High-Yield Savings Account Comparison

Climate First 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.

Climate First Bank

Super Duper Savings Account

4.21%
APY
Dec 6, 2025
FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person Access
Show Fine Print & Trends
Min. Deposit$50
Min. Balance$0
Maintenance Fee$0, if electronic statements selected, otherwise $5
Compound FreqN/A
Direct DepositNot required
Branch Access3 locations in Florida (St. Petersburg, Mount Dora, Winter Park), and one coming soon in Orlando, FL
Deposit InsuranceFDIC Insured(Cert: 59257)
EligibilityUnited States
Mobile Ratings
iOS:4.9Android:4.4
BBB Rating
A-(Not BBB Accredited)

Rate Stability

StableNo rate changes in last 7 days
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 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 Climate First Bank vs. Varo Bank

Updated: Dec 6, 2025

Why Climate First Bank?

  • ✓No checking account or direct deposit required
  • ✓Physical branch access (3 locations in Florida (St. Petersburg, Mount Dora, Winter Park), and one coming soon in Orlando, FL)

Why Varo Bank?

  • ✓Higher potential APY (5.00% vs 4.21%) on balances up to $5,000 (requires checking bundle & direct deposit)

— Key Feature Differences —

Better Returns at $10,000
Climate First Bank

Climate First Bank's Super Duper Savings Account earns more on smaller deposits (approx. $421 vs $375/yr).

Better Returns at $25,000
Climate First Bank

Climate First Bank's Super Duper Savings Account pulls ahead with larger amounts (approx. $1053 vs $750/yr).

Best for Simplicity
Climate First Bank

Climate First Bank's Super Duper Savings Account offers 4.21% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Climate First Bank's Super Duper Savings Account pays $46 more interest on a $10,000 balance than Varo Bank's High-Yield Savings Account.

Varo BankClimate First Bank
Automated Data Audit

Executive Summary

Varo Bank's High-Yield Savings Account offers a competitive 5.00% APY on deposits up to $5,000, with a lower rate of 2.50% for amounts exceeding that limit. However, it requires a Varo bank account and a minimum direct deposit of $1,000 per month. In contrast, Climate First Bank's Super Duper Savings Account provides a straightforward 4.21% APY with no direct deposit requirements and no caps, making it an appealing option for those seeking simplicity. Both accounts have no maintenance fees and low minimum deposit requirements, but Varo's eligibility restrictions may limit accessibility for some customers.

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.

ExploreClimate First BankExploreVaro Bank
FeatureClimate First BankVaro Bank
APY
4.21%
Verified: 12/6/2025
-
5.00%
Range: 2.50% - 5.00%
Verified: 12/5/2025
Stable (90d)
Product NameSuper Duper Savings AccountHigh-Yield Savings Account
Minimum Deposit$50$0
Min. Balance for APY$0$0.01
Monthly Fee$0, if electronic statements selected, otherwise $5$0
Branch AccessYesNone
Account Type
Online & Branches
Online Only
Direct Deposit Req.None
RequiredMin. $1,000/month
Checking BundleNo Yes
Mobile Apps
iOS4.9
Android4.4
iOS4.9
Android4.6
BBB RatingA-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.
$
$

Climate First Bank earns $359.4 more than Varo Bank.

Climate First Bank

Super Duper Savings Account

4.21% APY

Savings Breakdown

  • Interest Earned
    +$2,570.80(12.5%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,570.80

Effective APY
4.21%
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 1 Month Analysis
MetricClimate First BankVaro Bank
Super Duper Savings AccountHigh-Yield Savings Account
Current APY
4.21%5.00%
Trend
 Stable Stable
Velocity (bps/mo)
0.00.0
Days Since Change
1111
1-Month High
4.21%5.00%
1-Month Low
4.21%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 12-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

Compare Climate First Bank vs...

Comparing against Standard Savings

vs Climate First Bank
PibankNo Bundle Req
4.60%
APY
vs Climate First Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Climate First Bank
TIMBRNo Bundle Req
4.40%
APY

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
4.00%
APY

More Comparisons

Compare Climate First Bank's APY of 4.21% with other banks
Bank PairCompetitor APYMin Deposit
Climate First Bank vs Ally Bank3.30%$0
Climate First Bank vs American Express3.40%$0
Climate First Bank vs Axos Bank4.31%$0
Climate First Bank vs Bank of America0.01%$100
Climate First Bank vs Barclays4.00%$0
Climate First Bank vs Bask Bank3.90%$0
Climate First Bank vs BMO Alto3.25%$0
Climate First Bank vs BrioDirect4.00%$5,000
Climate First Bank vs Capital One3.40%$0
Climate First Bank vs Chase Bank0.01%$0
Climate First Bank vs Chime3.50%$0
Climate First Bank vs CIT Bank3.75%$100
Climate First Bank vs Citibank3.30%$0
Climate First Bank vs Citizens Access™3.35%$0.01
Climate First Bank vs Discover Bank3.40%$0
Climate First Bank vs Elevault4.08%$0
Climate First Bank vs EverBank4.05%$0
Climate First Bank vs Fitness Bank4.75%$100
Climate First Bank vs FNBO Direct3.00%$1
Climate First Bank vs Forbright Bank4.00%$0
Climate First Bank vs FVCbank3.85%$500
Climate First Bank vs GO2bank4.50%$0
Climate First Bank vs Ivy Bank4.25%$2,500
Climate First Bank vs LendingClub4.20%$0
Climate First Bank vs Marcus by Goldman Sachs3.65%$0
Climate First Bank vs Neighbors Bank4.50%$0
Climate First Bank vs Newtek Bank4.35%$0.01
Climate First Bank vs Openbank4.20%$500
Climate First Bank vs Peak Bank4.20%$100
Climate First Bank vs Pibank4.60%$0
Climate First Bank vs PNC3.53%$0
Climate First Bank vs Presidential Bank4.00%$5,000
Climate First Bank vs Quontic Bank3.75%$100
Climate First Bank vs Salem Five Direct3.71%$10
Climate First Bank vs Santander Bank0.01%$25
Climate First Bank vs SoFi Bank4.30%$0
Climate First Bank vs Synchrony Bank3.65%$0
Climate First Bank vs TIMBR4.40%$1,000
Climate First Bank vs UFB Direct3.71%$5000
Climate First Bank vs Valley Direct4.10%$1,000
Climate First Bank vs Vio Bank4.16%$100
Climate First Bank vs Wealthfront4.15%$0
Climate First Bank vs Wells Fargo0.05%$25
Climate First Bank vs Zynlo Bank4.05%$10
Compare Varo Bank's APY of 5.00% with other banks
Bank PairCompetitor APYMin Deposit
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 BMO Alto3.25%$0
Varo Bank vs BrioDirect4.00%$5,000
Varo Bank vs Capital One3.40%$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™3.35%$0.01
Varo Bank vs Discover Bank3.40%$0
Varo Bank vs Elevault4.08%$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 Bank4.25%$2,500
Varo Bank vs LendingClub4.20%$0
Varo Bank vs Marcus by Goldman Sachs3.65%$0
Varo Bank vs Neighbors Bank4.50%$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 PNC3.53%$0
Varo Bank vs Presidential Bank4.00%$5,000
Varo Bank vs Quontic Bank3.75%$100
Varo Bank vs Salem Five Direct3.71%$10
Varo Bank vs Santander Bank0.01%$25
Varo Bank vs SoFi Bank4.30%$0
Varo Bank vs Synchrony Bank3.65%$0
Varo Bank vs TIMBR4.40%$1,000
Varo Bank vs UFB Direct3.71%$5000
Varo Bank vs Valley Direct4.10%$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