That said, Varo is an online-only financial services company, so it’s not a good fit if you prefer to bank in person. Its account options are also pretty limited compared to some competitors ...

To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Varo Bank is pursuing faster growth by integrating machine learning models into various aspects of the ...

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public.