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.
What makes Betterment’s Cash Reserve better?
$0 fees.Forget any monthly or maintenance costs—what you earn is what you keep.
$2 million insured.†Rest easy with FDIC insurance up to $2 million ($4 million for joint accounts) with our program banks. That's 8X the standard.
Unlimited withdrawals.Compare this to other banks that limit how often you can access your money.
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.
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.