Varo Bank vs Ally Bank
Varo Bank | Ally Bank | |
|---|---|---|
Varo Bank Account - | Online Savings Account - 3.70% APY - | |
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 | 2.90% to 4.00% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.90% | |
| Checking | No monthly service fee; no minimum balance; no overdraft fees | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
| Monthly Fee | ||
| Money Market | ||
| Minimum Deposit to Open | ||
| Mobile App | ||
| ATMs | over 40,000 fee-free AllPoint ATMs | 75,000+ no-fee Allpoint and MoneyPass 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. Varo Bank: Pricing information from published website as of 01/05/2025. Ally Bank: Pricing information from published website as of 02/19/2025. | ||
Articles on Ally Bank
Ally No Penalty CD
Ally Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.
Ally Bank Locations
Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.
Ally High Yield Savings
Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.
Ally Bank Problems
Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.
Ally Money Market vs Savings
Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.
Ally Bank CD Rates
Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.
Ally Bank Routing Number
Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.
Which Do You Think is Best?
Which Bank Account is Right for You?
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