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New customer offer Earn more with a boost on your savings

Open a Cash Reserve account and make a qualifying deposit to get a 0.65% APY boost on your savings for 3 months. Your boost stays locked in, even if our base rate changes.

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Terms apply.
390CRBOOST

 

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.

See how Betterment’s Cash Reserve stacks up

Betterment Robinhood Gold SoFi Chase
APY

4.40%

4.00%

3.80%

0.1%
Account fees

$0

$5/mo

$0

$5/mo
(conditional)
FDIC insurance

Up to $2M

Up to $2.5M

Up to $3M

Up to $250k

What makes Betterment’s Cash Reserve better?

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    Earn a higher APY.

    Grow your savings with an APY ~10x the national average.
  • Frame 1000006172-1

    $2 million insured.

    Rest easy with FDIC insurance up to $2 million ($4 million for joint accounts) with our program banks. That's 8X what most firms offer.
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    Unlimited withdrawals. No fees.

    Compare this to other banks that limit how often you can access your money.
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    No minimum balance.

    Other institutions offer higher interest rates based on a larger balance—you can grow your money with us for as little as $10.
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Optimize your cash today. Start saving for tomorrow.

Set money aside for what matters to you. Create multiple savings goals and use our automated tools to help you achieve them. 
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retirementfund

Keep your money safe as it grows.

Cash Reserve lets you earn interest even during volatile times. FDIC insurance covers your money up to $2 million ($4 million for joint accounts) at our program banks, meaning you won’t have to sacrifice security for growth.
stacksocash

Ready to boost your cash?

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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
Program bank list last updated as of Oct. 24, 2025. Up to $250,000 of coverage for each insurable capacity—e.g., individual or joint—at up to eight Program Banks. Electing to exclude one or more Program Banks from receiving deposits may lower the amount of FDIC insurance available through Cash Reserve.
Cash Reserve is for cash you intend to purchase securities with and should not be viewed as a long-term investment option.