Are my Savings deposits FDIC insured? Please upgrade your app to the most recent version to view our help center, or go to support.varomoney.com. Related articles When is interest paid on my Savings Account? What if I make too many transfers per statement cycle? How do I Earn the Higher Interest Rate or Annual Percentage Yield (APY) on my Varo Savings Account? Can I enroll in automatic savings with Varo Bank? How do I update or change the phone number on my account?