Updated September 29, 2026 · VaultCue Editorial Team
Betterment vs Finom
Finom
Betterment
Higher score in this comparison
What sets them apart
| Compare | BettermentReviewSee alternativesSee alternatives | FinomReviewVisitVisit |
|---|---|---|
| Headline rate | 3.5% | 5%Higher |
| Rate type | Variable | Fixed |
| Minimum deposit | $10 | €0 |
| Deposit protection | FDIC up to USD 250,000 | EU DGS up to EUR 100,000 |
| Access terms | Cash Reserve: no minimum balance ($10 minimum deposit), unlimited withdrawals, sweep cash held at FDIC-insured program banks up to $8M (joint) | Instant access, withdraw at any time with no withdrawal penalties |
| Monthly fee | $0 | €0 |
Same on both: Account kind (Cash management).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Betterment scores higher overall: 9.0 vs 8.9.
- Founded is lower at Betterment: 2008 vs 2019.
- Finom is licensed in 1 more country.
- Finom is available in 10 more countries.
- Headline rate is higher at Finom: 5% vs 3.5%.
- Support channels: only Betterment offers Phone.
- Support channels: only Finom offers Community.
- Pricing model: only Finom offers Fixed rate.
Our verdict on each
Betterment
Betterment suits US savers who want a cash-management account that pays a variable rate without a monthly fee. Its Cash Reserve pays 3.5% on a variable basis, needs $10 to open, and holds cash across a sweep network of FDIC-insured program banks.
Finom
Finom suits freelancers and small businesses that want a euro cash account with a set rate and instant access. A minimum deposit of €0 and local IBAN details make it easy to open, though the fixed rate will not follow the market and support runs on email, chat and help centre only.
Score breakdown
| Area | Betterment | Finom |
|---|---|---|
| Cost | 8.9Monthly fee of $0 and a $10 entry point, against a cash-management median fee of €0. | 9.3HigherCosts sit at the free end: a monthly fee of €0 and a conversion fee of 1% near the site median of 0.5%. |
| Offer | 9.5Variable 3.5% headline rate with unlimited withdrawals and a sweep across FDIC-insured program banks. | 9.7HigherA fixed rate of 5% with instant access, ranking 92 of 473 on rate. |
| Trust | 8.9Higher | 8.2 |
Choosing between them
Pick Betterment if trust matter most.
Pick Finom if cost and headline rate matter most.
Sources behind this comparison
Betterment
- betterment.com: 10 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
Finom
- finom.co: 12 facts, checked September 26, 2026
How they place
| Ranking | Betterment | Finom |
|---|---|---|
| Savings accounts | 327 of 1420 | 1 of 1420 |
| Cash management accounts | 12 of 45 | 2 of 45 |
Every fact side by side
| Fact | Betterment | Finom |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee, Fixed rateCovers more |
| Legal entity | MTG LLC | PNL Fintech B.V. |
| Headquarters | United States | Netherlands |
| Founded | 2008Lower | 2019 |
| Support channels | Phone, Help centre, Email, Chat | Email, Chat, Help centre, Community |
Everyday accounts
| Fact | Betterment | Finom |
|---|---|---|
| Currency conversion fee | Not confirmed | 1% |
| Currencies | Not confirmed | 17 |
| Audience | Not confirmed | Business, Freelancer |
| Features | Not confirmed | Free ATM |
| Local account details | Not confirmed | IBAN |
| Free ATM withdrawals | Not confirmed | €10,000 |
| Transfer fee | Not confirmed | Free outgoing SEPA transfers up to EUR 2,500 per month (Solo plan); outgoing international payments 1% (Solo) to 0.20% (Pro) |
Where each stands against the rest
| Fact | Betterment | Finom | Median |
|---|---|---|---|
| Headline rate | 3.5%above the median | 5%above the median | 3.25% |
Median across 658 listed accounts.
Pros and cons
Betterment
Pros
- No monthly fee on the Cash Reserve account, at $0 a month
- Headline rate of 3.5%, variable, above the cash-management median of 3.41%
- Only $10 to open, with unlimited withdrawals
Cons
- The rate is variable, so the 3.5% headline can move with the policy rate
- A minimum of $10 is still needed before the sweep starts earning
- Protection on sweep balances depends on the program banks holding the cash, with FDIC up to USD 250,000 stated per depositor
Finom
Pros
- The minimum deposit is €0, so an account can be opened without a large opening balance.
- The transfer fee leaves outgoing SEPA transfers free on the Solo plan within a monthly limit.
- Local IBAN details sit alongside 17 currencies, so one account can take payments in several currencies.
Cons
- The interest rate is fixed, so it will not rise with the market while most savings accounts here are variable (79%).
- The transfer fee for outgoing international payments is higher on the Solo plan than on the Pro plan.
- Deposit protection is EU DGS up to EUR 100,000, so any balance above that cap sits outside the scheme.
Who each suits
Betterment
Who it suits
- US savers keeping an emergency buffer in a cash-management account
- Anyone who wants a sweep structure rather than a single bank balance
- People who pay a monthly fee elsewhere and want $0 instead
Who should look elsewhere
- Readers wanting a fixed rate, because variable applies here
- People outside the US, since Betterment is based in the United States
- Balances that need a guaranteed rate for a set term
Finom
Who it suits
- Freelancers and sole traders who need local IBAN details and can move money the same day it arrives.
- Small businesses paid in euros by clients abroad who want several currencies in one place.
- Readers who want a set rate on working money rather than the highest variable rate on the table.
Who should look elsewhere
- Anyone ranking purely on the headline figure, since Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%.
- Variable rate savers, since 79% of the brands in this group pay a variable rate and the Finom rate is fixed.
- Readers happy with a wallet and a smaller return, since PayPal Colombia lists 3.3%.
Current offers
Betterment
Current offer
Bonus
New customer offer: 0.75% APY boost on Cash Reserve (4.25% variable APY): 0.75% boost on balances up to $1M (3.50% base + boost = 4.25%)
New clients with a qualifying deposit; earn more on savings up to $1M through February 15, 2027; $10 min deposit for base APY; base APY change moves boosted APY
Source, checked September 26, 2026
Bonus
Earn up to $2,000 investing offer: up to $2,000
Open any individual investing account and make a deposit; terms apply
Source, checked September 26, 2026
Discount code
Rate partnership: discounted mortgage rate: up to 0.75% off
Through Betterment's partnership with Rate
Source, checked September 26, 2026
Finom
Current offer
Bonus
Fixed 5% p.a. on EUR funds for the first 5 months: 5% p.a. fixed for 5 months on up to EUR 200,000
Interest Account, new EUR funds; promo rate for the first 5 months, then standard rate from 0.5% to 2.25% p.a. depending on plan; up to EUR 200,000 held; market analysis dated March 2026; Aksys client agreement terms apply
Source, checked September 26, 2026
Free trial
30-day trial on paid plans: 30 days
Paid Basic and Smart plans, excl. VAT; paid monthly or yearly
Source, checked September 26, 2026
First period offer
3 months for free for partners customers only: 3 months free
Customers introduced through the Finom Partner Program
Source, checked September 26, 2026
Country by country
| Country | Betterment | Finom |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Cyprus | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
| Ireland | No | Yes |
| Italy | No | Yes |
| Netherlands | No | Yes |
8 of 12 countries where either is available.
Questions about each
Betterment
What rate does the Betterment Cash Reserve pay?+
The Cash Reserve pays a headline rate of 3.5%, and the rate type is variable. Because it is variable, the figure can rise or fall with policy rates rather than being fixed for a set term. Treat the headline as a starting point rather than a promise.
Is there a monthly fee on the account?+
There is no monthly fee. The monthly fee is $0, and the pricing model is a no-monthly-fee one, which is the most common model in this ranking. You keep the full amount you deposit earning interest.
Finom
What does it cost to keep a Finom account?+
The monthly fee is €0 and the minimum deposit is €0, so there is no cost to holding a balance and no need for a large opening payment. The charge that matters is currency conversion at 1%, plus outgoing international payments, which cost more on the Solo plan than on the Pro plan.
Is my money protected if something goes wrong?+
Balances sit under the EU deposit guarantee scheme, with protection stated as EU DGS up to EUR 100,000. Finom is entered on the Dutch register as R180074 and on the Cypriot register as 456/25, so more than one supervisor is watching the business.
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Finom
Betterment