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.
What makes Betterment’s Cash Reserve better?
$0 fees.Forget any monthly or maintenance costs—what they earn is what they keep.
$2 million insured.†FDIC insurance covers up to $2 million ($4 million for joint accounts) with our program banks.
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.
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.
Keep their money safe as it grows.
Cash Reserve lets your clients earn interest even during volatile times. FDIC insurance covers their money up to $2 million ($4 million for joint accounts) at our program banks†, meaning they won’t have to sacrifice security for growth.