Quontic Bank vs. Varo Money
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Quontic Bank vs. Varo Bank
Key Metrics at a Glance
| Feature | Quontic Bank | Varo Bank |
|---|---|---|
| Top Savings APY | 3.75% High Yield Savings | 5.00% High-Yield Savings Account |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $0 | $0.01 |
| Note | Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. Direct deposit required. |
Quontic Bank
Strengths
- Quontic Bank offers a competitive APY of 3.75%.
- No minimum balance requirement for High Yield Savings account.
- Quontic Bank has an excellent App Store rating of 4.8.
Potential Drawbacks
- Quontic Bank is not BBB Accredited.
- No direct deposit option available for the High Yield Savings account.
- Lacks physical branches for banking services.
Varo Bank
Strengths
- Varo Bank offers a high APY of 5.00% with conditions.
- Varo Bank is BBB Accredited, enhancing trustworthiness.
- Varo Bank has a strong App Store rating of 4.9.
Potential Drawbacks
- A direct deposit of $1,000/month is required to earn the highest APY.
- Higher APY of 5.00% applies only to the first $5,000.
- Varo Bank's Google Play rating is lower at 4.6.
→ As of 11/12/2025 both Quontic Bank (High Yield Savings) 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.
Calculate Savings Growth for Quontic Bank vs Varo Bank
Quontic Bank - High Yield Savings
Total savings breakdown:
- Interest earned: $2,273.8 (11.22%)
- Total contributions: $13,000 (64.12%)
- Initial deposit: $5,000 (24.66%)
Your total balance
$20,273.80
Total balance: $20,273.8
Earnings: $2,273.8
Bank OverviewVaro Bank - High-Yield Savings Account
ℹ️You earn 5.00% on the first $5,000 and 2.50% on the rest.
Total savings breakdown:
- Interest earned: $2,211.4 (10.94%)
- Total contributions: $13,000 (64.32%)
- Initial deposit: $5,000 (24.74%)
Your total balance
$20,211.40
Total balance: $20,211.4
Earnings: $2,211.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Quontic Bank's total earnings would be $62.4 higher than Varo Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Quontic Bank's vs Varo Bank's Savings Accounts
| Quontic Bank | Varo Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | High-Yield Savings Account |
| APY | 3.75% (as of 11/12/2025) | 2.50% - 5.00% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $100 | $0 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | Yes. Min. $1,000/month | |
| Note | Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. Direct deposit required. | ||
| App Store Rating | 4.8/5 | 4.9/5 | |
| Google Play Rating | 4.8/5 | 4.6/5 | |
| BBB Rating | A+ | A |
Comparative Historical APY Insights (Last 10 Months)
| Quontic Bank | Varo Bank | ||
|---|---|---|---|
| Product | High Yield Savings | vs | High-Yield Savings Account |
| Latest APY | 3.75 % | 5.00 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -1.5 | 0.0 | |
| Rate Changes / Mo | 0.10 | 0.00 | |
| Days Since Last Change | 139 | 294 | |
| High (-10 m) | 3.85 % | 5.00 % | |
| Low (-10 m) | 3.75 % | 5.00 % | |
| Draw-down from High | -2.6 % | 0.0 % | |
| Volatility (CV) | 0.013 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-10 m)
- Highest APY in the last 295 days.
- Low (-10 m)
- Lowest APY in the last 295 days.
- Draw-down from High
- How far today sits below the 10-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.