What accounts can I open with Betterment?

To create an additional account, click “Add New” from the menu after logging in from a web browser. Or, on the mobile app, log in and click on "Add goal/account."

There you’ll find a list of available account types to choose from. There are no fees or minimums required for most of our additional accounts.


Betterment supports the following account types:

  • Roth IRA
  • Traditional IRA
  • SEP IRA (single participant only)
  • Inherited IRA
  • Individual taxable accounts
  • Joint taxable accounts with rights of survivorship
  • Trust accounts
    • Note that you must log in from a web browser, not the mobile app, to open a trust.
  • Cash Reserve - a cash account
    • Minimum deposit of $10.
    • You can also hold funds for specific goals in cash held in Cash Reserve.
  • Checking account provided by nbkc bank, Member FDIC.

Betterment does not support the following account types:

  • 529 accounts
  • Custodial or minor accounts
  • Solo 401(k)s (for more information about our 401(k) plans, see Betterment for Business)
  • Self-directed accounts (you cannot select your own funds or specific stocks)

All customers must be at least 18 years of age.

See Betterment's approach to setting up goals and accounts.