto	3.25%	$0
Bask Bank vs BrioDirect	4.00%	$5,000
Bask Bank vs Capital One	3.40%	$0
Bask Bank vs Chase Bank	0.01%	$0
Bask Bank vs Chime	3.50%	$0
Bask Bank vs CIT Bank	3.75%	$100
Bask Bank vs Citibank	3.30%	$0
Bask Bank vs Citizens Access™	3.35%	$0.01
Bask Bank vs Climate First Bank	4.21%	$50
Bask Bank vs Discover Bank	3.40%	$0
Bask Bank vs Elevault	4.08%	$0
Bask Bank vs EverBank	4.05%	$0
Bask Bank vs Fitness Bank	4.75%	$100
Bask Bank vs FNBO Direct	3.00%	$1
Bask Bank vs Forbright Bank	4.00%	$0
Bask Bank vs FVCbank	3.85%	$500
Bask Bank vs GO2bank	4.50%	$0
Bask Bank vs Ivy Bank	4.25%	$2,500
Bask Bank vs LendingClub	4.20%	$0
Bask Bank vs Marcus by Goldman Sachs	3.65%	$0
Bask Bank vs Neighbors Bank	4.50%	$0
Bask Bank vs Newtek Bank	4.35%	$0.01
Bask Bank vs Openbank	4.20%	$500
Bask Bank vs Peak Bank	4.20%	$100
Bask Bank vs Pibank	4.60%	$0
Bask Bank vs PNC	3.53%	$0
Bask Bank vs Presidential Bank	4.00%	$5,000
Bask Bank vs Quontic Bank	3.75%	$100
Bask Bank vs Salem Five Direct	3.71%	$10
Bask Bank vs Santander Bank	0.01%	$25
Bask Bank vs SoFi Bank	4.30%	$0
Bask Bank vs Synchrony Bank	3.65%	$0
Bask Bank vs TIMBR	4.40%	$1,000
Bask Bank vs UFB Direct	3.71%	$5000
Bask Bank vs Valley Direct	4.10%	$1,000
Bask Bank vs Vio Bank	4.16%	$100
Bask Bank vs Wealthfront	4.15%	$0
Bask Bank vs Wells Fargo	0.05%	$25
Bask Bank vs Zynlo Bank	4.05%	$10

Compare Varo Bank's APY of 5.00% with other banks

Bank Pair	Competitor APY	Min Deposit
Varo Bank vs Ally Bank	3.30%	$0
Varo Bank vs American Express	3.40%	$0
Varo Bank vs Axos Bank	4.31%	$0
Varo Bank vs Bank of America	0.01%	$100
Varo Bank vs Barclays	4.00%	$0
Varo Bank vs BMO Alto	3.25%	$0
Varo Bank vs BrioDirect	4.00%	$5,000
Varo Bank vs Capital One	3.40%	$0
Varo Bank vs Chase Bank	0.01%	$0
Varo Bank vs Chime	3.50%	$0
Varo Bank vs CIT Bank	3.75%	$100
Varo Bank vs Citibank	3.30%	$0
Varo Bank vs Citizens Access™	3.35%	$0.01
Varo Bank vs Climate First Bank	4.21%	$50
Varo Bank vs Discover Bank	3.40%	$0
Varo Bank vs Elevault	4.08%	$0
Varo Bank vs EverBank	4.05%	$0
Varo Bank vs Fitness Bank	4.75%	$100
Varo Bank vs FNBO Direct	3.00%	$1
Varo Bank vs Forbright Bank	4.00%	$0
Varo Bank vs FVCbank	3.85%	$500
Varo Bank vs GO2bank	4.50%	$0
Varo Bank vs Ivy Bank	4.25%	$2,500
Varo Bank vs LendingClub	4.20%	$0
Varo Bank vs Marcus by Goldman Sachs	3.65%	$0
Varo Bank vs Neighbors Bank	4.50%	$0
Varo Bank vs Newtek Bank	4.35%	$0.01
Varo Bank vs Openbank	4.20%	$500
Varo Bank vs Peak Bank	4.20%	$100
Varo Bank vs Pibank	4.60%	$0
Varo Bank vs PNC	3.53%	$0
Varo Bank vs Presidential Bank	4.00%	$5,000
Varo Bank vs Quontic Bank	3.75%	$100
Varo Bank vs Salem Five Direct	3.71%	$10
Varo Bank vs Santander Bank	0.01%	$25
Varo Bank vs SoFi Bank	4.30%	$0
Varo Bank vs Synchrony Bank	3.65%	$0
Varo Bank vs TIMBR	4.40%	$1,000
Varo Bank vs UFB Direct	3.71%	$5000
Varo Bank vs Valley Direct	4.10%	$1,000
Varo Bank vs Vio Bank	4.16%	$100
Varo Bank vs Wealthfront	4.15%	$0
Varo Bank vs Wells Fargo	0.05%	$25
Varo Bank vs Zynlo Bank	4.05%	$10