Best for A free account with a savings rate you can raiseVaro
Varo
Bank
- Monthly fee
- $0No monthly, maintenance, or minimum-balance fee on the bank account. Out-of-network ATM withdrawals are $3.50.as of Oct 30, 2026 source
- APY
- 1.00%Standard savings APY. Qualify for 3.75% on the first $5,000 the next month with $800 in direct deposits and a positive balance in all Varo accounts. Accurate as of Oct 5, 2026 on Varo's disclosures.as of Oct 30, 2026 source
- Sign-up bonus
- Noneas of Oct 30, 2026 source
- Min. deposit
- $0as of Oct 30, 2026 source
- No monthly fee
- Up to 3.75% savings APY
- No minimum balance