Skip to main content
Open menu
Get started

New customer offer Earn more with our highest rate of the year

Open a Cash Reserve account and make a qualifying deposit to get a 0.65% APY boost on your savings through January 15, 2026. Your boost stays locked in, even if our base rate changes.

Displayed APY is variable as of December 27, 2024 and subject to change. Conditions apply. See offer terms. You must click below to be enrolled in this promotion.

 

Claim your offer
Group 3283-3

What makes Betterment’s Cash Reserve better?

  • Coin going in a slot.

    $0 fees.

    Forget any monthly or maintenance costs—what you earn is what you keep.
  • 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.
  • Frame 2845

    Earn a higher APY.

    Grow your savings with an APY nearly 12x 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

Bank Hapoalim, B.M.1 Barclays Bank Delaware1 CIBC Bank USA1 Cross River Bank
Encore Bank 1 First Internet Bank of Indiana 1 First Merchant Bank1 First Western Trust Bank1
Forbright Bank 1 HSBC Bank USA, N.A.1 Lake Forest Bank & Trust Company, N.A.1 Morgan Stanley Bank, N.A.1
Morgan Stanley Private Bank, National Association1 NexBank1 Northbrook Bank and Trust Company, N.A.1 State Bank of the Lakes, N.A. 1
State Street Bank and Trust Company1 The Bancorp Bank2 Truist Bank1 Webster Bank, N.A.1
Wells Fargo Bank, N.A.1 2 Western Alliance Bank1 Wheaton Bank and Trust, N.A. 1 Apple 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?

Claim your offer