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Compound vs Quicken

Compound logo

Compound

Software

Autonomous interest rate protocol

From
Free
Rated
-
Full reviewWebsite
Quicken logo

Quicken

Software

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite

The short version

  • Only Compound has a free tier, so it costs nothing to try first.
  • Each has a real cost: Compound compound is a decentralized, non-custodial protocol governed by COMP token holders rather than a company; interest rates on supplied and borrowed assets are set algorithmically by pool utilization rather than published as a price list, so there is no vendor pricing page to compare against; Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • They diverge on capability: Compound covers Lending, Quicken covers Budget creation.

Where they differ

Only the attributes on which Compound and Quicken actually diverge.

Attributes where Compound and Quicken differ
AttributeCompoundQuicken
Starting priceFree$3.99/month
Pricing modelUnknownsubscription
Free tierYesNo
PlatformsEthereumWeb, iOS, Android, Windows, macOS
Founded20171983

Identical on both: user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Compound

  • Lending
  • Borrowing
  • cTokens
  • Governance
  • COMP Token
  • Ethereum
  • Web support

Only in Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Bank accounts
  • Investment accounts
  • Credit cards
  • Windows support

What people use each for

The jobs each tool is most often brought in to do.

Compound

  • Decentralised finance (DeFi) lending and borrowing protocol on Ethereumnot Quicken
  • Cryptocurrency collateral management for USDC borrowingnot Quicken
  • Interest earning through crypto asset supplynot Quicken
  • Algorithmic interest rate determination based on supply and demandnot Quicken

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Compound
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Compound
  • Users preferring local data storage via Classic desktop editionsnot Compound

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Compound

  • Compound is a decentralized, non-custodial protocol governed by COMP token holders rather than a company; interest rates on supplied and borrowed assets are set algorithmically by pool utilization rather than published as a price list, so there is no vendor pricing page to compare against

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Pricing, plan by plan

Compound

Free

No published plan breakdown. See the Compound review.

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Which should you pick?

Choose Compound if

  • You need lending.
  • You want to start without paying.
  • You work on Ethereum.
  • You also want borrowing.
Compound review

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Questions people ask

Is Compound or Quicken better?
Neither clearly leads. Compound starts at Free and Quicken at $3.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Compound or Quicken?
Compound has a free tier; the other does not. Paid plans start at Free for Compound and $3.99/month for Quicken.
Does Compound or Quicken run on more platforms?
Compound runs on Ethereum. Quicken runs on Web, iOS, Android, Windows, macOS.
Can I use Compound for free?
Yes. Compound has a free tier, so you can try it without paying. Quicken starts at $3.99/month.
What is Compound best used for?
Compound is most often used for decentralised finance (defi) lending and borrowing protocol on ethereum, cryptocurrency collateral management for usdc borrowing, interest earning through crypto asset supply, algorithmic interest rate determination based on supply and demand. Of those, decentralised finance (defi) lending and borrowing protocol on ethereum and cryptocurrency collateral management for usdc borrowing are not what Quicken is typically brought in for.
What can Compound do that Quicken cannot?
Compound covers Lending, Borrowing, cTokens, Governance. Quicken covers Budget creation, Bill management, Investment tracking, Tax planning.
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