Varo Bank vs Wealthfront (Brokerage Cash)
Head-to-head comparison of Varo Savings Account and Wealthfront Cash Account, updated daily.
Varo Bank currently wins on APY: 5.00% vs 4.50%
| Feature | Varo BankUpdated 1d ago | Wealthfront (Brokerage Cash)Updated 1d ago |
|---|---|---|
| APY | 5.00%★ | 4.50% |
| Min opening deposit | $0★ | $1 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | monthly |
| ATM access | Yes | Yes |
| Check writing | No | Yes★ |
| Mobile app | Yes | Yes |
| Editor rating | 4.2 / 5 | 4.7 / 5★ |
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 →Wealthfront (Brokerage Cash) verdict
Wealthfront's Cash Account is technically a brokerage sweep product, not a bank account — but the practical experience is identical, and the FDIC pass-through coverage ceiling is the highest on this list. If you have over $250k in cash, Wealthfront is the cleanest way to keep it fully insured in one place.
Read full Wealthfront (Brokerage Cash) review →