High-Yield Savings Account Comparison

FVCbank 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.

FVCbank

Advantage Direct Savings

3.85%

APY

Dec 6, 2025

FDIC InsuredLow MinimumsGreat iOS App

Show Fine Print & Trends

Min. Deposit	$500
Min. Balance	$500
Maintenance Fee	$0
Compound Freq	N/A
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 58696)
Eligibility	United States
Mobile Ratings	iOS:4.4 Android:3.6
BBB Rating	B-(Not BBB Accredited)

Rate Stability

Rate Adjusted

-0.50%

Since 90 days ago

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 FVCbank vs. Varo Bank

Updated: Dec 6, 2025

Why FVCbank?

✓No checking account or direct deposit required

Why Varo Bank?

✓Higher potential APY (5.00% vs 3.85%) on balances up to $5,000 (requires checking bundle & direct deposit)
✓Higher rated iOS app (4.9 vs 4.4)
✓Higher rated Android app (4.6 vs 3.6)

— Key Feature Differences —

Better Returns at $10,000

FVCbank

FVCbank's Advantage Direct Savings earns more on smaller deposits (approx. $385 vs $375/yr).

Better Returns at $25,000

FVCbank

FVCbank's Advantage Direct Savings pulls ahead with larger amounts (approx. $963 vs $750/yr).

Best for Simplicity

FVCbank

FVCbank's Advantage Direct Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience

Varo Bank

Varo Bank offers an iOS app rated 4.9 (vs. 4.4) and Android app rated 4.6 (vs. 3.6)

Shared Benefits

Both offer monthly maintenance-free account options Available Nationwide Available to New & Existing Customers

The Bottom Line

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

Varo BankFVCbank

Automated Data Audit

Executive Summary

Varo Bank's High-Yield Savings Account leads with a 5.00% APY, offering an attractive rate on deposits up to $5,000, while providing a lower rate of 2.50% on amounts exceeding that limit. However, eligibility requires a Varo bank account and a minimum direct deposit of $1,000 per month. In contrast, FVCbank's Advantage Direct Savings offers a solid 3.85% APY with no direct deposit requirement or caps, making it a simpler option for savers. Both accounts are online-only and have no maintenance fees, but Varo Bank's higher yield makes it the winner based on the provided data.

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.

ExploreFVCbank ExploreVaro Bank

Feature	FVCbank	Varo Bank
APY	3.85% Verified: 12/6/2025 ↘︎ 0.50%90d Change	5.00% Range: 2.50% - 5.00% Verified: 12/5/2025 Stable (90d)
Product Name	Advantage Direct Savings	High-Yield Savings Account
Minimum Deposit	$500	$0
Min. Balance for APY	$500	$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	iOS4.4 Android3.6	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

FVCbank earns $126.6 more than Varo Bank.

FVCbank

Advantage Direct Savings

3.85% APY

Savings Breakdown

Interest Earned
+$2,338.00(11.5%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,338.00

Effective APY

3.85%

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 9 Months Analysis

Metric	FVCbank	Varo Bank
	Advantage Direct Savings	High-Yield Savings Account
Current APYMost recent advertised annual-percentage yield.	3.85%	5.00%
TrendDirection over the last 9 months (regression slope).	Stable	Stable
Velocity (bps/mo)Average monthly change; 10 bps = 0.10 pp.	-8.3	0.0
Days Since ChangeRecency of the latest APY adjustment.	35	261
9-Month HighHighest APY in the last 262 days.	4.55%	5.00%
9-Month LowLowest APY in the last 262 days.	3.85%	5.00%
Adjustments / MoTypical number of APY moves per month.	0.92	0.00
Volatility ScoreCoefficient of variation (stdev ÷ mean). Lower is more stable.	0.056	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 262-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

Neighbors BankNo Bundle Req

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 FVCbank's APY of 3.85% with other banks

Bank Pair	Competitor APY	Min Deposit
FVCbank vs Ally Bank	3.30%	$0
FVCbank vs American Express	3.40%	$0
FVCbank vs Axos Bank	4.31%	$0
FVCbank vs Bank of America	0.01%	$100
FVCbank vs Barclays	4.00%	$0
FVCbank vs Bask Bank	3.90%	$0
FVCbank vs BMO Alto	3.25%	$0
FVCbank vs BrioDirect	4.00%	$5,000
FVCbank vs Capital One	3.40%	$0
FVCbank vs Chase Bank	0.01%	$0
FVCbank vs Chime	3.50%	$0
FVCbank vs CIT Bank	3.75%	$100
FVCbank vs Citibank	3.30%	$0
FVCbank vs Citizens Access™	3.35%	$0.01
FVCbank vs Climate First Bank	4.21%	$50
FVCbank vs Discover Bank	3.40%	$0
FVCbank vs Elevault	4.08%	$0
FVCbank vs EverBank	4.05%	$0
FVCbank vs Fitness Bank	4.75%	$100
FVCbank vs FNBO Direct	3.00%	$1
FVCbank vs Forbright Bank	4.00%	$0
FVCbank vs GO2bank	4.50%	$0
FVCbank vs Ivy Bank	4.25%	$2,500
FVCbank vs LendingClub	4.20%	$0
FVCbank vs Marcus by Goldman Sachs	3.65%	$0
FVCbank vs Neighbors Bank	4.50%	$0
FVCbank vs Newtek Bank	4.35%	$0.01
FVCbank vs Openbank	4.20%	$500
FVCbank vs Peak Bank	4.20%	$100
FVCbank vs Pibank	4.60%	$0
FVCbank vs PNC	3.53%	$0
FVCbank vs Presidential Bank	4.00%	$5,000
FVCbank vs Quontic Bank	3.75%	$100
FVCbank vs Salem Five Direct	3.71%	$10
FVCbank vs Santander Bank	0.01%	$25
FVCbank vs SoFi Bank	4.30%	$0
FVCbank vs Synchrony Bank	3.65%	$0
FVCbank vs TIMBR	4.40%	$1,000
FVCbank vs UFB Direct	3.71%	$5000
FVCbank vs Valley Direct	4.10%	$1,000
FVCbank vs Vio Bank	4.16%	$100
FVCbank vs Wealthfront	4.15%	$0
FVCbank vs Wells Fargo	0.05%	$25
FVCbank 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 Bask Bank	3.90%	$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 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