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Updated September 29, 2026 · VaultCue Editorial Team

Betterment vs Qonto

Betterment scores 9.0 and Qonto 8.7 out of 10. Compare their differences and shared features below.
Qonto

Qonto

8.7/10
Visit
Betterment

Betterment

Higher score in this comparison

9.0/10
See alternatives

What sets them apart

Betterment vs Qonto
CompareBettermentBettermentReviewSee alternativesSee alternativesQontoQontoReviewVisitVisit
Headline rate3.5%Higher1.5%
Minimum deposit$10€0
Deposit protectionFDIC up to USD 250,000EU DGS up to EUR 100,000
Access termsCash Reserve: no minimum balance ($10 minimum deposit), unlimited withdrawals, sweep cash held at FDIC-insured program banks up to $8M (joint)Instant access to the money, no notice period; remuneration activated in the app, calculated daily on the total balance and paid on the 2nd of each month; requires at least 5 eligible payment transactions of at least 1 EUR per month
Monthly fee$0€19

Same on both: Rate type (Variable), 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 8.7.
  • Founded is lower at Betterment: 2008 vs 2017.
  • Qonto is available in 7 more countries.
  • Headline rate is higher at Betterment: 3.5% vs 1.5%.

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.

Read the full Betterment review

Qonto

Qonto suits businesses and freelancers who want their day to day banking in one app and will not chase the highest rate. The monthly fee of €19 is the trade off, and the 1.5% headline rate ranks 350 of 473 brands.

Read the full Qonto review

Score breakdown

Betterment vs Qonto
AreaBettermentQonto
Cost8.9HigherMonthly fee of $0 and a $10 entry point, against a cash-management median fee of €0.8.8A monthly fee of €19 on the standard plan and a minimum deposit of €0, against a site median of €0
Offer9.5HigherVariable 3.5% headline rate with unlimited withdrawals and a sweep across FDIC-insured program banks.9.1Headline rate of 1.5% is variable and sits at 350 of 473
Trust8.9Higher8.3

Where they rank in our lists

Betterment vs Qonto
RankingBettermentQonto
Savings accounts327 of 14208 of 1420
Cash management accounts12 of 453 of 45

Availability and regulation

Betterment vs Qonto
CountryBettermentQonto
FranceNot confirmed
FR_ACPR PSD_PI FR_ACPR!68677
United States
SIPC SIPC member 51906
Not confirmed

Additional countries for Betterment: 1. Additional countries for Qonto: 8.

If neither fits

eToro has headline rate at 3.8%, against 3.5% for Betterment and 1.5% for Qonto.

eToro review

Where these facts come from

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

Qonto

  • qonto.com: 9 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 2 facts, checked September 26, 2026

Every fact side by side

Betterment vs Qonto
FactBettermentQonto
Pricing modelNo monthly feeNot confirmed
Legal entityMTG LLCQONTO
HeadquartersUnited StatesFrance
Founded2008Lower2017
Support channelsPhone, Help centre, Email, ChatChat, Phone, Email, Help centre

Everyday accounts

Betterment vs Qonto
FactBettermentQonto
Licence typeNot confirmedPayment institution
Currency conversion feeNot confirmed0.8% to 1.8%
CurrenciesNot confirmedfrom 30
AudienceNot confirmedBusiness, Freelancer
FeaturesNot confirmedDigital only
Local account detailsNot confirmedIBAN
Transfer feeNot confirmed30 SEPA transfers/month included, then EUR 0.20 per extra transaction (Basic plan)

Where each stands against the rest

Betterment vs Qonto
FactBettermentQontoMedian
Headline rate3.5%above the median1.5%lowest quarter3.25%

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

Qonto

Pros

  • Minimum deposit of €0, so the account opens without tying up money
  • Support runs on chat, phone and email
  • Currency conversion of 0.8% to 1.8% suits frequent international invoicing

Cons

  • The monthly fee of €19 makes it expensive for anyone holding a small balance
  • The account is digital only, so there is no branch to visit
  • The 1.5% rate is only paid while the transaction condition is met

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

Qonto

Who it suits

  • Freelancers and sole traders billing across borders
  • Small businesses paying and receiving in several currencies
  • Anyone who wants their accounts, cards and invoices in one app

Who should look elsewhere

  • Anyone saving mainly for yield, since the 1.5% rate is variable and ranks 350 of 473
  • People who want to hold a large balance while paying nothing, given the monthly fee of €19
  • Anyone who prefers a branch, as the account is digital only

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

Qonto

Current offer

  • Bonus

    Up to 5% AER account remuneration for 2 months for new customers: 5% AER for 2 months, then 1.5% AER on the Smart plan

    New customers only, first 2 months of the contract, on plans Smart and above; requires at least 5 eligible payment transactions of at least 1 EUR per month; remuneration capped at 50,000 EUR on Smart and 100,000 EUR on Premium; Account Remuneration currently available in France, Spain, Italy and the Netherlands

    Source, checked September 26, 2026

  • Free trial

    1-month free trial on business account plans: 1 month free

    Offered on the Basic, Smart and Premium business account plans, prices excl. VAT

    Source, checked September 26, 2026

Country by country

Betterment vs Qonto
CountryBettermentQonto
AustriaNoYes
BelgiumNoYes
FranceNoYes
GermanyNoYes
ItalyNoYes
NetherlandsNoYes
PortugalNoYes
SpainNoYes

8 of 9 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.

Qonto

How much does Qonto cost each month?+

The standard plan charges a monthly fee of €19. SEPA transfers are included up to a set monthly allowance, and each transfer beyond it carries a small fixed charge. Currency conversion adds 0.8% to 1.8% on converted payments.

Is there a minimum deposit to open a Qonto account?+

There is no minimum, and the stated minimum deposit is €0. The account can therefore be opened and funded with a small balance, which suits a new business or a first freelance invoice.

Other options to compare

Qonto

Visit

Betterment

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