Barclays Bank Delaware vs Varo Bank
Head-to-head comparison of Barclays Online Savings and Varo Savings Account, updated daily.
Varo Bank currently wins on APY: 5.00% vs 4.35%
| Feature | Barclays Bank DelawareUpdated 1d ago | Varo BankUpdated 1d ago |
|---|---|---|
| APY | 4.35% | 5.00%★ |
| Min opening deposit | $0 | $0 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | No | Yes★ |
| Check writing | No | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.3 / 5★ | 4.2 / 5 |
Barclays Bank Delaware verdict
Barclays is a quietly excellent option that does not get the marketing attention of SoFi or Marcus. APY is consistently within 10-20bps of the leaders, and the institution is well-capitalized. Worth considering if you want a non-U.S.-headquartered bank exposure.
Read full Barclays Bank Delaware review →Varo Bank verdict
Varo offers the highest headline APY on our list, but the conditions are strict: you need direct deposit, qualifying debit card spend, and the rate only applies to the first $5,000. For users who can meet those conditions on a small emergency fund, Varo is mathematically the best option. For larger balances, look elsewhere.
Read full Varo Bank review →