Varo Bank CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews

  1. Home
  2. Banks
  3. Varo Bank Deposit Rates

Varo BankToday's 12-month CD rates can be found at 3.82%, 6-month CD rates at 0.05% and 3-month CD rates at 0.20%. Current savings rates are at 0.55% and money market rates are at 1.36%. Mortgage rates today on 30-year fixed loans are around 6.96%. Credit Card rates are at 9.99%. Personal Loan rates are at 16.74%. All these rates, and more, can be found in our database of rates.

To see how these rates compare to Varo Bank CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from Varo Bank, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with Varo Bank CD rates. You can also compare Varo Bank savings rates, MMA rates and mortgage rates using our other rate lists.

Varo Bank money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Varo Bank? Share your experience about Varo Bank by leaving a review below, or read customer reviews before you decide to use Varo Bank.

Varo Bank Texas Ratio

Varo Bank's Texas Ratio is at 0.00%, which is considered excellent. The Texas Ratio for Varo Bank is lower than the national average of all banks, currently at 6.13%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing.

Overall, Varo Bank is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.

Rate
APY/APR
vs Avg
12-Month CD
N/A
18-Month CD
N/A
24-Month CD
N/A
36-Month CD
N/A
48-Month CD
N/A
60-Month CD
N/A
Savings
N/A
MMA
N/A
30-Year Fixed
N/A
Credit Card
N/A
Personal Loan
N/A
Varo Bank
11781 S Lone Peak Pkwy
Draper, UT 84020
Member FDIC
MonitorBankRates' Rating
5/5
★★★★★

Compare Varo Bank Rates with Other Competitive Bank and Credit Union Rates

Bank
Product
APY
Min Dep
Main Bank
Main Bank
6-Month CD
4.10%
$1,000
Murphy Bank
Murphy Bank
12-Month CD (Jumbo)
3.99%
$10,000
Citizens Access
Citizens Access
High Yield Online Savings
3.70%
$0
Suncoast Credit Union
Suncoast Credit Union
12-Month CD
3.70%
$500
United State Bank Lewistown, MO
United State Bank Lewistown, MO
36-Month CD
3.56%
$1,000
The Bank of Bennington
The Bank of Bennington
12-Month CD
3.50%
$500
OlyFed Olympia Federal S&L
OlyFed Olympia Federal S&L
12-Month CD
3.40%
$100
Service Federal Credit Union
Service Federal Credit Union
18-Month CD
3.25%
$500
Woodruff Federal S&L
Woodruff Federal S&L
12-Month CD
3.24%
$1,000
First National Bank in Marlow
First National Bank in Marlow
60-Month CD
3.15%
$500
Bank of Prague
Bank of Prague
24-Month CD
3.12%
$1,000
Community Bank Dunlap, IA
Community Bank Dunlap, IA
36-Month CD
3.00%
$500
Genoa Banking Company
18-Month CD
3.00%
$1,000
New Haven Bank
New Haven Bank
48-Month CD
2.75%
$500
Wakefield Co-operative Bank
Wakefield Co-operative Bank
24-Month CD
2.75%
$500
Elkhorn Valley Bank & Trust
Elkhorn Valley Bank & Trust
12-Month CD
2.60%
$0
Ergo Bank
Ergo Bank
36-Month CD
2.57%
$50
LNB Community Bank
LNB Community Bank
36-Month CD
2.52%
$500
1st Bergen Federal Credit Union
1st Bergen Federal Credit Union
36-Month CD
2.52%
$250
Global Bank
Global Bank
Money Market
2.50%
$100
Wallkill Valley Federal S&L
Wallkill Valley Federal S&L
48-Month CD
2.48%
$2,500
Harleysville Bank
Harleysville Bank
18-Month CD
2.47%
$500
Milton Savings Bank
Milton Savings Bank
36-Month CD
2.30%
$500
First National Bank in Olney
First National Bank in Olney
Personal Plus Checking
2.02%
$100
Huron Valley State Bank
Huron Valley State Bank
48-Month CD
2.02%
$500
Kentucky Farmers Bank
Kentucky Farmers Bank
48-Month CD
2.00%
$1,000
Bank of Stronghurst
Bank of Stronghurst
60-Month CD
1.66%
$500
Northfield Savings Bank
Northfield Savings Bank
12-Month CD
1.50%
$1,000
SSB Scott State Bank
SSB Scott State Bank
24-Month CD
1.20%
$1,000
Essex Savings Bank
Essex Savings Bank
36-Month CD
1.12%
$500
The Citizens Bank of Weston
The Citizens Bank of Weston
Money Market
1.00%
$2,500
American Bank and Trust Company, N.A.
American Bank and Trust Company, N.A.
48-Month CD
0.98%
$500
Fairview State Banking Company
Fairview State Banking Company
Passbook Savings
0.75%
$50
Premier Bank Dubuque, IA
Premier Bank Dubuque, IA
Choice Money Market
0.60%
$25,000
Community Bank Mankato
Community Bank Mankato
48-Month CD
0.60%
$1,000
Farmers State Bank Wathena, KS
Farmers State Bank Wathena, KS
24-Month CD
0.50%
$500
Citizens Bank of Kansas
Citizens Bank of Kansas
48-Month CD
0.45%
$500
Delaware NB of Delhi
Delaware NB of Delhi
Statement Savings
0.35%
$25
ACFCU
ACFCU
Share Savings
0.35%
$50
Versailles S&L Co.
Versailles S&L Co.
18-Month CD
0.30%
$1,000
Nebraska Bank of Commerce
Nebraska Bank of Commerce
Money Market
0.25%
$1,000
TTNB Turbotville Bank
TTNB Turbotville Bank
Money Market
0.25%
$2,500
Washington Financial Bank
Washington Financial Bank
12-Month CD
0.20%
$500
Watertown Savings Bank Watertown, MA
Watertown Savings Bank Watertown, MA
48-Month CD
0.20%
$1,000
First State Bank of Campbell Hill
First State Bank of Campbell Hill
NOW Checking
0.10%
$1,000
Lincoln Bank of Hodgenville
Lincoln Bank of Hodgenville
Premier Money Market
0.10%
$0
SSB Sherwood State Bank
SSB Sherwood State Bank
12-Month CD
0.10%
$1,000
1st United Credit Union
1st United Credit Union
Money Market
0.10%
$1,000
First Commonwealth Bank
First Commonwealth Bank
12-Month CD
0.05%
$500
Bank of Dudley
60-Month CD
0.00%
$0
Show More

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Mortgage Rates July 12, 2025

Lender
Product
Rate
APR
Points
3.990%
4.357%
0.750
4.250%
4.514%
0.750
4.500%
4.685%
0.750
5.560%
5.250%
0.000
15 Year Fixed
5.300%
5.390%
0.000
5.250%
5.491%
0.000
5.300%
5.494%
0.000
4.750%
5.507%
0.000
5.375%
5.525%
0.750
5.000%
5.531%
0.000
5.250%
5.545%
1.000
5.500%
5.569%
0.000
5.500%
5.614%
0.000
5.250%
5.629%
2.000
5.500%
5.637%
0.000
5.625%
5.693%
0.000
5.500%
5.728%
1.125
30-Year Fixed
5.560%
5.730%
0.000
5.500%
5.759%
0.000
15-Year Fixed Jumbo
5.750%
5.776%
0.000
15-Year Fixed
5.500%
5.785%
0.000
5.250%
5.791%
2.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Our apologies, we do not have Varo Bank rate data right now, check back for updates, we are adding rates all the time.

Varo Bank Information

Varo Bank
11781 S Lone Peak Pkwy
Draper, UT 84020
Salt Lake
Established Date: 08/01/2020
FDIC Certificate #: 59190
Date of FDIC Deposit Insurance: 08/01/2020
Bank Holding Company: VARO MONEY INC
How Many Domestic U.S. Offices? 1
How Many Branches are There? 1
Is Varo Bank FDIC Insured? Yes
What is Varo Bank's Cert number? 59190
What is the maximum amount for insured deposits? $250,000 per holder, per account

Varo Bank Financials

Total Assets:
$532,887,000
Total Deposits:
$379,143,000
Equity Capital:
$100,482,000
Domestic Deposits:
$379,143,000
Net Income:
$-16,280,000
Return on Assets:
-20.8888%
Quarterly Return on Assets:
-12.7800%
Pretax Return on Assets:
-12.7782%
Pretax Quarterly Return on Assets:
-12.7800%
Return on Equity:
-80.7000%
Quarterly Return on Equity:
-62.5500%
Leverage Tier 1 (Core Capital) Ratio:
25.1379%
Total Interest Income (YTD):
4.1142%
 
 
Headquarters:
Draper
FDIC Field Office:
Salt Lake City
Regulator:
OCC
County:
Salt Lake
# of Offices:
1
Metropolitan Statistical Area (MSA):
Salt Lake City, UT
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region:
West
FDIC Region:
San Francisco
Source: FDIC Last Updated 03/31/2024

Explore Other Rate Deals

Texas Trust Credit Union is offering several different types of savings accounts and two money market accounts. Savings accounts include a Regular Share Savings Account, a Secondary Share Savings Account, a Clubhouse Savings Account, a MasterCard Savings Account, a Visa Share Savings Account and a Regular Individual Retirement Account Savings Account. Money market accounts include the credit union's Money Market Account and Mega Money Market Account.
OneWest Bank, formerly IndyMac Bank, is offering certificate of deposit rates that are very competitive for both short term and long term certificate of deposits.
Mortgage rates and refinance mortgage rates increased today over yesterday. 30 year conforming mortgage rates and refinance mortgage rates are averaging 4.49 percent, up from yesterday's average mortgage rate and refinance rate of 4.46 percent. 30 year home mortgage rates and home refinance mortgage rates in Idaho are higher averaging 4.53 percent.

Bank or Credit Union Offers and Deals

Bank of America Mortgage Rates
Current Bank Savings Rates and Money Market Rates October 3, 2012
Republic Bank CD Rates
Pinnacle Bank Mortgage Rates
4-21 Today's Mortgage Rates: Current 30 Year Mortgage Rates at 4.79%
California First National Bank Savings and Money Market Checking Account
ShoreBank Direct Online Savings Account
Average Bank CD Rates Down Again This Week
Best Savings Rates in Florida: Highest Savings APY in Miami 1.15%
Mississippi FCU Savings Interest Rates and Money Market Account Rates

Alternative Bank and Credit Union Offers to Explore

CD Rates: 3 Month CD Rates Jump Higher
OneUnited Bank Savings Jumbo Rates now at 0.60%
Fixed Mortgage Rates Decrease to Another All-Time Low MBA: 30 Year Mortgage Rates at 4.21%, 15 Year Mortgage Rates at 3.62%
Mortgage Rates - Today's Mortgage Interest Rates at 4.95%
Mortgage Rates are Stable After Heading Higher on The Housing Finance Market Report
Mortgage Rates Hovering at All-Time Low: 30 Year Mortgage Rates at 4.67%
How to Get a Near Perfect Credit Score
Chrysler Auto Loans
New Credit Card Rules Take Effect
Getting the Best Car Insurance Rates

Varo Bank Reviews

There are no reviews for Varo Bank yet. Feel free to create one below.
Average Rating
☆☆☆☆☆
Total Reviews
0
Add Your Rating and Review for Varo Bank
Your Name:
Your Rating:

See how Varo Bank Compares to other banks