Varo Bank vs. Vio Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Varo BankHigh-Yield Savings Account Jan 7, 2026 | Vio BankOnline Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 2.50% - 5.00% | 4.09% |
Est. Earnings | $5,000+$250 $10,000+$375 $25,000+$750 | $5,000+$205 $10,000+$409 $25,000+$1,023 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. A Varo bank account & direct deposit required. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDirect Deposit ReqChecking Bundle | FDIC InsuredLow MinimumsGreat iOS App |
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.
As of Varo Bank offers an APY of 5.00% for its High-Yield Savings Account, with a minimum balance of $0.01, compared to Vio Bank's 4.09% APY for its Online Savings Account, with a minimum balance of $0.
Vio Bank pays $34 more than Varo Bank on a $10,000 balance after one year. Varo Bank pays $375 (with an effective APY of 3.75%), while Vio Bank pays $409 - an APY advantage for Vio Bank.
Why Varo Bank?
- ✓Higher potential APY (5.00% vs 4.09%) on balances up to $5,000 (requires checking bundle & direct deposit)
- ✓Higher rated Android app (4.6 vs 3.4)
- ✓Fast transfers via Zelle®
Why Vio Bank?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
Vio BankVio Bank's Online Savings Account earns more on smaller deposits (approx. $409 vs $375/yr).
Better Returns at $25,000
Vio BankVio Bank's Online Savings Account pulls ahead with larger amounts (approx. $1023 vs $750/yr).
Best for Simplicity
Vio BankVio Bank's Online Savings Account offers 4.09% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Varo BankVaro Bank offers an iOS app rated 4.9 (vs. 4.6) and Android app rated 4.6 (vs. 3.4)
Shared Benefits
Over a 1-year period, Vio Bank's Online Savings Account pays $34 more interest on a $10,000 balance than Varo Bank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Varo Bank offers a High-Yield Savings Account with a competitive APY of 5.00% on deposits up to $5,000, requiring a Varo bank account and a minimum direct deposit of $1,000 per month. For amounts exceeding this cap, the APY drops to 2.50%. In contrast, Vio Bank's Online Savings Account provides an APY of 4.09% with no direct deposit requirement and a minimum deposit of $100, making it simpler for customers. While Varo Bank has a higher APY, Vio Bank's account may appeal to those seeking fewer restrictions and easier access.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
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Varo Bank vs. Vio Bank Savings Calculator
You earn $34 more with Vio Bank than Varo Bank 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.
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
Vio Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$409.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,409.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Varo Bank | Vio Bank |
|---|---|---|
| APY | 5.00% Range: 2.50% - 5.00% Verified: 1/7/2026 Stable (90d) | 4.09% Verified: 1/7/2026 - |
| Product Name | High-Yield Savings Account | Online Savings Account |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0, if electronic statements selected, otherwise $5 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | RequiredMin. $1,000/month | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.9 Android4.6 | iOS4.6 Android3.4 |
| Zelle® Support | Available Requires history of qualifying direct deposits. | Not Supported |
| BBB Rating | A | 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 | Visit SiteVerify at Varo Bank Non-sponsored link to official site | Visit SiteVerify at Vio Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Varo Bank | Vio Bank |
|---|---|---|
| High-Yield Savings Account | Online Savings Account | |
Current APY | 5.00% | 4.09% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -2.7 |
Days Since Change | 55 | 1 |
2-Month High | 5.00% | 4.21% |
2-Month Low | 5.00% | 4.09% |
Adjustments / Mo | 0.00 | 1.09 |
Volatility Score | 0.000 | 0.005 |
How to read these metrics(Click to expand)
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