High-Yield Savings Account Comparison

Valley Direct 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.

Valley Direct

High-Yield Savings Account

Up to

4.10%

APY

Dec 6, 2025

FDIC InsuredLow MinimumsGreat iOS AppGreat Android App

Range: 3.50% – 4.10%

Show Fine Print & Trends

Min. Deposit	$1,000
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	Daily
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 9396)
Eligibility	The advertised rate is restricted to new customers. Existing Valley Bank or Valley Direct customers may this savings account with a somewhat lower rate.
Mobile Ratings	iOS:4.8 Android:4.5
BBB Rating	A+(Not BBB Accredited)

Important Note

Promo rate for new customers. 3.50% APY applies to existing customers.

Rate Stability

Rate Adjusted

-0.20%

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 Valley Direct vs. Varo Bank

Updated: Dec 6, 2025

Why Valley Direct?

✓No checking account or direct deposit required

Why Varo Bank?

✓Higher potential APY (5.00% vs 4.10%) on balances up to $5,000 (requires checking bundle & direct deposit)
✓Available to New & Existing Customers

— Key Feature Differences —

Better Returns at $10,000

Valley Direct

Valley Direct's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $375/yr).

Better Returns at $25,000

Valley Direct

Valley Direct's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 vs $750/yr).

Best for Simplicity

Valley Direct

Valley Direct's High-Yield Savings Account offers 4.10% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Both offer monthly maintenance-free account options Available Nationwide

The Bottom Line

Over a 1-year period, Valley Direct's High-Yield Savings Account pays $35 more interest on a $10,000 balance than Varo Bank's High-Yield Savings Account.

Varo BankValley Direct

Automated Data Audit

Executive Summary

Varo Bank offers a High-Yield Savings Account with a competitive 5.00% APY on balances up to $5,000, making it the winner in this comparison. However, it requires a Varo bank account and a minimum direct deposit of $1,000 per month. In contrast, Valley Direct provides a High-Yield Savings Account with a 4.10% APY, available to new customers without any direct deposit requirement, although existing customers receive a lower rate of 3.50%. Both accounts are online-only and have no maintenance fees, but Varo's higher yield on limited balances positions it as the more lucrative option.

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.

ExploreValley Direct ExploreVaro Bank

Feature	Valley Direct	Varo Bank
APY	4.10% Range: 3.50% - 4.10% Verified: 12/6/2025 ↘︎ 0.20%90d Change	5.00% Range: 2.50% - 5.00% Verified: 12/5/2025 Stable (90d)
Product Name	High-Yield Savings Account	High-Yield Savings Account
Minimum Deposit	$1,000	$0
Min. Balance for APY	$0.01	$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	iOS4.8 Android4.5	iOS4.9 Android4.6
BBB Rating	A+	A
Important Notes	Promo rate for new customers. 3.50% APY applies to existing customers.	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

Valley Direct earns $288 more than Varo Bank.

Valley Direct

High-Yield Savings Account

4.10% APY

Savings Breakdown

Interest Earned
+$2,499.40(12.2%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,499.40

Effective APY

4.10%

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 12 Months Analysis

Metric	Valley Direct	Varo Bank
	High-Yield Savings Account	High-Yield Savings Account
Current APYMost recent advertised annual-percentage yield.	4.10%	5.00%
TrendDirection over the last 12 months (regression slope).	Stable	Stable
Velocity (bps/mo)Average monthly change; 10 bps = 0.10 pp.	1.9	0.0
Days Since ChangeRecency of the latest APY adjustment.	71	352
12-Month HighHighest APY in the last 354 days.	4.55%	5.00%
12-Month LowLowest APY in the last 354 days.	3.75%	5.00%
Adjustments / MoTypical number of APY moves per month.	0.68	0.00
Volatility ScoreCoefficient of variation (stdev ÷ mean). Lower is more stable.	0.049	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 354-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.

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Comparing against other Bundled Accounts

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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 Valley Direct's APY of 4.10% with other banks

Bank Pair	Competitor APY	Min Deposit
Valley Direct vs Ally Bank	3.30%	$0
Valley Direct vs American Express	3.40%	$0
Valley Direct vs Axos Bank	4.31%	$0
Valley Direct vs Bank of America	0.01%	$100
Valley Direct vs Barclays	4.00%	$0
Valley Direct vs Bask Bank	3.90%	$0
Valley Direct vs BMO Alto	3.25%	$0
Valley Direct vs BrioDirect	4.00%	$5,000
Valley Direct vs Capital One	3.40%	$0
Valley Direct vs Chase Bank	0.01%	$0
Valley Direct vs Chime	3.50%	$0
Valley Direct vs CIT Bank	3.75%	$100
Valley Direct vs Citibank	3.30%	$0
Valley Direct vs Citizens Access™	3.35%	$0.01
Valley Direct vs Climate First Bank	4.21%	$50
Valley Direct vs Discover Bank	3.40%	$0
Valley Direct vs Elevault	4.08%	$0
Valley Direct vs EverBank	4.05%	$0
Valley Direct vs Fitness Bank	4.75%	$100
Valley Direct vs FNBO Direct	3.00%	$1
Valley Direct vs Forbright Bank	4.00%	$0
Valley Direct vs FVCbank	3.85%	$500
Valley Direct vs GO2bank	4.50%	$0
Valley Direct vs Ivy Bank	4.25%	$2,500
Valley Direct vs LendingClub	4.20%	$0
Valley Direct vs Marcus by Goldman Sachs	3.65%	$0
Valley Direct vs Neighbors Bank	4.50%	$0
Valley Direct vs Newtek Bank	4.35%	$0.01
Valley Direct vs Openbank	4.20%	$500
Valley Direct vs Peak Bank	4.20%	$100
Valley Direct vs Pibank	4.60%	$0
Valley Direct vs PNC	3.53%	$0
Valley Direct vs Presidential Bank	4.00%	$5,000
Valley Direct vs Quontic Bank	3.75%	$100
Valley Direct vs Salem Five Direct	3.71%	$10
Valley Direct vs Santander Bank	0.01%	$25
Valley Direct vs SoFi Bank	4.30%	$0
Valley Direct vs Synchrony Bank	3.65%	$0
Valley Direct vs TIMBR	4.40%	$1,000
Valley Direct vs UFB Direct	3.71%	$5000
Valley Direct vs Vio Bank	4.16%	$100
Valley Direct vs Wealthfront	4.15%	$0
Valley Direct vs Wells Fargo	0.05%	$25
Valley Direct 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 FVCbank	3.85%	$500
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 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