Varo Money vs. Zynlo Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Varo Bank vs. Zynlo Bank
Key Metrics at a Glance
| Feature | Varo Bank | Zynlo Bank |
|---|---|---|
| Top Savings APY | 5.00% High-Yield Savings Account | 4.20% Tomorrow Savings Account |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0.01 | $0.01 |
| Note | Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. Direct deposit required. |
Varo Bank
Strengths
- Varo Bank offers a higher APY of 5.00% on savings compared to Zynlo Bank's 4.20%.
- Varo Bank has a higher App Store rating of 4.9 versus Zynlo Bank's 4.0.
- Varo Bank has a lower maintenance fee structure with no fees.
Potential Drawbacks
- Varo Bank requires a direct deposit of $1,000/month to earn the advertised APY.
- Varo Bank's BBB rating is A-, while Zynlo Bank has a better rating of A+.
- Varo Bank has no physical branches, similar to Zynlo Bank.
Zynlo Bank
Strengths
- Zynlo Bank does not require a direct deposit to earn interest on savings.
- Zynlo Bank's APY was recently 4.35%, though it has decreased to 4.20%.
Potential Drawbacks
- Zynlo Bank offers a lower APY of 4.20% compared to Varo Bank's 5.00%.
- Zynlo Bank has a lower Google Play rating of 3.5 compared to Varo Bank's 4.6.
- Zynlo Bank is not BBB accredited, unlike Varo Bank.
→ As of October 21, 2025 Varo Bank offers an APY of 5.00% for its High-Yield Savings Account, with a minimum balance of $0.01, compared to Zynlo Bank's 4.20% APY for its Tomorrow Savings Account, with a minimum balance of $0.01.
→ Zynlo Bank yields $45 more than Varo Bank on a $10,000 balance after one year. Varo Bank pays $375 (with an effective APY of 3.75%), while Zynlo Bank pays $420 - an APY advantage for Zynlo Bank.
Calculate Savings Growth for Varo Bank vs Zynlo Bank
Varo 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 OverviewZynlo Bank - Tomorrow Savings Account
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Varo Bank's total earnings would be $352.9 lower than Zynlo Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Varo Bank's vs Zynlo Bank's Savings Accounts
| Varo Bank | Zynlo Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Tomorrow Savings Account |
| APY | 2.50% - 5.00% (as of 10/21/2025) | 4.20% (as of 10/21/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $10 | |
| Minimum Balance for APY | $0.01 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | Yes. Min. $1,000/month | No | |
| Note | Earn 5.00% APY on up to $5,000 and 2.50% APY on the rest. Direct deposit required. | ||
| App Store Rating | 4.9/5 | 4.0/5 | |
| Google Play Rating | 4.6/5 | 3.5/5 | |
| BBB Rating | A- | A+ |
Comparative Historical APY Insights (Last 7 Months)
| Varo Bank | Zynlo Bank | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Tomorrow Savings Account |
| Latest APY | 5.00 % | 4.20 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -0.7 | |
| Rate Changes / Mo | 0.00 | 0.14 | |
| Days Since Last Change | 218 | 12 | |
| High (-7 m) | 5.00 % | 4.35 % | |
| Low (-7 m) | 5.00 % | 4.20 % | |
| Draw-down from High | 0.0 % | -3.4 % | |
| Volatility (CV) | 0.000 | 0.008 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 219 days.
- Low (-7 m)
- Lowest APY in the last 219 days.
- Draw-down from High
- How far today sits below the 7-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.