Updated September 29, 2026 · SumCue Editorial Team
Betterment vs Openbank
Betterment
Higher score in this comparison
Openbank
Betterment vs Openbank: the differences
| Compare | BettermentReviewSee alternativesSee alternatives | OpenbankReviewSee alternativesSee alternatives |
|---|---|---|
| Management fee | 0.25%Lower | 0.42% to 1.03% |
| Minimum investment | $10 | €500 |
| Regulators | U.S. Securities and Exchange Commission (SEC) registered investment adviser, Financial Industry Regulatory Authority (FINRA) Betterment Securities broker dealer member, SIPC | Comision Nacional del Mercado de Valores (CNMV) |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Portfolio types | ETF, ESG, Cash, CryptoCovers more | ESG |
| Account types | IRA, Roth IRA | Not confirmed |
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: 9.7 vs 9.5.
- Regulators: only Betterment offers U.S. Securities and Exchange Commission (SEC) registered investment adviser, Financial Industry Regulatory Authority (FINRA) Betterment Securities broker dealer member, SIPC.
- Regulators: only Openbank offers Comision Nacional del Mercado de Valores (CNMV).
- Founded is lower at Openbank: 1995 vs 2008.
- Management fee is lower at Betterment: 0.25% vs 0.42% to 1.03%.
- Portfolio types: only Betterment offers ETF, Cash, Crypto.
Our verdict on each
Betterment
Betterment suits US savers who want a managed portfolio and a cash sweep in the same app, charging a management fee of 0.25% on top of an account fee of $0. Cash earns a variable 3.5%, so the income side moves with policy rates, and its overall score is 7.9.
Openbank
Openbank runs a Spanish current account, an easy-access savings pot paying 2.75% and a Mastercard debit card from one app. It suits savers who want interest paid monthly with no lock-in, and households that want everyday banking and card spending in one place.
Score breakdown
| Area | Betterment | Openbank |
|---|---|---|
| Cost | 9.5HigherManagement fee of 0.25% ranks 18 of 49, and the account fee is $0. | 9.4Monthly fee €0, account fee €0 and stock trade fee €1 keep the running cost light. |
| Offer | 9.7 | 9.9Higher |
| Trust | 9.9Higher | 9.2 |
Feature by feature
| Portfolio types | Betterment | Openbank |
|---|---|---|
| ETF | Yes | No |
| ESG | Yes | Yes |
| Cash | Yes | No |
| Crypto | Yes | No |
Where they rank in our lists
| Ranking | Betterment | Openbank |
|---|---|---|
| Savings | 56 of 1492 | 103 of 1492 |
| Savings accounts | 39 of 658 | 78 of 658 |
| Investing | 52 of 654 | 70 of 654 |
| Stock and ETF brokers | 30 of 358 | 43 of 358 |
| Robo-advisors | 7 of 154 | 15 of 154 |
The bill, worked out
10,000 invested for a year
Betterment
25
0.25% of 10,000
Openbank
42 to 103
0.42% to 1.03% of 10,000
Betterment comes out 17 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Also worth a look
eToro has management fee at 0%, against 0.25% for Betterment and 0.42% to 1.03% for Openbank.
eToro reviewWhat we checked
Betterment
- betterment.com: 8 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
Openbank
- esma.europa.eu: 4 facts, checked September 26, 2026
- openbank.es: 4 facts, checked September 26, 2026
- financeads.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Betterment | Openbank |
|---|---|---|
| Legal entity | MTG LLC | OPEN BANK S.A. |
| Headquarters | United States | Spain |
| Founded | 2008 | 1995Lower |
| Support channels | Phone, Email, Chat, Help centre | Phone, Chat, Email, Help centre |
Brokers
| Fact | Betterment | Openbank |
|---|---|---|
| Minimum deposit | $10 | €1 |
| Stock trade fee | Not confirmed | €1 |
| Account fee | $0 | €0 |
| Markets | Stocks, ETFs, Bonds | Stocks, ETFs, Funds, Crypto, BondsCovers more |
| Features | Not confirmed | Travel, Multi currency |
| Pricing model | No monthly fee | No annual fee |
| Currency conversion fee | Not confirmed | 0% |
| Deposit and withdrawal fees | No fees | free transfers |
| Platforms | Not confirmed | Web, App |
| Interest on cash | 3.5%Higher | 2.75% |
Savings
| Fact | Betterment | Openbank |
|---|---|---|
| Headline rate | 3.5%Higher | 2.75% |
| Rate type | Variable | Variable |
| 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) | Interest paid monthly; money withdrawable at any time in full or in part including accrued interest; free immediate transfers between the current and remunerated account |
| Monthly fee | $0 | €0 |
| Account kind | Cash management | Easy access |
Credit cards
| Fact | Betterment | Openbank |
|---|---|---|
| Annual fee | Not confirmed | €0 |
| APR | Not confirmed | 0% |
| Rewards type | Not confirmed | None |
| Card kind | Not confirmed | Credit |
Loans
| Fact | Betterment | Openbank |
|---|---|---|
| Lender type | Not confirmed | Direct lender |
Where each stands against the rest
| Fact | Betterment | Openbank | Median |
|---|---|---|---|
| Management fee | 0.25%below the median | 0.42% to 1.03%above the median | 0.35% |
Median across 86 listed providers.
Pros and cons
Betterment
Pros
- A single app holds a managed portfolio and a cash sweep paying a variable 3.5%.
- The management fee of 0.25% sits under the site median management fee of 0.35%.
- The monthly fee is $0 and the minimum deposit is $10, so an account that is opened and left alone carries no standing charge.
Cons
- Cash pays a variable rate of 3.5%, so the income from the sweep can be cut without warning.
- Betterment ranks 18 of 49 on management fee, so cheaper robo-advice sits on the same list.
- Account types cover ira and roth ira, which rules out a UK ISA or workplace pension wrapper for most UK readers.
Openbank
Pros
- Interest is credited monthly, and money is withdrawable at any time in full or in part, accrued interest included
- Transfers between the current and remunerated account are free and immediate, and the card runs on mastercard
- The Mastercard debit card carries a currency conversion fee of 0% with a multi-currency feature for travel
Cons
- The headline rate of 2.75% sits below the site median, which stands at 3%
- The credit card has a rewards type of none, so nothing comes back on card spending
- The robo adviser takes a management fee of 0.42% to 1.03% and needs a minimum investment of €500
Who each suits
Betterment
Who it suits
- US savers who want automated investing and a variable cash yield handled from the same app.
- First-time investors who can begin from a minimum investment of $10 without a large opening balance.
- Retirement savers who want a traditional or Roth IRA built around automatic contributions.
Who should look elsewhere
- eToro, if you would rather choose individual markets yourself, since the portfolio options here are etf, esg and cash.
- Axos Invest, whose minimum investment of $100 suits readers who want a higher entry point and a managed portfolio.
- Empower Personal Dashboard, whose management fee is 0%, for readers who put the advisory charge ahead of a managed account with a cash sweep.
Openbank
Who it suits
- Savers who want interest paid monthly and no fixed term
- Households that want a current account, a savings pot and a card in one app
- Travellers who want a multi-currency card
Who should look elsewhere
- Wise, if a multi-currency account with a monthly fee of £0 matters more than deposit interest
- Starling Personal Account Debit Card, which charges a monthly fee of £0, if a UK current account fits better
- Varo Believe Secured Credit Card, which has a monthly fee of $0, if building a credit record is the aim
Current offers
Betterment
Current offer
Bonus
Invest and earn up to $2,000: up to $2,000
Terms apply; new customers only; open any individual investing account and make a deposit
Source, checked September 26, 2026
Bonus
0.75% APY boost on Cash Reserve: 0.75% APY boost, 4.25% variable APY on balances up to $1M
New clients with a qualifying deposit; guaranteed through February 15; base variable APY 3.50% as of 9/21/2026; $10 min deposit for base APY
Source, checked September 26, 2026
Discount code
Discounted mortgage rate through Rate partnership: up to 0.75% off
Via partnership with Rate; terms apply
Source, checked September 26, 2026
Country by country
| Country | Betterment | Openbank |
|---|---|---|
| Spain | No | Yes |
| United States | Yes | No |
Questions about each
Betterment
What does Betterment charge to run an account?+
Two figures matter. The management fee is 0.25%, charged on the portfolio, and the monthly fee is $0, with an account fee of $0. Taking money in and out carries nothing, with the deposit and withdrawal fee reading No fees. Over a year the management fee is the line that reduces the balance, since nothing else here charges for holding the account open.
How much do I need to open an account and start investing?+
The minimum investment is $10 and the minimum deposit for the cash side is $10. The site median minimum deposit is €0.88 and the median minimum investment is €25, so the floor here sits inside the normal range rather than at either extreme. Neither figure asks for a large opening balance.
Openbank
What does it cost to hold the account?+
Openbank charges a monthly fee of €0 and a credit card annual fee of €0. Transfers between the current and the remunerated account are free and immediate, and a stock trade costs €1, so everyday banking adds very little.
How much interest do I earn?+
The easy-access account pays a headline rate of 2.75%, credited monthly, and the rate type is variable. The site median stands at 3%, so the offer sits in the middle of the market rather than at either end.
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Betterment
Openbank