Earn more on your cash with a boosted APY
New customer offer. Displayed APY is variable as of April 2, 2024 and subject to change.
Welcome to Betterment where you can level up your savings with a Betterment cash account. Open your first account and get an extra 0.50% APY for 3 months with a qualifying deposit. If the base variable APY changes, you’ll still get the extra boost on the updated rate.
Conditions apply. See offer terms.
You must click below to be enrolled in this promotion.
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Cash Reserve is only available to clients of Betterment LLC, which is not a bank, and cash transfers to program banks are conducted through the clients’ brokerage accounts at Betterment Securities. For Cash Reserve (“CR”), Betterment LLC only receives compensation from our program banks; Betterment LLC and Betterment Securities do not charge fees on your CR balance.
What makes Betterment’s Cash Reserve better?
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$2 million insured.†
Rest easy with FDIC insurance up to $2 million ($4 million for joint accounts) with our program banks. That's 8X the standard. -
$0 fees.
Forget any monthly or maintenance costs—what you earn is what you keep. -
Earn a higher APY.
Grow your savings with an APY over 10x the national average.** -
No minimum balance.
Other institutions offer higher interest rates based on a larger balance—you can grow your money with us for as little as $10.
Keep your money safe as it grows.
Cash Reserve lets you earn interest even during volatile times. FDIC insurance covers your money up to ($2 million ($4 million for joint accounts) at our program banks, meaning you won’t have to sacrifice security for growth.