Betterment’s Cash Reserve is a high-yield cash account. See the rate details below.
Update 5/8/2023: The offer increased from 4.35% to 4.50%.
Update 4/24/2023: The APY for their Cash Reserve account increased again from 4.20% to 4.35%.
Update 3/29/2023: The APY for their Cash Reserve account increased from 4.00% to 4.20%
Update 2/7/2023: The APY for their Cash Reserve account increased from 3.75% to 4.00%
Update 12/27/2022: The APY for Cash Reserve increased from 3.20% to 3.75%.
See Posts History below for more offers from Betterment.
Betterment Cash Reserve Account Details
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.
- $0 fees. No monthly or maintenance costs.
- FDIC insurance up to $1M (4x the standard amount) with their program banks.
- Unlimited withdrawals
- No minimum balance
Nice account option if you’re already investing with Betterment. Otherwise, you’re better off going with a top online savings account.
- Betterment Promotion: 1 Year Free Investing & Referral Bonuses
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