Skip to main content

Earn more on your cash with a boosted APY

New customer offer. Displayed APY is variable as of September 20, 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.

Claim your offer

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.

Due to compensation, Ramit Sethi has an incentive to recommend Betterment which is a conflict of interest. They are compensated up to $15,000 per advertisement.

What makes Betterment’s Cash Reserve better?

  • Shield with a check mark.

    $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.
  • Coin going in a slot.

    $0 fees.

    Forget any monthly or maintenance costs—what you earn is what you keep.
  • 9times

    Earn a higher APY.

    Grow your savings with an APY over 9x the national average.**
  • A small flowering plant surrounded by butterflies

    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.
Claim your offer

Optimize your cash today.
Start saving for tomorrow.

Set money aside for what matters to you. Create multiple savings goals and use our automated tools to help you achieve them. 
Claim your offer
Two goals with recurring deposit turned on. One for a new sofa, and another for a rainy-day fund.

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.
vault-shield-check-mark

Our Program Banks

Truist Bank1 State Street Bank and Trust Company1 HSBC Bank USA, N.A.1 Webster Bank, N.A.1
Barclays Bank Delaware1 First Merchant Bank1 Bell Bank (Fargo, North Dakota) 1 The Bancorp Bank2
Cross River Bank First Internet Bank of Indiana 1 Wells Fargo Bank, N.A.1 CIBC Bank USA1
NexBank1 Morgan Stanley Bank, N.A.1 Morgan Stanley Private Bank, National Association1 Bank of Hope1
Program bank list last updated as of September 16, 2024. Up to $250,000 of coverage for each insurable capacity—e.g., individual or joint—at up to eight Program Banks. Electing to exclude one or more Program Banks from receiving deposits may lower the amount of FDIC insurance available through Cash Reserve.
Cash Reserve is for cash you intend to purchase securities with and should not be viewed as a long-term investment option.

Ready to boost your cash?

Claim your offer