Betterment provides you with cash management solutions that helps you spend and save confidently.
Cash Reserve: A Cash Account
- A cash account
- Earn a variable rate of 4.25% APY*
- For individual Cash Reserve: FDIC insurance covers up to $2 million at our program banks†
- For joint Cash Reserve: FDIC insurance covers up to $4 million at our program banks†
- Access your cash in 1-2 business days
- No limits on withdrawals
- No minimum balance
- No fees on your balance
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.
Checking
- ATM fees are reimbursed worldwide‡
- No minimum balance
- No overdraft fees
- No maintenance fees
- Eligible for up to $250,000 of FDIC insurance per depositor through nbkc bank, Member FDIC
Checking accounts and the Betterment Visa® Debit Card provided and issued by nbkc bank, Member FDIC.
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