Varo Bank vs. Zynlo Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Varo BankHigh-Yield Savings Account Jan 21, 2026 | Zynlo BankTomorrow Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 2.50% - 5.00% | 3.85% |
Est. Earnings | $5,000+$250 $10,000+$375 $25,000+$750 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $10 |
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.
Comparison Analysis
Comparing Varo Bank vs. Zynlo Bank
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 Zynlo Bank's 3.85% APY for its Tomorrow Savings Account, with a minimum balance of $0.01.
Zynlo Bank pays $10 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 $385 - an APY advantage for Zynlo Bank.
Why Varo Bank?
- ✓Higher potential APY (5.00% vs 3.85%) on balances up to $5,000 (requires checking bundle & direct deposit)
- ✓Higher rated iOS app (4.9 vs 4.1)
- ✓Higher rated Android app (4.6 vs 3.5)
- ✓Fast transfers via Zelle®
Why Zynlo Bank?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $25,000
Zynlo BankZynlo Bank's Tomorrow Savings Account pulls ahead with larger amounts (approx. $963 vs $750/yr).
Best for Simplicity
Zynlo BankZynlo Bank's Tomorrow Savings Account offers 3.85% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Varo BankVaro Bank offers an iOS app rated 4.9 (vs. 4.1) and Android app rated 4.6 (vs. 3.5)
Shared Benefits
Over a 1-year period, Zynlo Bank's Tomorrow Savings Account pays $10 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 an impressive 5.00% APY on balances up to $5,000, with a lower rate of 2.50% on amounts exceeding that limit. However, this account requires a Varo bank account and a minimum direct deposit of $1,000 per month. In contrast, Zynlo Bank's Tomorrow Savings Account provides a competitive APY of 3.85% without any direct deposit requirements or caps, making it a simpler option for savers. Both accounts are online-only, with no maintenance fees. Ultimately, Varo Bank's higher APY positions it as the winner, despite its eligibility restrictions.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Varo Bank vs. Zynlo Bank Savings Calculator
You earn $10 more with Zynlo 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
Zynlo Bank
Tomorrow Savings Account
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Varo Bank | Zynlo Bank |
|---|---|---|
| APY | 5.00% Range: 2.50% - 5.00% Verified: 1/21/2026 Stable (90d) | 3.85% Verified: 1/21/2026 ↘︎ 0.35%90d Change |
| Product Name | High-Yield Savings Account | Tomorrow Savings Account |
| Minimum Deposit | $0 | $10 |
| 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. | RequiredMin. $1,000/month | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.9 Android4.6 | iOS4.1 Android3.5 |
| 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 Zynlo Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Varo Bank | Zynlo Bank |
|---|---|---|
| High-Yield Savings Account | Tomorrow Savings Account | |
Current APY | 5.00% | 3.85% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -4.4 |
Days Since Change | 310 | 23 |
10-Month High | 5.00% | 4.35% |
10-Month Low | 5.00% | 3.85% |
Adjustments / Mo | 0.00 | 0.29 |
Volatility Score | 0.000 | 0.039 |
How to read these metrics(Click to expand)
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