Updated September 29, 2026 · VaultCue Editorial Team
Tomorrow vs Varo Bank
Tomorrow
Varo Bank
Higher score in this comparison
Where Tomorrow and Varo Bank differ
| Compare | TomorrowReviewSee alternativesSee alternatives | Varo BankReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 3.1% | 1% to 3.75%Higher |
| Deposit protection | EU DGS up to EUR 100,000 | FDIC up to USD 250,000 |
| Access terms | Instant access savings account: deposit or withdraw at any time, no minimum term or notice period, interest credited monthly, rate applies on balances up to EUR 50,000, requires an open Now, Change or Plus current account | No minimum balance or deposit, no savings cap, access in the Varo app with free instant transfers |
| Monthly fee | €0 | $0 |
| Minimum deposit | Not confirmed | $0 |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- Varo Bank scores higher overall: 8.9 vs 8.7.
- Founded is lower at Varo Bank: 2015 vs 2018.
- Tomorrow is available in 1 more country.
- Headline rate is higher at Varo Bank: 1% to 3.75% vs 3.1%.
- Support channels: only Varo Bank offers Phone.
Our verdict on each
Tomorrow
Tomorrow suits savers who keep a Now, Change or Plus current account and want a savings pot paying a 3.1% rate, with cash available on demand. Deposits sit inside the EU deposit guarantee scheme, and the trade-off is a rate that can move with the provider.
Varo Bank
Varo Bank suits people who want a free digital bank account and an easy-access savings balance without a minimum deposit. It charges a monthly fee of $0, pays a variable rate of 1% to 3.75% and holds deposits under FDIC up to USD 250,000.
Score breakdown
| Area | Tomorrow | Varo Bank |
|---|---|---|
| Cost | 9.1The savings account is no monthly fee with a monthly fee of €0, and currency conversion is 0% to 2%. | 9.3Higher |
| Offer | 9.1HigherSavings are easy access, interest is credited monthly and there is no notice period, so the pot stays flexible on a variable rate. | 9.0 |
| Trust | 8.2 | 8.5Higher |
Positions in our rankings
| Ranking | Tomorrow | Varo Bank |
|---|---|---|
| Savings accounts | 534 of 1420 | 440 of 1420 |
| Online banks | 175 of 402 | 134 of 402 |
Where each is licensed and available
| Country | Tomorrow | Varo Bank |
|---|---|---|
| Germany | Not confirmed | |
| United States | Not confirmed | FDIC FDIC cert 59190 |
Additional countries for Tomorrow: 2. Additional countries for Varo Bank: 1.
Also worth a look
eToro has headline rate at 3.8%, against 3.1% for Tomorrow and 1% to 3.75% for Varo Bank.
eToro reviewWhere these facts come from
Tomorrow
- tomorrow.one: 8 facts, checked September 26, 2026
- support.tomorrow.one: 3 facts, checked September 26, 2026
Varo Bank
- varomoney.com: 9 facts, checked September 26, 2026
- banks.data.fdic.gov: 2 facts, checked September 26, 2026
- support.varomoney.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Tomorrow | Varo Bank |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee |
| Legal entity | Tomorrow GmbH | Varo Bank, National Association |
| Headquarters | Germany | United States |
| Founded | 2018 | 2015Lower |
| Support channels | Chat, Email, Help centre | Email, Chat, Phone, Help centreCovers more |
Everyday accounts
| Fact | Tomorrow | Varo Bank |
|---|---|---|
| Licence type | Not confirmed | Bank |
| Currency conversion fee | 0% to 2% | 0% |
| Audience | Teen | Not confirmed |
| Features | Free ATM, Joint account, Digital only | Free ATM, Digital only, No credit check |
| Local account details | IBAN | Us ACH |
| Free ATM withdrawals | €1 | $0 |
| Transfer fee | SEPA free; 2% foreign currency fee on non-euro payments with Now | Free |
Where each stands against the rest
| Fact | Tomorrow | Varo Bank | Median |
|---|---|---|---|
| Headline rate | 3.1%below the median | 1% to 3.75%above the median | 3.25% |
| Minimum deposit | Not confirmed | $0at the median | $0 |
Median across 658 listed accounts.
Pros and cons
Tomorrow
Pros
- The balance is protected at EU DGS up to EUR 100,000
- Support runs on chat, email and help centre, which suits readers who prefer writing things down
- Features listed for the brand include free atm, joint account and digital only, and the free ATM allowance is €1
Cons
- The rate type is variable, so the interest you earn can move rather than being held for a set period
- Support runs on chat, email and help centre only, with no phone line for anyone who would rather talk
- The savings pot only works alongside an open Now, Change or Plus current account
Varo Bank
Pros
- A monthly fee of $0 applies, matching the site median of €0
- The savings account takes a minimum deposit of $0 and pays a variable rate of 1% to 3.75%
- Transfers are free and the ATM allowance is $0
Cons
- The savings rate is variable, so the 1% to 3.75% range can move
- The service is digital-only, which needs a phone and app access for everyday banking
- It is a US bank licence, and the local payment detail is us ach
Who each suits
Tomorrow
Who it suits
- Savers who already hold a Now, Change or Plus current account and want savings in the same app
- Anyone who needs to dip into savings without notice, with interest credited monthly
- Euro-area readers who want local payment details, since the account issues a local IBAN
Who should look elsewhere
- Plazo ES, listed at 24.19%, if the headline figure matters more than getting at the money
- AXI Card Tarjeta y Credito at 21.59%, a card and credit offer rather than a savings balance
- PayPal Colombia at 3.3%, whose rate is close to Tomorrow's, so the switch needs another reason
Varo Bank
Who it suits
- You want a savings balance you can reach at any time from the app
- You want no monthly charge on the everyday account
- You want a bank rather than an e-money or payment institution
Who should look elsewhere
- You want a fixed-rate term deposit, since the rate here is variable
- You need branches or in-person service, as the service is digital-only
- You need euro or UK payment details, and the local detail is us ach
Current offers
Tomorrow
Current offer
Bonus
Starter interest rate on the savings account: 3.1% p.a. for the first 90 days on balances up to EUR 50,000
New customers who open a Tomorrow account and savings account between September 1 and September 30, 2026; after the first 90 days the regular rate of the chosen account model applies (0.75% Now, 1% Change, 1.5% Plus); German tax ID required; Now customers who opened before 19 February 2025 must upgrade.
Source, checked September 26, 2026
First period offer
Now current account free of charge: EUR 0 per month
Free for anyone under 21 or who deposits EUR 500 into the Tomorrow account every month; otherwise Now costs from EUR 0 per month (Change EUR 8.90, Plus EUR 17.90).
Source, checked September 26, 2026
Country by country
| Country | Tomorrow | Varo Bank |
|---|---|---|
| Austria | Yes | No |
| Germany | Yes | No |
| United States | No | Yes |
Questions about each
Tomorrow
What rate does the Tomorrow savings account pay?+
The account pays a headline rate of 3.1% and the rate type is variable, so the figure can move rather than being fixed for a set term. Interest is credited monthly and the rate applies within a stated balance cap. In this comparison the brand places 233 on headline rate among 473 brands.
Is there a monthly fee for the savings account?+
There is no monthly charge on the savings account, with the fee listed as €0 a month and the account run on a no monthly fee model. The cost to watch is currency conversion, listed as 0% to 2%, so euro payments are the cheapest route.
Varo Bank
What does Varo Bank charge each month?+
Varo Bank charges a monthly fee of $0 on the everyday account, which matches the site median of €0. Transfers are free and the ATM allowance is $0, so day to day banking costs nothing extra.
How much interest does the Varo savings account pay?+
The savings account pays a variable rate of 1% to 3.75%. Because the rate is variable, the range can move over time. The site median headline rate is 3%, so this sits at the higher end of typical savings listings.
Other options to compare
Other matchups
Related by the facts
Tomorrow
Varo Bank