Betterment vs. Pibank
Pibank edges out Betterment slightly at 4.10% vs 4.00% APY. On a $10,000 balance, the difference is just $10 per year—so other factors may matter more.
The Bottom Line
The Betterment and Pibank savings accounts are very similar. Choose Betterment if mobile app quality matters.
| Metric | BettermentCash Reserve Aug 6, 2026 | PibankPibank Savings Aug 6, 2026 |
|---|---|---|
| APY | 3.25% - 4.00% | 4.10% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$205 $10,000+$410 $25,000+$1,025 |
Min Deposit | $10 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | Promo rate for new customers. 3.25% APY applies to existing customers. | - |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppRate Changes Often | FDIC InsuredNo MinimumsDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Betterment vs. Pibank
Executive Summary
Pibank offers a competitive savings product, the Pibank Savings, with an APY of 4.10%, making it the winner in this comparison. This account requires a minimum balance of just $0.01 and has no maintenance fees, providing a straightforward savings option without direct deposit requirements. In contrast, Betterment's Cash Reserve offers a promotional APY of 4.00% for new customers, while existing customers receive a lower rate of 3.25%. Betterment also has no minimum balance and no maintenance fees, but eligibility for the higher rate is restricted to new customers. Both banks operate online only.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Betterment?
- ✓Higher rated iOS app (4.8 vs 2.1)
- ✓Higher rated Android app (4.7 vs 1.8)
Why Pibank?
- ✓No checking account or direct deposit required
- ✓Available to New & Existing Customers
— Key Feature Differences —
Best for Simplicity
PibankPibank's Pibank Savings offers 4.10% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
BettermentBetterment offers an iOS app rated 4.8 (vs. 2.1) and Android app rated 4.7 (vs. 1.8)
Shared Benefits
Over a 1-year period, Pibank's Pibank Savings pays $10 more interest on a $10,000 balance than Betterment's Cash Reserve.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Betterment vs. Pibank Savings Calculator
You earn $10 more with Pibank than Betterment on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
Pibank
Pibank Savings
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $399 per year in interest.
Both Betterment and Pibank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Betterment | Pibank |
|---|---|---|
| APY | 4.00% Range: 3.25% - 4.00% Verified: 8/6/2026 - | 4.10% Verified: 8/6/2026 ↘︎ 0.30%90d Change |
| Product Name | Cash Reserve | Pibank Savings |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | N/A | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A- | A+ |
| Important Notes | Promo rate for new customers. 3.25% APY applies to existing customers. | - |
| Next Steps | Visit SiteVerify at Betterment Non-sponsored link to official site | Visit SiteVerify at Pibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | Pibank |
|---|---|---|
| Cash Reserve | Pibank Savings | |
Current APY | 4.00% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.2 | -3.6 |
Days Since Change | 4 | 35 |
12-Month High | 4.00% | 4.60% |
12-Month Low | 3.25% | 4.10% |
Adjustments / Mo | 0.41 | 0.16 |
Volatility Score | 0.081 | 0.035 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Betterment's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Betterment vs Ally Bank | 3.00% | $0 |
| Betterment vs American Express | 3.00% | $0 |
| Betterment vs Axos Bank | 4.21% | $0 |
| Betterment vs Barclays | 3.65% | $0 |
| Betterment vs Capital One | 3.00% | $0 |
| Betterment vs Chime | 3.75% | $0 |
| Betterment vs CIT Bank | 3.75% | $100 |
| Betterment vs Discover Bank | 3.30% | $0 |
| Betterment vs EverBank | 3.90% | $0 |
| Betterment vs Marcus by Goldman Sachs | 3.40% | $0 |
| Betterment vs Newtek Bank | 4.20% | $0.01 |
| Betterment vs Openbank | 3.80% | $500 |
| Betterment vs SoFi Bank | 3.80% | $0 |
| Betterment vs Synchrony Bank | 3.30% | $0 |
| Betterment vs Varo Bank | 3.75% | $0 |
| Betterment vs Wealthfront | 4.20% | $0 |