Betterment vs. Synchrony Bank
Betterment's Cash Reserve pays 4.00% APY while Synchrony Bank's High Yield Savings pays 3.30% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Betterment pays $14 more than Synchrony Bank annually ($344 vs $330).
Choose Betterment if getting the best rate matters most.
| Metric | BettermentCash Reserve Aug 21, 2026 | Synchrony BankHigh Yield Savings Aug 21, 2026 |
|---|---|---|
| APY | 3.25% - 4.00% | 3.30% |
Est. Earnings | $5,000+$172 $10,000+$344 $25,000+$859 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Betterment vs. Synchrony Bank
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
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 potential APY (4.00% vs 3.30%) on all balances
- ✓No checking account or direct deposit required
Why Synchrony Bank?
No distinct advantages found vs Betterment.
Key Feature Differences
Better Returns at $10,000
BettermentBetterment's Cash Reserve earns more on smaller deposits (approx. $344 vs $330/yr).
Better Returns at $25,000
BettermentBetterment's Cash Reserve pulls ahead with larger amounts (approx. $859 vs $825/yr).
Best for Simplicity
BettermentBetterment's Cash Reserve offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period (factoring in a 3-month promo), Betterment's Cash Reserve pays $14 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
*Betterment's calculation includes their 3-month introductory promotional rate and subsequent standard rate.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Betterment vs. Synchrony Bank Savings Calculator
You earn $15.1 more with Betterment than Synchrony Bank 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+$345.10(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,345.10
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
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 $329 per year in interest.
Both Betterment and Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Betterment | Synchrony Bank |
|---|---|---|
| APY | 4.00% Range: 3.25% - 4.00% Verified: 8/21/2026 - | 3.30% Verified: 8/21/2026 - |
| Product Name | Cash Reserve | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | N/A | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A- | Not Rated |
| Next Steps | Visit SiteVerify at Betterment Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | Synchrony Bank |
|---|---|---|
| Cash Reserve | High Yield Savings | |
Current APY | 4.00% | 3.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | 1.8 | -3.1 |
Days Since Change | 115 | 64 |
7-Month High | 4.00% | 3.50% |
7-Month Low | 3.90% | 3.30% |
Adjustments / Mo | 0.14 | 0.29 |
Volatility Score | 0.013 | 0.024 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Betterment's APY of 4.00% with other banks
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|---|---|---|
| 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 | 3.50% | $0 |
| Betterment vs Chime | 3.75% | $0 |
| Betterment vs CIT Bank | 3.75% | $100 |
| Betterment vs EverBank | 3.90% | $0 |
| Betterment vs Marcus by Goldman Sachs | 3.40% | $0 |
| Betterment vs Newtek Bank | 4.20% | $100 |
| Betterment vs Openbank | 3.80% | $500 |
| Betterment vs Pibank | 4.10% | $0 |
| Betterment vs SoFi Bank | 3.80% | $0 |
| Betterment vs Varo Bank | 3.75% | $0 |
| Betterment vs Wealthfront | 3.95% | $0 |