UFB Direct vs. Varo Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
UFB Direct
UFB Checking and Savings Bundle
Up to3.60%APYDec 17, 2025FDIC InsuredHigh MinimumDirect Deposit ReqChecking BundleGreat iOS AppGreat Android AppRange: 3.40% – 3.60%Show Fine Print & Trends Hide Details
UFB Direct
UFB Checking and Savings Bundle
Varo Bank
High-Yield Savings Account
Up to5.00%APYDec 16, 2025FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 2.50% – 5.00%Show Fine Print & Trends Hide Details
Varo Bank
High-Yield Savings Account
Comparison Analysis
Comparing UFB Direct vs. Varo Bank
As of UFB Direct offers an APY of 3.60% for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000, compared to Varo Bank's 5.00% APY for its High-Yield Savings Account, with a minimum balance of $0.01.
Varo Bank pays $15 more than UFB Direct on a $10,000 balance after one year. UFB Direct pays $360, while Varo Bank pays $375 (with an effective APY of 3.75%) - an APY advantage for Varo Bank.
In addition, UFB Direct also offers 3.40% APY for the UFB Portfolio Savings account, with a minimum balance of $0.
Why UFB Direct?
- ✓Offers 2.00% APY on Checking Account in addition to the savings APY
- ✓Access to over 90,000 fee-free ATMs
- ✓Offers 2 different high-yield savings options
Why Varo Bank?
- ✓Higher potential APY (5.00% vs 3.40%-3.60%) on balances up to $5,000 (requires checking bundle & direct deposit)
— Key Feature Differences —
Better Returns at $10,000
Varo BankVaro Bank's High-Yield Savings Account earns more on smaller deposits (approx. $375 vs $360/yr).
Better Returns at $25,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle pulls ahead with larger amounts (approx. $900 vs $750/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.40% APY with no bundling, direct deposit requirement or caps.
Requires Banking Relationship
Both banks require a checking account bundle and qualifying requirements to access their highest rates.
Shared Benefits
Over a 1-year period, Varo Bank's High-Yield Savings Account pays $15 more interest on a $10,000 balance than UFB Direct's UFB Checking and Savings Bundle.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Varo Bank offers a High-Yield Savings Account with a competitive APY of 5.00% on balances up to $5,000, making it the top choice for those who can meet the direct deposit requirement of $1,000 per month. In contrast, UFB Direct's UFB Portfolio Savings provides a solid APY of 3.40% with no direct deposit or balance requirements, appealing to those seeking simplicity. However, for customers looking to maximize their returns with higher deposits, UFB Direct's UFB Checking and Savings Bundle can yield up to 3.60% APY, but it necessitates a checking account and specific conditions. Both banks operate online only.
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.
Looking for Simplicity?
Don't want a checking bundle? We track many high-yield banks that offer competitive rates without checking requirements.
UFB Direct vs. Varo Bank Savings Calculator
You earn $15 more with Varo Bank than UFB Direct 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.
UFB Direct
UFB Checking and Savings Bundle
Savings Breakdown
- Interest Earned+$360.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,360.00
Sponsored Link
Varo Bank
High-Yield Savings Account
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
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | UFB Direct | Varo Bank |
|---|---|---|
| APY | 3.60% Range: 3.40% - 3.60% Verified: 12/17/2025 ↘︎ 0.50%90d Change | 5.00% Range: 2.50% - 5.00% Verified: 12/16/2025 Stable (90d) |
| Product Name | UFB Checking and Savings Bundle | High-Yield Savings Account |
| Minimum Deposit | $5000 | $0 |
| Min. Balance for APY | $10,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | Required | RequiredMin. $1,000/month |
| Checking Bundle | Yes | Yes |
| Mobile Apps | iOS4.8 Android4.3 | iOS4.9 Android4.6 |
| BBB Rating | A+ | A |
| Important Notes | The regular savings or money market APY may be boosted up to 3.60% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. | 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 | SponsoredOpen Account |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | UFB Direct | Varo Bank | |
|---|---|---|---|
| UFB Checking and Savings Bundle | UFB Portfolio Savings | High-Yield Savings Account | |
Current APY | 3.60% | 3.40% | 5.00% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -5.5 | -4.9 | 0.0 |
Days Since Change | 6 | 6 | 329 |
11-Month High | 4.21% | 4.01% | 5.00% |
11-Month Low | 3.60% | 3.40% | 5.00% |
Adjustments / Mo | 0.36 | 0.36 | 0.00 |
Volatility Score | 0.052 | 0.053 | 0.000 |
How to read these metrics(Click to expand)
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