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?
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$0 fees.
Forget any monthly or maintenance costs—what they earn is what they keep. -
$4 million insured.
Rest easy eligible cash with FDIC insurance up to $4 million ($8 million for joint accounts) with our program banks, subject to certain conditions.That's 16X the standard. -
Unlimited withdrawals.
Compare this to other banks that limit how often clients can access their money. -
No minimum balance.
Other institutions offer higher interest rates based on a larger balance—clients can grow their money with as little as $10.
Keep their money safe as it grows.
Cash Reserve lets your clients' earn interest even during volatile times on. eligible cash. FDIC insurance covers your money up to $4 million ($8 million for joint accounts) at our program banks, subject to certain conditions. meaning they won’t have to sacrifice security for growth.
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
Northern Bank & Trust Company1
List last updated Oct. 24, 2025. FDIC insurance provided by Program Banks, subject to certain conditions. Up to $8M (jt.)/$4M (ind.) applies to eligible cash. Electing to exclude one or more Program Bank from receiving deposits may lower the amount of FDIC insurance available.

