You might get an interest check for your late tax return—here’s who qualifies and what to do with the money
Varo Savings Account[14]
Annual Percentage Yield (APY)
0.81% (with option to earn up to 2.80% if meet requirements)Minimum balance
Monthly fee
Maximum transactions
Up to 6 free withdrawals or transfers per statement cycle *The 6/statement cycle withdrawal limit is waived during the coronavirus outbreak under Regulation DExcessive transactions fee
Overdraft fees
None up to $50; anything greater, Varo would decline the transactionOffer checking account?
Offer ATM card?
Yes, if have a Varo checking account
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
References
- ^ second round of stimulus checks (www.cnbc.com)
- ^ According to a press release, (www.irs.gov)
- ^ coronavirus pandemic (www.cnbc.com)
- ^ IRS says (www.irs.gov)
- ^ compound interest (www.cnbc.com)
- ^ high-yield savings account (www.cnbc.com)
- ^ save $1,000 in one year (www.cnbc.com)
- ^ emergency fund (www.cnbc.com)
- ^ our top five favorites (www.cnbc.com)
- ^ Ally Online Savings Account (www.cnbc.com)
- ^ Varo Savings Account (www.cnbc.com)
- ^ traditional savings account (www.cnbc.com)
- ^ Ally Bank Online Savings Account (www.ally.com)
- ^ Varo Savings Account (www.cnbc.com)
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