When do I start earning interest on my Savings Account? Interest will start to accrue as soon as funds are deposited the the account. The sooner you start, the better! Related articles Can I withdraw funds from my Savings Account at an ATM? How is interest paid on my Savings Account? Can I use my Savings Account to cover unintentional overdrafts on my Varo Bank Account? Is there a minimum required balance for a Savings Account? Are my Savings deposits FDIC insured?