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 January 21, 2026
Comparison of Bask Bank vs Varo Bank savings accounts
Metric

Bask Bank

Interest Savings Account

Jan 21, 2026

Varo Bank

High-Yield Savings Account

Jan 21, 2026
APY3.75%2.50% - 5.00%
Est. Earnings
$5,000+$188
$10,000+$375
$25,000+$938
$5,000+$250
$10,000+$375
$25,000+$750
Min Deposit
$0$0

Snapshot view. Rates subject to change.

Terms
-Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. A Varo bank account & direct deposit required.
Features
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDirect Deposit ReqChecking Bundle

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: Jan 21, 2026

As of both Bask Bank (Interest Savings Account) and Varo Bank (High-Yield Savings Account) offer an APY of 3.75% .

Both banks yield $375 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.

Why Bask Bank?

  • No checking account or direct deposit required

Why Varo Bank?

  • Higher potential APY (5.00% vs 3.75%) on balances up to $5,000 (requires checking bundle & direct deposit)

— Key Feature Differences —

Better Returns at $25,000
Bask Bank

Bask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $938 vs $750/yr).

Best for Simplicity
Bask Bank

Bask Bank's Interest Savings Account offers 3.75% 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 Fast transfers via Zelle® Available Nationwide Available to New & Existing Customers

Executive Summary as of

Varo Bank's High-Yield Savings Account offers a competitive 5.00% APY on balances up to $5,000, with a lower rate of 2.50% on amounts exceeding that limit. However, this account requires a Varo bank account and a minimum direct deposit of $1,000 per month. In contrast, Bask Bank provides an Interest Savings Account with a solid 3.75% APY, which does not require direct deposit or any account bundling, making it a simpler option. Both banks operate online only and have no maintenance fees, but Varo Bank's higher APY makes it the winner based on the provided data.

The analysis is based on current Banksparency database records

* This content is provided for informational purposes only; always verify details with the provider.

Verify At
Bask Bank

Non-sponsored link to official site

Verify At
Varo Bank

Non-sponsored link to official site

Top Market Contenders

Axos Bank
4.31% APY
American Express
3.30% APY

Bask Bank vs. Varo Bank Savings Calculator

Calculations based on current APY for Interest Savings Account and High-Yield Savings Account
$
$

Both accounts earn exactly the same amount.

Bask Bank

Interest Savings Account

3.75% APY

Savings Breakdown

  • Interest Earned
    +$375.00(3.6%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,375.00

Effective APY
3.75%

Varo Bank

High-Yield Savings Account

5.00% APY

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

Savings Breakdown

  • Interest Earned
    +$375.00(3.6%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,375.00

Effective APY
3.75%

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

FeatureBask BankVaro Bank
APY
3.75%
Verified: 1/21/2026
↘︎ 0.30%90d Change
5.00%
Range: 2.50% - 5.00%
Verified: 1/21/2026
Stable (90d)
Product NameInterest Savings AccountHigh-Yield Savings Account
Minimum Deposit$0$0
Min. Balance for APY$0$0.01
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.None
RequiredMin. $1,000/month
Checking BundleNo Yes
Mobile Apps
iOS4.7
Android4.7
iOS4.9
Android4.6
Zelle® Support
Available
Available for Interest Checking; not for standalone savings.
Available
Requires history of qualifying direct deposits.
BBB RatingBA
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
Visit Site

Non-sponsored link to official site

Visit Site

Non-sponsored link to official site

📈 Compare Savings Rates Over Time

Historical Performance

Last 12 Months Analysis
MetricBask BankVaro Bank
Interest Savings AccountHigh-Yield Savings Account
Current APY
3.75%5.00%
Trend
Stable Stable
Velocity (bps/mo)
-5.30.0
Days Since Change
33365
12-Month High
4.50%5.00%
12-Month Low
3.75%5.00%
Adjustments / Mo
0.490.00
Volatility Score
0.0490.000
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 365-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.

More Comparisons

Compare Bask Bank's APY of 3.75% with other banks
Bank PairCompetitor APYMin Deposit
Bask Bank vs Affirm3.20%$0
Bask Bank vs Ally Bank3.30%$0
Bask Bank vs American Express3.30%$0
Bask Bank vs Axos Bank4.31%$0
Bask Bank vs Bank of America0.01%$100
Bask Bank vs Barclays4.00%$0
Bask Bank vs Betterment3.25%$10
Bask Bank vs BMO Alto3.25%$0
Bask Bank vs Bread Savings4.00%$100
Bask Bank vs BrioDirect3.75%$5,000
Bask Bank vs Capital One3.30%$0
Bask Bank vs Carver Bank4.00%$5,000
Bask Bank vs Charles Schwab Bank0.15%$0
Bask Bank vs Chase Bank0.01%$0
Bask Bank vs Chime3.50%$0
Bask Bank vs CIT Bank3.75%$100
Bask Bank vs Citibank3.30%$0
Bask Bank vs Citizens Access™3.15%$0.01
Bask Bank vs Climate First Bank4.21%$50
Bask Bank vs Colorado Federal Savings Bank4.05%$50,000
Bask Bank vs Discover Bank3.30%$0
Bask Bank vs E*TRADE from Morgan Stanley3.50%$0
Bask Bank vs Elevault3.82%$0
Bask Bank vs EverBank3.90%$0
Bask Bank vs Fitness Bank4.75%$100
Bask Bank vs FNBO Direct3.00%$1
Bask Bank vs Forbright Bank3.85%$0
Bask Bank vs FVCbank3.85%$500
Bask Bank vs GO2bank4.50%$0
Bask Bank vs Ivy Bank4.00%$2,500
Bask Bank vs Jenius Bank4.05%$0
Bask Bank vs LendingClub4.00%$0
Bask Bank vs Marcus by Goldman Sachs3.65%$0
Bask Bank vs MutualOne Bank4.07%$20,000
Bask Bank vs My Banking Direct4.02%$500
Bask Bank vs Neighbors Bank4.20%$0
Bask Bank vs Newtek Bank4.35%$0.01
Bask Bank vs Openbank4.20%$500
Bask Bank vs Peak Bank3.99%$100
Bask Bank vs Pibank4.60%$0
Bask Bank vs PNC3.30%$0
Bask Bank vs Popular Direct3.90%$100
Bask Bank vs Presidential Bank3.75%$5,000
Bask Bank vs Quontic Bank3.50%$100
Bask Bank vs Salem Five Direct3.61%$10
Bask Bank vs Sallie Mae Bank3.90%$0
Bask Bank vs Santander Bank0.01%$25
Bask Bank vs SoFi Bank4.00%$0
Bask Bank vs Synchrony Bank3.65%$0
Bask Bank vs TD Bank2.36%$0
Bask Bank vs TIMBR4.15%$1,000
Bask Bank vs UFB Direct3.46%$5000
Bask Bank vs Upgrade3.05%$0
Bask Bank vs Valley Direct4.00%$1,000
Bask Bank vs Vio Bank4.09%$100
Bask Bank vs Wealthfront3.90%$0
Bask Bank vs Wells Fargo0.05%$25
Bask Bank vs Zynlo Bank3.85%$10
Compare Varo Bank's APY of 5.00% with other banks
Bank PairCompetitor APYMin Deposit
Varo Bank vs Affirm3.20%$0
Varo Bank vs Ally Bank3.30%$0
Varo Bank vs American Express3.30%$0
Varo Bank vs Axos Bank4.31%$0
Varo Bank vs Bank of America0.01%$100
Varo Bank vs Barclays4.00%$0
Varo Bank vs Betterment3.25%$10
Varo Bank vs BMO Alto3.25%$0
Varo Bank vs Bread Savings4.00%$100
Varo Bank vs BrioDirect3.75%$5,000
Varo Bank vs Capital One3.30%$0
Varo Bank vs Carver Bank4.00%$5,000
Varo Bank vs Charles Schwab Bank0.15%$0
Varo Bank vs Chase Bank0.01%$0
Varo Bank vs Chime3.50%$0
Varo Bank vs CIT Bank3.75%$100
Varo Bank vs Citibank3.30%$0
Varo Bank vs Citizens Access™3.15%$0.01
Varo Bank vs Climate First Bank4.21%$50
Varo Bank vs Colorado Federal Savings Bank4.05%$50,000
Varo Bank vs Discover Bank3.30%$0
Varo Bank vs E*TRADE from Morgan Stanley3.50%$0
Varo Bank vs Elevault3.82%$0
Varo Bank vs EverBank3.90%$0
Varo Bank vs Fitness Bank4.75%$100
Varo Bank vs FNBO Direct3.00%$1
Varo Bank vs Forbright Bank3.85%$0
Varo Bank vs FVCbank3.85%$500
Varo Bank vs GO2bank4.50%$0
Varo Bank vs Ivy Bank4.00%$2,500
Varo Bank vs Jenius Bank4.05%$0
Varo Bank vs LendingClub4.00%$0
Varo Bank vs Marcus by Goldman Sachs3.65%$0
Varo Bank vs MutualOne Bank4.07%$20,000
Varo Bank vs My Banking Direct4.02%$500
Varo Bank vs Neighbors Bank4.20%$0
Varo Bank vs Newtek Bank4.35%$0.01
Varo Bank vs Openbank4.20%$500
Varo Bank vs Peak Bank3.99%$100
Varo Bank vs Pibank4.60%$0
Varo Bank vs PNC3.30%$0
Varo Bank vs Popular Direct3.90%$100
Varo Bank vs Presidential Bank3.75%$5,000
Varo Bank vs Quontic Bank3.50%$100
Varo Bank vs Salem Five Direct3.61%$10
Varo Bank vs Sallie Mae Bank3.90%$0
Varo Bank vs Santander Bank0.01%$25
Varo Bank vs SoFi Bank4.00%$0
Varo Bank vs Synchrony Bank3.65%$0
Varo Bank vs TD Bank2.36%$0
Varo Bank vs TIMBR4.15%$1,000
Varo Bank vs UFB Direct3.46%$5000
Varo Bank vs Upgrade3.05%$0
Varo Bank vs Valley Direct4.00%$1,000
Varo Bank vs Vio Bank4.09%$100
Varo Bank vs Wealthfront3.90%$0
Varo Bank vs Wells Fargo0.05%$25
Varo Bank vs Zynlo Bank3.85%$10