Timbr vs. Varo Money
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
We earn a commission if you open an account through some links on this page.
Summary of TIMBR vs. Varo Bank
Key Metrics at a Glance
| Feature | TIMBR | Varo Bank |
|---|---|---|
| Top Savings APY | 4.40% Premium Savings Account | 5.00% High-Yield Savings Account |
| Minimum to Open | $1,000 | $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. |
TIMBR
Strengths
- TIMBR offers a competitive APY of 4.40%, unchanged from 30 days ago.
- No maintenance fees for the Premium Savings Account.
- No minimum balance requirement for the Premium Savings Account.
Potential Drawbacks
- TIMBR is not BBB accredited despite having an A+ rating.
- Direct deposit is not available for the Premium Savings Account.
Varo Bank
Strengths
- Varo Bank provides a higher APY of 5.00% for its High-Yield Savings Account.
- Varo Bank is BBB accredited with an A- rating.
- High-Yield Savings Account has no minimum deposit requirement.
Potential Drawbacks
- Direct deposit of at least $1,000/month is required for the highest APY.
- Varo Bank's APY on balances over $5,000 drops to 2.50%.
Summary: TIMBR's Premium Savings Account offers a solid APY of 4.40% with no fees or minimum balance, but lacks direct deposit options. In contrast, Varo Bank's High-Yield Savings Account provides a higher APY of 5.00% but requires direct deposit and has a lower rate for balances above $5,000. Varo is also BBB accredited, while TIMBR is not despite its higher rating.
→ As of October 21, 2025 TIMBR offers an APY of 4.40% for its Premium 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.
→ TIMBR yields $65 more than Varo Bank on a $10,000 balance after one year. TIMBR pays $440, while Varo Bank pays $375 (with an effective APY of 3.75%) - an APY advantage for TIMBR.
Calculate Savings Growth for TIMBR vs Varo Bank
All calculations are based on APY.
TIMBR - Premium Savings Account
Top APY: 4.40%
Total savings breakdown:
- Interest earned: $2,694.7 (13.02%)
- Total contributions: $13,000 (62.82%)
- Initial deposit: $5,000 (24.16%)
Your total balance
$20,694.70
Effective APY: 4.40% (based on your deposit and contributions)
Total balance: $20,694.7
Earnings: $2,694.7
Bank OverviewVaro Bank - High-Yield Savings Account
Top APY: 5.00%
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
Effective APY: 3.65% (based on your deposit and contributions)
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, TIMBR's total earnings would be $483.3 higher than Varo Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare TIMBR's vs Varo Bank's Savings Accounts
| TIMBR | Varo Bank | ||
|---|---|---|---|
| Product | Premium Savings Account | vs | High-Yield Savings Account |
| APY | 4.40% (as of 10/21/2025) | 2.50% - 5.00% (as of 10/21/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $1,000 | $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 | No | 4.9/5 | |
| Google Play Rating | No | 4.6/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 8 Months)
| TIMBR | Varo Bank | ||
|---|---|---|---|
| Product | Premium Savings Account | vs | High-Yield Savings Account |
| Latest APY | 4.40 % | 5.00 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -1.9 | 0.0 | |
| Rate Changes / Mo | 0.12 | 0.00 | |
| Days Since Last Change | 190 | 244 | |
| High (-8 m) | 4.55 % | 5.00 % | |
| Low (-8 m) | 4.40 % | 5.00 % | |
| Draw-down from High | -3.3 % | 0.0 % | |
| Volatility (CV) | 0.014 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 245 days.
- Low (-8 m)
- Lowest APY in the last 245 days.
- Draw-down from High
- How far today sits below the 8-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.
More Comparisons
Compare TIMBR's APY of 4.40% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TIMBR vs Ally Bank | 3.40% | $0 |
| TIMBR vs American Express | 3.50% | $0 |
| TIMBR vs Axos Bank | 4.51% | $0 |
| TIMBR vs Bank of America | 0.01% | $100 |
| TIMBR vs Barclays | 4.10% | $0 |
| TIMBR vs Bask Bank | 4.05% | $0 |
| TIMBR vs BrioDirect | 4.20% | $5,000 |
| TIMBR vs Capital One | 3.40% | $0 |
| TIMBR vs Chase Bank | 0.01% | $0 |
| TIMBR vs Chime | 3.50% | $0 |
| TIMBR vs CIT Bank | 3.85% | $100 |
| TIMBR vs Citizens Access™ | 3.50% | $0.01 |
| TIMBR vs Discover Bank | 3.40% | $0 |
| TIMBR vs Elevault | 4.34% | $0 |
| TIMBR vs EverBank | 4.05% | $0 |
| TIMBR vs Fitness Bank | 4.75% | $100 |
| TIMBR vs FNBO Direct | 3.00% | $1 |
| TIMBR vs FVCbank | 4.10% | $500 |
| TIMBR vs GO2bank | 4.50% | $0 |
| TIMBR vs LendingClub | 4.20% | $0 |
| TIMBR vs Marcus by Goldman Sachs | 3.65% | $0 |
| TIMBR vs Neighbors Bank | 4.50% | $0 |
| TIMBR vs Newtek Bank | 4.35% | $0 |
| TIMBR vs Peak Bank | 4.20% | $100 |
| TIMBR vs Pibank | 4.60% | $0 |
| TIMBR vs Presidential Bank | 4.50% | $5,000 |
| TIMBR vs Santander Bank | 0.01% | $25 |
| TIMBR vs SoFi Bank | 4.50% | $0 |
| TIMBR vs Synchrony Bank | 3.80% | $0 |
| TIMBR vs UFB Direct | 3.96% | $5000 |
| TIMBR vs Valley Direct | 4.10% | $1,000 |
| TIMBR vs Wells Fargo | 0.05% | $25 |
| TIMBR vs Zynlo Bank | 4.20% | $10 |