Varo is an online bank that offers various tools to help you save and grow your money. On the other hand, Current is a financial technology company that partners with a bank to provide many of the same features. While you may find both apps helpful, Varo offers up to 5% APY on balances up to $5,000 and 3% on balances over $5,000 if you meet certain criteria. Comparatively, Current provides 4% interest on balances up to $6,000 total, with direct deposits totaling at least $500 (with one being $100+) over 35-day cycles. Any balance above $6,000 doesn’t earn interest.