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Varo Bank Review 2025: Free checking and high-yield savings


//travel-leisure.news-articles.net/content/2025/ .. w-2025-free-checking-and-high-yield-savings.html
Published in Travel and Leisure on Thursday, May 29th 2025 at 13:26 GMT by Fortune   Print publication without navigation

  • Consumers looking for a high APY on their savings and a no-frills checking account may like what Varo Bank offers.

Varo Bank, a digital-only bank, offers a range of financial services including checking and savings accounts, a credit card, and early direct deposit, all accessible through a user-friendly mobile app. The bank stands out for its no-fee model, with no monthly fees, overdraft fees, or minimum balance requirements, and it provides a competitive 3% annual percentage yield on savings up to $5,000. Varo also offers a secured credit card to help customers build credit, and it is backed by the FDIC, ensuring the safety of deposits up to $250,000. While the bank's services are praised for their convenience and cost-effectiveness, some users have reported occasional app glitches and limited customer support options. Overall, Varo Bank is recommended for those seeking a straightforward, fee-free banking experience with robust digital tools.

Read the Full Fortune Article at:
[ https://fortune.com/article/varo-bank-review/ ]

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