Betterment vs. Synchrony Bank
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
Synchrony Bank
High Yield Savings
3.65%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
High Yield Savings
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. Synchrony Bank Savings Calculator
Synchrony Bank earns $95.6 more than Betterment.
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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Betterment vs. Synchrony Bank
Why Betterment?
No distinct advantages found vs Synchrony Bank.
Why Synchrony Bank?
- ✓Higher potential APY (3.65% vs 3.50%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Synchrony BankSynchrony Bank's High Yield Savings earns more on smaller deposits (approx. $365 vs $350/yr).
Better Returns at $25,000
Synchrony BankSynchrony Bank's High Yield Savings pulls ahead with larger amounts (approx. $912 vs $875/yr).
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $15 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.
Executive Summary
Synchrony Bank offers a High Yield Savings account with an APY of 3.65%, making it the winner in this comparison. This account is online-only, requires no minimum deposit or balance, and has no maintenance fees, providing a competitive edge for savers. In contrast, Betterment's Cash Reserve account yields 3.50% APY, which is slightly lower but still offers a low minimum deposit of $10 and no maintenance fees. Both accounts do not require direct deposit, making them accessible options 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.
Top Market Contenders
See who beats both Betterment and Synchrony Bank.
| Feature | Betterment | Synchrony Bank |
|---|---|---|
| APY | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change | 3.65% Verified: 12/10/2025 ↘︎ 0.15%90d Change |
| Product Name | Cash Reserve | High Yield Savings |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.7 | iOS4.8 Android4.4 |
| BBB Rating | A- | Not Rated |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | Synchrony Bank |
|---|---|---|
| Cash Reserve | High Yield Savings | |
Current APY | 3.50% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.6 | -3.4 |
Days Since Change | 39 | 22 |
11-Month High | 4.00% | 4.10% |
11-Month Low | 3.50% | 3.65% |
Adjustments / Mo | 0.19 | 0.28 |
Volatility Score | 0.049 | 0.032 |
How to read these metrics(Click to expand)
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