High-Yield Savings Account Comparison

Chase 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 17, 2025

Chase Bank

Chase Savings℠

0.01%
APY
Dec 17, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person Access
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$5
Compound FreqMonthly
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 628)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.6
BBB Rating
A-(Not BBB Accredited)

Important Note

APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.

Rate Stability

Very StableNo rate changes in last 90 days
Read Bank Overview

Varo Bank

High-Yield Savings Account

Up to
5.00%
APY
Dec 16, 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 FreqDaily
Direct DepositRequired (Min. $1,000/month)
Deposit InsuranceFDIC Insured(Cert: 59190)
EligibilityUnited States
Mobile Ratings
iOS:4.9Android: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

Comparison Analysis

Comparing Chase Bank vs. Varo Bank

Updated: Dec 17, 2025

As of Chase Bank offers an APY of 0.01% for its Chase Savings℠ account, with a minimum balance of $0, compared to Varo Bank's 5.00% APY for its High-Yield Savings Account, with a minimum balance of $0.01.

Varo Bank pays $374 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while Varo Bank pays $375 (with an effective APY of 3.75%) - an APY advantage for Varo Bank.

Why Chase Bank?

  • ✓No checking account or direct deposit required

Why Varo Bank?

  • ✓Higher potential APY (5.00% vs 0.01%) on all balances

— Key Feature Differences —

Better Returns at $10,000
Varo Bank

Varo Bank's High-Yield Savings Account earns more on smaller deposits (approx. $375 vs $1/yr).

Better Returns at $25,000
Varo Bank

Varo Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $750 vs $3/yr).

Best for All-in-One Banking
Varo Bank

Varo Bank's High-Yield Savings Account pays a superior APY for customers who also open a checking account.

Shared Benefits

Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers
The Bottom Line on APY (Interest Only)

Over a 1-year period, Varo Bank's High-Yield Savings Account pays $374 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.

*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.

Chase BankVaro Bank
Automated Data Audit

Executive Summary

Varo Bank offers a High-Yield Savings Account with an impressive APY of 5.00% on balances up to $5,000, making it the clear winner in this comparison. This account requires a Varo bank account and a minimum direct deposit of $1,000 per month. For amounts above $5,000, the APY drops to 2.50%. In contrast, Chase Bank's Chase Savings℠ provides a much lower APY of 0.01%, with a $5 monthly maintenance fee that can be waived under certain conditions. While Chase does not require direct deposit, it does not match the high returns available through Varo Bank.

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.

ExploreChase BankExploreVaro Bank

Chase Bank vs. Varo Bank Savings Calculator

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

You earn $374 more with Varo Bank than Chase Bank on a $10,000 initial deposit for 1 year*.

*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.

Chase Bank

Chase Savings℠

0.01% APY

Savings Breakdown

  • Interest Earned
    +$1.00(0.0%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,001.00

Effective APY
0.01%
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
    +$375.00(3.6%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,375.00

Effective APY
3.75%
View Details

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

FeatureChase BankVaro Bank
APY
0.01%
Verified: 12/17/2025
Stable (90d)
5.00%
Range: 2.50% - 5.00%
Verified: 12/16/2025
Stable (90d)
Product NameChase Savings℠High-Yield Savings Account
Minimum Deposit$0$0
Min. Balance for APY$0$0.01
Monthly Fee$5$0
Branch AccessYesNone
Account Type
Online & Branches
Online Only
Direct Deposit Req.None
RequiredMin. $1,000/month
Checking BundleNo Yes
Mobile Apps
iOS4.8
Android4.6
iOS4.9
Android4.6
BBB RatingA-A
Important NotesAPY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.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

📈 Compare Savings Rates Over Time

Historical Performance

Last 11 Months Analysis
MetricChase BankVaro Bank
Chase Savings℠High-Yield Savings Account
Current APY
0.01%5.00%
Trend
 Stable Stable
Velocity (bps/mo)
0.00.0
Days Since Change
322322
11-Month High
0.01%5.00%
11-Month Low
0.01%5.00%
Adjustments / Mo
0.000.00
Volatility Score
0.0000.000
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 323-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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APY
vs Chase Bank
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4.40%
APY
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4.35%
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Compare Varo Bank vs...

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
3.75%
APY

More Comparisons

Compare Chase Bank's APY of 0.01% with other banks
Bank PairCompetitor APYMin Deposit
Chase Bank vs Affirm3.60%$0
Chase Bank vs Ally Bank3.30%$0
Chase Bank vs American Express3.40%$0
Chase Bank vs Axos Bank4.31%$0
Chase Bank vs Bank of America0.01%$100
Chase Bank vs Barclays4.00%$0
Chase Bank vs Bask Bank3.90%$0
Chase Bank vs Betterment3.25%$10
Chase Bank vs BMO Alto3.25%$0
Chase Bank vs Bread Savings4.10%$100
Chase Bank vs BrioDirect3.75%$5,000
Chase Bank vs Capital One3.40%$0
Chase Bank vs Charles Schwab Bank0.15%$0
Chase Bank vs Chime3.50%$0
Chase Bank vs CIT Bank3.75%$100
Chase Bank vs Citibank3.30%$0
Chase Bank vs Citizens Access™3.15%$0.01
Chase Bank vs Climate First Bank4.21%$50
Chase Bank vs Discover Bank3.40%$0
Chase Bank vs E*TRADE from Morgan Stanley3.50%$0
Chase Bank vs Elevault3.82%$0
Chase Bank vs EverBank4.05%$0
Chase Bank vs Fitness Bank4.75%$100
Chase Bank vs FNBO Direct3.00%$1
Chase Bank vs Forbright Bank4.00%$0
Chase Bank vs FVCbank3.85%$500
Chase Bank vs GO2bank4.50%$0
Chase Bank vs Ivy Bank4.10%$2,500
Chase Bank vs LendingClub4.00%$0
Chase Bank vs Marcus by Goldman Sachs3.65%$0
Chase Bank vs Neighbors Bank4.30%$0
Chase Bank vs Newtek Bank4.35%$0.01
Chase Bank vs Openbank4.20%$500
Chase Bank vs Peak Bank4.20%$100
Chase Bank vs Pibank4.60%$0
Chase Bank vs PNC3.30%$0
Chase Bank vs Presidential Bank3.75%$5,000
Chase Bank vs Quontic Bank3.75%$100
Chase Bank vs Salem Five Direct3.61%$10
Chase Bank vs Sallie Mae Bank3.90%$0
Chase Bank vs Santander Bank0.01%$25
Chase Bank vs SoFi Bank4.30%$0
Chase Bank vs Synchrony Bank3.65%$0
Chase Bank vs TD Bank2.75%$0
Chase Bank vs TIMBR4.40%$1,000
Chase Bank vs UFB Direct3.60%$5000
Chase Bank vs Upgrade3.05%$0
Chase Bank vs Valley Direct4.00%$1,000
Chase Bank vs Vio Bank4.16%$100
Chase Bank vs Wealthfront4.15%$0
Chase Bank vs Wells Fargo0.05%$25
Chase Bank vs Zynlo Bank4.05%$10
Compare Varo Bank's APY of 5.00% with other banks
Bank PairCompetitor APYMin Deposit
Varo Bank vs Affirm3.60%$0
Varo Bank vs Ally Bank3.30%$0
Varo Bank vs American Express3.40%$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 Bask Bank3.90%$0
Varo Bank vs Betterment3.25%$10
Varo Bank vs BMO Alto3.25%$0
Varo Bank vs Bread Savings4.10%$100
Varo Bank vs BrioDirect3.75%$5,000
Varo Bank vs Capital One3.40%$0
Varo Bank vs Charles Schwab Bank0.15%$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 Discover Bank3.40%$0
Varo Bank vs E*TRADE from Morgan Stanley3.50%$0
Varo Bank vs Elevault3.82%$0
Varo Bank vs EverBank4.05%$0
Varo Bank vs Fitness Bank4.75%$100
Varo Bank vs FNBO Direct3.00%$1
Varo Bank vs Forbright Bank4.00%$0
Varo Bank vs FVCbank3.85%$500
Varo Bank vs GO2bank4.50%$0
Varo Bank vs Ivy Bank4.10%$2,500
Varo Bank vs LendingClub4.00%$0
Varo Bank vs Marcus by Goldman Sachs3.65%$0
Varo Bank vs Neighbors Bank4.30%$0
Varo Bank vs Newtek Bank4.35%$0.01
Varo Bank vs Openbank4.20%$500
Varo Bank vs Peak Bank4.20%$100
Varo Bank vs Pibank4.60%$0
Varo Bank vs PNC3.30%$0
Varo Bank vs Presidential Bank3.75%$5,000
Varo Bank vs Quontic Bank3.75%$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 Bank4.30%$0
Varo Bank vs Synchrony Bank3.65%$0
Varo Bank vs TD Bank2.75%$0
Varo Bank vs TIMBR4.40%$1,000
Varo Bank vs UFB Direct3.60%$5000
Varo Bank vs Upgrade3.05%$0
Varo Bank vs Valley Direct4.00%$1,000
Varo Bank vs Vio Bank4.16%$100
Varo Bank vs Wealthfront4.15%$0
Varo Bank vs Wells Fargo0.05%$25
Varo Bank vs Zynlo Bank4.05%$10