Neobank comparison
Compare Kroo and Varo Bank side by side: fees, regulation, platforms.
Best for interest on your balance
Kroo pays a headline rate of interest just for keeping money in your current account, which makes it a compel…
Best US high-yield neobank
Varo is the rare US neobank that holds its own national bank charter, so deposits are directly FDIC insured w…
| Feature | Kroo | Varo Bank |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 0% |
| Savings APY | 4.10% | 5% |
| Currencies | 1 | 1 |
| Card network | Mastercard | Visa |
| Deposit protection | FSCS up to 85,000 GBP | FDIC up to 250,000 USD (Varo Bank, N.A.) |
| Regulators | - | - |
| Best for | Best for interest on your balance | Best US high-yield neobank |
| Markets & account | ||
Kroo
Kroo pays a headline rate of interest just for keeping money in your current account, which makes it a compelling FSCS-protected home for an everyday GBP balance.
Confirm current fees and rates on the provider's site. T&Cs apply.
Varo Bank
Varo is the rare US neobank that holds its own national bank charter, so deposits are directly FDIC insured while the savings rate stays at the top of the table.
Confirm current fees and rates on the provider's site. T&Cs apply.
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