Yes! Cash Reserve is Betterment’s high-yield cash account, intended primarily for short-term savings and emergency funds. It offers a 4.00% (variable) APY, which is set based on the Fed Funds Rate. In addition, the account provides:
- Up to $2M in FDIC insurance ($4M in joint accounts) through our program banks, subject to certain conditions
- Unlimited withdrawals
- No minimum balance
- No fees on assets held in Cash Reserve
You can also transfer between Cash Reserve and your Betterment investing portfolios, save with ease using recurring deposits from your bank account, and create various “goals” within Cash Reserve, depending on what you’re saving for.
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.
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