What is a Cash Reserve account?

Betterment’s Cash Reserve is a cash management account that can help grow your savings, but instead of earning interest that adds up to pennies, ours gives you dollars. There are no fees and it’s FDIC insured up to $2 million ($4 million for joint accounts) once your funds reach our program banks (subject to certain conditions). Betterment is not a bank.

Am I eligible for this reward?

If you’ve been eligible to contribute to your 401(k) plan for more than 30 days (as of 02/25/25 or earlier), haven’t yet funded your account, and your employer is participating in this program, this incentive is for you. Beginning 04/02/25, you can double-check your eligibility by visiting our Rewards Center. If you’re eligible, you’ll see the offer listed there.

How can I tell if I’ve logged in before?

If you’re not sure, head to betterment.com and try to log in; if you’ve never logged in before, you’ll get an error message. Head to betterment.com/accountaccess to get started.

How do paycheck contributions work?

Once you set a contribution rate, it will typically take 1-2 payroll cycles for the contributions to start coming out of your paycheck and into your 401(k).

Does my contribution need to be in my 401(k) by May 30, 2025?

If your contribution comes out of your 05/30 paycheck that is fine, as long as the contribution settles into your account by 06/15/2025.

Are there any fees associated with the Cash Reserve account? Can I get my money out at any time?

There is no fee charged to you for using Betterment’s Cash Reserve account. And you’ll always have access to your cash (you’ll sync the account to a funding source, typically a checking account). 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. See Cash Reserve for more information.

I still have questions about this - who can I contact?

Our team can be reached at support@betterment.com.

SPECIAL OFFER Earn $100 when you start investing in your 401(k)

Take a step towards building a better financial future for yourself and we’ll give you a cool $100. Terms apply.

It’s as easy as 1-2-3

Activate your account. If you haven’t logged in before, this is your first step.
Set a contribution rate. You need to contribute at least $50 into the 401(k) to qualify for the reward.
Open a Cash Reserve account. This is where we’ll deposit your $100.

Just finish these steps before May 30, 2025. Then your $100 will be deposited by the end of June. Cha-ching!

FAQ

1. If you’ve been eligible to contribute to your 401(k) plan for more than 30 days (as of 02/25/25 or earlier), haven’t yet funded your account, and your employer is participating in this program, this incentive is for you.
2. Beginning 04/02/25, you can double-check your eligibility by visiting our Rewards Center. If you’re eligible, you’ll see the offer listed there.
There is no fee charged to you for using Betterment’s Cash Reserve account. And you’ll always have access to your cash (you’ll sync the account to a funding source, typically a checking account). 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. See Cash Reserve for more information.