Betterment vs. Chime
Compare rates, requirements, and features side-by-side to find the best option for you.
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
Chime
Chime High-Yield Savings Account
Up to3.50%APYDec 10, 2025FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 1.00% – 3.50%Show Fine Print & Trends Hide Details
Chime
Chime High-Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Betterment vs. Chime Savings Calculator
Both accounts earn exactly the same amount.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Betterment vs. Chime
Why Betterment?
- ✓No checking account or direct deposit required
Why Chime?
No distinct advantages found vs Betterment.
— Key Feature Differences —
Best for Simplicity
BettermentBetterment's Cash Reserve offers 3.50% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Executive Summary
Betterment's Cash Reserve stands out with a competitive 3.50% APY, offering a straightforward savings option without any direct deposit requirements or maintenance fees. This online-only product allows for a minimum deposit of just $10 and has no minimum balance requirement. In comparison, Chime's High-Yield Savings Account also offers a 3.50% APY, but it requires users to receive a qualifying direct deposit of $200 or more within the preceding 34 days. Both accounts are FDIC insured and have no maintenance fees, making them appealing choices for savers.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Stop Losing Interest
See who beats both Betterment and Chime.
| Feature | Betterment | Chime |
|---|---|---|
| APY | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change | 3.50% Range: 1.00% - 3.50% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Cash Reserve | Chime High-Yield Savings Account |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.7 | iOS4.8 Android4.7 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | Chime |
|---|---|---|
| Cash Reserve | Chime High-Yield Savings Account | |
Current APY | 3.50% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.8 | 11.9 |
Days Since Change | 39 | 55 |
10-Month High | 4.00% | 3.75% |
10-Month Low | 3.50% | 2.00% |
Adjustments / Mo | 0.19 | 0.19 |
Volatility Score | 0.050 | 0.192 |
How to read these metrics(Click to expand)
Compare Similar Alternatives
Compare Betterment vs...
Comparing against Standard Savings
Compare Chime vs...
Comparing against other Bundled Accounts