Save and earn more with 5.00% APY*

APY is variable.

Grow your savings with a high-yield cash account. Betterment’s Cash Reserve secures your money during volatile times while earning 11x the national average.**

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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?

  • Coin going in a slot.

    $0 fees.

    Forget any monthly or maintenance costs—what you earn is what you keep.
  • Shield with a check mark.

    $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.
  • Hand holding a pile of cash.

    Unlimited withdrawals.

    Compare this to other banks that limit how often you can access your money.
  • A small flowering plant surrounded by butterflies

    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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Two goals with recurring deposit turned on. One for a new sofa, and another for a rainy-day fund.

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.
A vault next to a shield with a check mark on it.

Our Program Banks

The Bancorp Bank2 Barclays Bank Delaware1 Cross River Bank HSBC Bank USA, N.A.1
State Street Bank and Trust Company1 Wells Fargo Bank, N.A.1 Citibank, N.A.1 First Internet Bank of Indiana 1
Bell Bank (Fargo, North Dakota) 1 Webster Bank, N.A.1 First Merchant Bank1 Truist Bank1
CIBC Bank USA1 NexBank1 Morgan Stanley Bank, N.A.1 Morgan Stanley Private Bank, National Association1

Program bank list last updated January 12, 2024. 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.

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