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Earn more on your cash with a boosted APY

New customer offer. Displayed APY is variable as of December 27, 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.
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Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. FDIC insurance provided by "Program Banks", subject to certain conditions. Learn More.

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 what most firms offer.
  • Coin going in a slot.

    $0 fees.

    Forget any monthly or maintenance costs—what you earn is what you keep.
  • 11times

    Earn a higher APY.

    Grow your savings with an APY nearly 11x 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.
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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. 
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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.
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Our Program Banks

The Bancorp Bank2 Barclays Bank Delaware1 Cross River Bank HSBC Bank USA, N.A.1
State Street Bank and Trust Company1 Wells Fargo Bank, N.A.1 First Internet Bank of Indiana 1 Webster Bank, N.A.1
First Merchant Bank1 Truist Bank1 CIBC Bank USA1 NexBank1
Morgan Stanley Bank, N.A.1 Morgan Stanley Private Bank, National Association1 Bank Hapoalim, B.M.1 Northbrook Bank and Trust Company, N.A.1
Lake Forest Bank & Trust Company, N.A.1 Encore Bank 1 State Bank of the Lakes, N.A. 1 Wheaton Bank and Trust, N.A. 1
Forbright Bank 1 First Western Trust Bank1 Western Alliance Bank1  
Program bank list last updated as of July 1, 2025. 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?

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