Discover Bank vs Varo Bank
Discover Bank | Varo Bank | |
|---|---|---|
Online Savings Account - Earn 3.40% APY - | Varo Bank Account - | |
Benefits and Features | ||
| Savings | 2.50% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account. | |
| CD | 2.00% to 4.05% APY depending on terms | |
| Checking | No monthly service fee; no minimum balance; no overdraft fees | |
| Monthly Fee | ||
| Minimum Deposit to Open | ||
| Mobile App | ||
| ATMs | over 40,000 fee-free AllPoint ATMs | |
| Customer Service | Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET) | |
| Locations | ||
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Discover Bank: Pricing information and data points from published website as of 11/12/2025. Varo Bank: Pricing information from published website as of 12/10/2025. | ||
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